India, Feb. 4 -- Activity in India's services sector has rebounded from lowest in nearly a year due to new business even as job creation remained stagnant.

HSBC's India Services Purchasing Managers' Index, which is compiled by S&P Global, rose to 58.5 in January 2026 from 58.0 in December 2025. That marks the 24th consecutive month of expansion - the longest streak since the survey began in 2005. A reading above 50 indicates expansion, and contraction below.

"Robust output growth was driven by a steady influx of new orders, including increased international demand from South and Southeast Asia," HSBC's Chief India Economist Pranjul Bhandari said.

The pickup in services activity in the world's populous country was driven by new business...