Mumbai, Nov. 4 -- India's services sector recorded stronger growth in October, supported by rising demand, new client wins and improved business activity. The HSBC India Services PMI Business Activity Index increased to 55.8 from 55.2 in September, marking the fastest expansion in four months and remaining comfortably above the 50.0 growth threshold.

New orders also grew at the fastest pace since June, with Finance & Insurance leading growth across service sectors. Domestic demand remained the key driver, while export growth weakened to its slowest pace since February 2023.

Employment growth slowed to its weakest level in four months as businesses remained cautious about the outlook. However, input cost inflation eased to its lowest lev...