India services growth picks up in September, PMI touches 55.2

October 6, 2026 12:56 PM

India services growth picks up in September, PMI touches 55.2

India's services sector expanded at its fastest pace in three months in September, supported by stronger domestic demand and a sharp rise in new orders, according to the HSBC India Services PMI released on Tuesday.   The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 55.2 in September from 54.1 in August, signalling the strongest expansion in services activity since June.   New business also increased sharply during the month, recording its fastest growth in th...

India’s manufacturing PMI rises to 16-month high in July despite global uncertainties

August 1, 2025 12:26 PM

India’s manufacturing PMI rises to 16-month high in July despite global uncertainties

India’s manufacturing sector gained momentum in the month of July as Purchasing Managers’ Index (PMI) rose to a 16-month high of 59.1, up from 58.4 in June, despite global uncertainties and US tariffs, according to data released by S&P Global on Friday. The HSBC India Manufacturing Purchasing Managers’ Index (PMI) climbed to a 16-month high of 59.1, driven by strong gains in new orders and output, though business sentiment and hiring momentum showed signs of moderation. “India reco...