The seasonally adjusted S&P Global India Services PMI Business Activity Index, which measures the level of activity in the services sector, dropped to 56.9 in November. This compared to 58.4 in the previous month, indicating a slowdown in services activity in India. While the index still remains above the 50-mark, which indicates expansion, the decline suggests a weakening pace of growth. The decline can be attributed to the increasing cost pressures and rising COVID-19 cases in the country. The services sector, which includes financial services, hospitality, and transportation, plays a significant role in India’s economy. The latest data highlights the challenges faced by the sector amidst the ongoing pandemic and the need for continued economic support measures.