India services PMI hits 4-month high at 55.8 in October

India's HSBC Services PMI rose to 55.8 in October from 55.2 in September, marking a four-month high, per S&P Global data. Input cost inflation eased to its lowest since August 2020. Domestic demand drove sales growth, while the Composite PMI climbed to 56.2. New export orders, however, grew at their slowest pace since February 2023.