July 3, 2025 12:03 PM
India’s services sector soars to 10-month high in June, signaling strong growth
The growth in India's services sector activity surged to a 10-month high in June, driven by robust demand in both the domestic and export markets, according to an HSBC survey released on Thursday. The seasonally adjusted HSBC India Services PMI Business Activity Index, compiled by S&P Global, rose from 58.8 in May to 60.4 in June. The PMI threshold of 50.0 is neutral mark that separates growth from contraction on the index. New orders expanded at the quickest rate since August 2024. Servic...