New Delhi, Oct. 24 -- India's private sector growth eased in October as activity expanded at the slowest pace in five months, led by a slowdown in the services economy, according to the HSBC Flash India PMI press release.

The latest survey showed that while business output and new orders continued to grow, the momentum weakened from earlier months. The HSBC Flash India Composite Output Index, which tracks changes in the combined output of manufacturing and services, fell from 61.0 in September to 59.9 in October, the lowest level since May 2025. Despite the slowdown, the index still pointed to a solid expansion in overall business activity.

The release said the slowdown was mainly driven by lesser growth in the service sector, where com...