New Delhi, Jan. 6 -- India's services sector growth declined to an 11-month low in December amid slow expansion in new businesses, according to a private survey on Tuesday.

The seasonally adjusted HSBC India Services Purchasing Managers' Index (PMI) Business Activity Index, compiled by S&P Global, fell to 58.0 in December from 59.8 in November, indicating the slowest rate of expansion since January 2025. A reading above 50 indicates expansion in the sector.

While Indian services companies were confident of a rise in business activity in 2026, the overall level of positive sentiment fell for the third straight month, the statement said. Further, along with a fading business optimism, job creation in the services sector stalled in Decembe...