Growth in India’s dominant services sector slowed to a five-month low in October as adverse weather and competitive pressures tempered the strong momentum seen in recent months, according to a survey released on Thursday (November 6).

The HSBC India Services PMI , compiled by S&P Global , fell to 58.9 in October from 60.9 in September — signalling the slowest pace of expansion since May. Despite the moderation, the index remained well above the 50-mark separating growth from contraction for the 51st consecutive month , indicating that underlying demand conditions remain resilient.

The report pointed to softer new business growth , which eased to a five-month low as floods, landslides, and rising competition constrained client inflows. International demand also weakened,

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