FX.co ★ India's Service Sector Maintains Momentum: PMI Climbs to 59.8 in November

India's service sector continues to exhibit robust growth, as reflected in the latest S&P Global Services PMI, which inched up to 59.8 in November 2025, surpassing the previous mark of 58.9 from the same month. This marks a significant upward trajectory in the sector's performance, reflecting sustained expansion and resilience amid global economic volatility.

The updated data, released on December 3, 2025, indicates a strengthened sector characterized by increasing business activities and demand. The PMI, or Purchasing Managers' Index, is a key economic indicator, where a figure above 50 signals growth. The latest rise reinforces the optimism surrounding India's service economy, cementing its role as a pivotal driver of the country's GDP.

Economists and market observers are closely watching these developments as they underline the service sector's pivotal role in economic recovery and growth, despite external pressures. The gains suggest a healthy business environment and potentially enhanced consumer confidence, pointing toward sustained economic vitality for India in the months ahead.