February 4, 2026 12:10 PM

India services PMI rises to 58.5 in January: HSBC

India’s services sector activity strengthened in January, with the Services Purchasing Managers’ Index (PMI) rising to a two-month high of 58.5, while the Composite PMI increased to 58.4, according to data released by HSBC. The seasonally adjusted HSBC India Services PMI Business Activity Index rose from 58.0 in December to 58.5 in January, indicating a sustained and historically sharp expansion in activity. The index is based on a single question that measures changes in business activity ...

June 23, 2025 2:20 PM

India’s economic activity hits 14-month high in June: HSBC report

India’s economic activity reached a 14-month high in June, driven by a sharp increase in new business orders and a record rise in exports, according to HSBC’s flash Purchasing Managers’ Index (PMI) data released on Monday. The HSBC Flash India Composite Output Index, which reflects the combined performance of the manufacturing and services sectors, rose to 61.0 in June from 59.3 in May, indicating robust expansion well above the long-term average. Manufacturers led the momentum, although ...

May 6, 2025 2:38 PM

India’s services sector sees stronger growth in April as PMI rises to 58.7: HSBC

India’s services sector regained momentum in April after a brief slowdown in March, according to the latest HSBC Services PMI data released by S&P Global. The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 58.7 in April, up from 58.5 in March, indicating a sharp and stronger expansion in business activity. The latest reading is also well above the long-run average of 54.2. “After experiencing a slowdown in March, growth of business activity in the Indian se...

February 21, 2025 12:32 PM

India’s private sector growth hits six-month high in February: HSBC flash PMI data

India's private sector output reached a six-month high in February, driven by a sharp expansion in services activity, according to the latest HSBC Flash PMI data. The seasonally adjusted HSBC Flash India Composite Output Index rose to 60.6 from 57.7 in January, marking its strongest growth since August 2024 and remaining above its long-term average. The services sector was the key contributor to this growth, with the HSBC Flash India Services PMI Business Activity Index climbing to 61.1 from 5...