India's services sector growth hits 10-month low in September, PMI falls to 57.7.

In September, India's services sector growth hit a 10-month low, with the HSBC Services Purchasing Managers' Index falling to 57.7 from 60.9 in August. While the new business sub-index declined, it remained above historical averages. Despite rising costs and a slowdown in international demand, firms continued to hire, extending job creation to over two years. Overall, the sector's expansion persists amid challenges like inflation and increased competition.