Financial News: India Services Growth Improves In January

India Services Growth Improves In January

02/04/2026 - 02:36:00 (RTTNews)

(RTTNews) - India's service sector growth rebounded at the start of the year amid quicker rises in new orders and output, final data compiled by S&P Global showed on Tuesday.

The seasonally adjusted HSBC India Services PMI rose to 58.5 in January from 58.0 in December. The flash score was 59.3. A score above 50.0 indicates expansion.

Both output and new orders grew at faster rates in January, and the upturn in the latter was driven by demand buoyancy, new business gains, and tech investment.

The growth in sales was attributed to greater client interest in their services and a stronger online presence. New export orders grew at the fastest pace in three months, linked to new business gains from clients in Indonesia, Kenya, Malaysia, Oman, Qatar, Sri Lanka, Thailand, and Vietnam.

In line with rising new orders, Indian service providers resumed hiring activity in January, though the pace of job creation was only marginal.

On the price front, input price inflation accelerated to a 4-month high in January, and selling price inflation was the strongest in three months.

Looking ahead, business confidence strengthened amid optimistic forecasts for efficiency gains, marketing efforts, and new client wins.

The composite output index rose to 58.4 in January from December's 11-month low of 57.8, indicating that the latest sharp rate of expansion in the Indian private sector was boosted by stronger growth at goods producers as well as service providers.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Crude Oil Inventories Jump Much More Than Expected (01 hr(s), 50 min(s), 24 sec(s) ago)
(RTTNews) - A report released by the Energy Information Administration on Wednesday showed crude o ...Full Story»

U.S. Factory Orders Inch Up In Line With Estimates In January (02 hr(s), 02 min(s), 24 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Wednesday showed a slight increase in ...Full Story»

U.S. Producer Prices Climb 0.7% In February, Much More Than Expected (02 hr(s), 16 min(s), 24 sec(s) ago)
(RTTNews) - Producer prices in the U.S. increased by much more than expected in the month of Febru ...Full Story»

Bank Of Canada Leaves Interest Rates Unchanged For Third Straight Meeting (02 hr(s), 25 min(s), 24 sec(s) ago)
(RTTNews) - The Bank of Canada on Wednesday announced its widely expected decision to leave intere ...Full Story»

South Africa Retail Sales Growth Rebounds In January (03 hr(s), 03 min(s), 24 sec(s) ago)
(RTTNews) - South Africa's retail sales growth quickened in January after easing in the previo ...Full Story»

U.S. Producer Prices Climb Much More Than Expected In February (03 hr(s), 50 min(s), 24 sec(s) ago)
(RTTNews) - Producer prices in the U.S. increased by much more than expected in the month of Febru ...Full Story»

Malta HICP Inflation Remains Stable At 2.3% (04 hr(s), 09 min(s), 24 sec(s) ago)
(RTTNews) - Malta's EU measure of inflation held steady in February, data from the National St ...Full Story»

Portugal Producer Prices Fall 3.5% (04 hr(s), 28 min(s), 24 sec(s) ago)
(RTTNews) - Portugal's producer prices continued their declining trend in February, figures fr ...Full Story»