Robust services drive India's business activity to 3-month high in Nov, cost pressures grow

India's business activity surged in November, hitting a three-month high thanks to a booming services sector and record job creation. Despite this positive trend, inflation has reached a near 12-year peak, driven by rising input costs across industries. While businesses remain optimistic, the soaring inflation may prompt the Reserve Bank of India to maintain its cautious stance on interest rates.