primarily driven by a significant increase in new business orders due to robust demand conditions. This surge in economic activity also led to a continuous rise in job numbers, reflecting an overall improvement in business sentiment. The S&P Global India Services PMI Business Activity Index, adjusted for seasonality, increased from 60.1 in August to 61 in September. In the language of Purchasing Managers’ Index (PMI), a reading above 50 signifies expansion, while a score below 50 indicates contraction.
