India's Services Growth Hits 4-Month High in October
India's services sector grew faster in October, reaching a four-month high. Strong domestic demand and new business orders drove the rise. The HSBC Services Business Activity Index rose to 55.8, pointing to better business conditions. Manufacturing, however, showed a slight decline.
Context
Context: HSBC publishes this monthly survey of business managers, and a reading above 50 signals expansion. Services such as banking, IT and retail make up a large share of India's economy, so this index is watched closely.
Burning Potato score: 58%