India's Services Sector Rebounds Strongly in October

• India's services sector saw a significant rebound in October, driven by strong domestic and international demand.
• The HSBC India services PMI rose to 58.5 in October from 57.5 in September, indicating robust growth.
• Job creation in the sector reached a 26-month high, reflecting positive business sentiment and optimism.
• Input costs increased due to higher wage bills and food costs, leading to higher selling charges.
• Despite a slight dip in business sentiment from September, the overall outlook remains positive for the year ahead.

Source: Dt Next, The Times Of India