{"id":74330,"date":"2025-11-06T12:46:03","date_gmt":"2025-11-06T07:16:03","guid":{"rendered":""},"modified":"2025-11-06T12:46:03","modified_gmt":"2025-11-06T07:16:03","slug":"india-39-s-service-sector-growth-falls-to-5-month-low-in-oct-on-competitive-pressures-heavy-rains-pmi","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=74330","title":{"rendered":"India&#39;s service sector growth falls to 5-month low in Oct on competitive pressures, heavy rains: PMI"},"content":{"rendered":"<p>India&#39;s service sector growth falls to 5-month low in Oct on competitive pressures, heavy rains: PMI<BR>GST<BR>Dated:- 6-11-2025<BR>PTI<BR>New Delhi, Nov 6 (PTI) India&#39;s services sector growth witnessed the slowest pace of expansion in five months in October, as competitive pressures and heavy rains in parts of the country led to a slower increase in output, according to a monthly survey released on Thursday.<br \/>\n The seasonally adjusted HSBC India Services PMI Business Activity Index fell from 60.9 in September to 58.9 in October, indicating the slowest pace of expansion since May.<br \/>\n Notwithstanding the moderation, the October Services PMI index was comfortably above both the neutral mark of 50 and its long-run average of 54.3.<br \/>\n In the Purch<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/news?id=60760\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p>n services improved further, as signalled by another increase in external sales. The rate of expansion was solid, though the weakest since March, as per the survey.<br \/>\n Meanwhile, monitored firms suggested that the GST reform curbed price pressures. Input costs and output charges rose at the slowest rates in 14 and seven months, respectively.<br \/>\n Going forward, companies were strongly confident of a rise in business activity over the next 12 months.<br \/>\n Amid reports of efforts to support rising new-business intake, meet delivery deadlines, and maintain reliable services, companies recruited additional staff in October.<br \/>\n Meanwhile, the combined output of India&#39;s manufacturing and service sectors continued to expand sharply in October, but growth <\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/news?id=60760\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s service sector growth falls to 5-month low in Oct on competitive pressures, heavy rains: PMIGSTDated:- 6-11-2025PTINew Delhi, Nov 6 (PTI) India&#8217;s services sector growth witnessed the slowest pace of expansion in five months in October, as competit<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-74330","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/74330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=74330"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/74330\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}