New Delhi, Jan. 6 -- Rates of expansion in incoming new work and output eased to the slowest in 11 months, with companies refraining from recruiting additional staff, HSBC India Services PMI for December 2025, released on Tuesday, has indicated.

The PMI reported that firms remained upbeat about growth prospects, but overall sentiment fell to its lowest level in nearly three-and-a-half years.

"Although India's service sector maintained a strong performance in December, several of the survey's measures retreated as 2025 drew to a close. Rates of expansion in incoming new work and output eased to the slowest in 11 months, with companies refraining from recruiting additional staff. Firms remained upbeat towards growth prospects, but overall...