FX.co ★ India's Service Sector Momentum Accelerates in January with S&P Global Services PMI Rising to 59.3

India's services sector demonstrated robust growth as the S&P Global Services Purchasing Managers' Index (PMI) climbed to 59.3 in January 2026, up from the previous reading of 58.0 in December 2025. This promising uptick points to a continued expansion in India's services industry, marking the strongest pace seen in recent months.

The improvement in the PMI suggests that businesses have been bolstered by an upsurge in demand and a healthier economic backdrop, despite global uncertainties. Service providers in India have likely capitalized on this momentum by enhancing their operational capacities and refining their offerings, thus fostering growth.

These PMI figures are indicative of a vibrant services sector, which plays a crucial role in the Indian economy. With the services PMI serving as a key indicator of economic health, the recent data updated as of January 23, 2026, suggests that the sector is on a firm path to sustainable growth, contributing positively to the broader economic landscape of the nation.