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India's services industry expanded at its fastest pace in three months in September, with the HSBC India Services PMI rising to 55.2 from 54.1 in August. However, quarterly growth was the weakest since the first quarter of 2022, weighed down by softer hiring and export momentum.
India's services sector grew at its fastest pace in three months in September, driven by increased demand for financial, consumer, and digital services. However, the overall growth for the quarter was the weakest seen in over four years, according to a survey released on Tuesday.