HSBC/s&p global jointly announced that after seasonal adjustment, india's service sector PMI for November has been revised down to 58.4, compared to an initial value of 59.2 and a previous value of 58.5.

HSBC's chief economist for India, Pranjul Bhandari, stated that in November, India's services PMI showed strong performance, with a significant increase in employment in the services industry, reaching the fastest level since the survey began in 2005. This reflects improved industry confidence, growth in new orders, and strong international demand. At the same time, high food and labor costs are driving up input and output prices.