September 3, 2025 12:19 PM
India’s Services PMI surges to 62.9 in August, fastest growth since 2010
India’s services sector recorded its fastest pace of growth in more than 14 years, with the HSBC India Services PMI Business Activity Index rising to 62.9 in August from 60.5 in July, according to the HSBC PMI survey report. This marked the steepest rate of expansion since June 2010, reflecting a sharp surge in demand and business activity. The report said, “HSBC India Services PMI Business Activity Index - based on a single question asking how the level of business activity compares with ...