BENGALURU - Growth in India's dominant services sector was the slowest in over two years in January amid cooling demand but remained historically strong and led to a substantial rate of hiring, a business survey showed on Wednesday.

HSBC India Services PMI fell to 56.5 in January, lowest since November, with slower growth in sales and output.

India's services sector expanded at its slowest pace in over two years in January 2025, as new business growth weakened and demand momentum softened, according to the HSBC India Services PMI data released on Wednesday.

Sam Altman’s current endorsement of India’s AI capabilities marks a notable shift from his previous stance. In a 2023 interview, he had expressed doubts about India being able to develop AI models com

OpenAI CEO Sam Altman has declared India the company’s most critical international market. Altman’s statement came after a year that saw OpenAI’s user base in India triple, marking the end of a multi-day tour of Asia that included stops in Tokyo and Delhi.