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 ...


