India’s dominant services industry powers ahead, as per HSBC’s latest PMI survey showing a score of 58. The index reflects healthy growth in output, orders, and workforce expansion, solidifying the sector’s economic backbone.
Providers logged substantial new business inflows, both locally and overseas, prompting the steepest job additions in recent memory. Cost inflation persisted but was offset by pricing power, preserving business health. Backlogs eased due to better capacity utilization.
This upbeat data aligns with India’s ambition to lead in global services trade. The PMI’s consistency above 50 for months signals structural strength and recovery consolidation. Experts predict this momentum will support broader GDP acceleration.
Tracking services PMI India trends, observers note its outperformance versus manufacturing peers. This development enhances investor sentiment, underlining the sector’s role in fostering inclusive growth.