MeridStreet Open terminal →
MARKET MOVES

India's services sector growth at 3-month high, but quarter weakest since 2022, PMI shows

·Economic Times·Impact 3/5 · Notable
MeridStreet AI summary

India's services sector growth accelerated in September, reaching a three-month high, according to the HSBC Services PMI. This increase is attributed to stronger domestic demand. However, the quarterly growth rate was the weakest since early 2022, indicating softer hiring and exports. This mixed performance may have implications for the overall economy, as it could signal a slower-than-expected recovery.

Source reporting

Read the source report: Economic Times →

MeridStreet analysis

Why it matters

India's services sector is growing at its fastest pace in three months, driven by stronger domestic demand. This could lead to increased economic activity and higher investor confidence.

Market impact

Impact score
3 / 5
Market signal
Positive / risk-on
Category
Market moves
Model confidence
65%

Markets & countries in focus

India

Transmission channels

Domestic demand growth→Services sector expansion→Economic activity increase→Investor confidence boost→Indian equities rise

Likely winners & losers

Winners

  • Indian equities
  • Services stocks

Under pressure

  • Defensive assets

Explore the intelligence

Live news feed
Real-time global markets, trade & geopolitics
All stories
Every tracked story cluster
Global macro
GDP, inflation & policy rates across major economies
Open the live MeridStreet terminal →

MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to Economic Times. For information only — not financial advice.