The HSBC India Services PMI fell to 61.6 in September 2025, down from 62.9 in August, according to preliminary estimates. Despite the decline, the reading remained close to August’s peak. - the strongest expansion in the services sector since June 2010 - as foreign sales grew at the slowest pace since March 2025. Employment continued to rise, though at a softer pace compared to the previous month. Meanwhile, outstanding business increased only marginally. On the price front, both input and output inflation eased, indicating softer cost pressures..