September 3, 2026 12:57 PM
India services PMI rises to 54.1 in August; employment growth hits 15-month high
India's services sector expanded at a faster pace in August, supported by resilient demand and a sustained rise in new business, while employment growth accelerated to a 15-month high, according to HSBC India Services PMI data released on Thursday. The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 54.1 in August from 53.3 in July, indicating a stronger pace of expansion. Service providers reported sustained demand and increased new business inflows during the mont...