The HSBC flash composite PMI rose to 54.6 from 54.3 in July, with stronger services offsetting manufacturing growth that slowed to its weakest pace in five years
While the reading stayed above the 50 mark separating growth from contraction, it remained below the recent average of around 60
Softer demand, fierce competition and postponed orders slowed services activity, though export orders, employment and profit margins showed some improvement during the month
India's services sector expanded in July, but activity and new business grew at their weakest pace since early 2022, even as exports and hiring remained resilient
Business activity weakened as sales and output growth moderated while inflationary pressures intensified amid renewed tensions in West Asia
The HSBC India Services Purchasing Managers' Index (PMI), which tracks monthly changes in services activity, fell to 57.4 in June from 59.8 in May
The Services PMI rose to 59.8 in May from 58.8 in April, signalling the fastest expansion since November as firms reported stronger demand and softer price pressure
India's pvt sector activity remained firmly in expansion territory in May, though growth in new orders, exports, employment and business activity softened marginally, HSBC's flash PMI survey showed
Output and new order intakes recovered in April, with inflows of new work increasing to the greatest extent in five months
The flash manufacturing PMI stood at 55.9 compared to 53.9 in March, while the services PMI came in at 57.9 versus 57.5 earlier
Growth momentum eased for a second month as output and sales slowed, while rising input costs and the West Asia crisis weighed on demand and business activity
The Services PMI fell to 57.5 in March from 58.1 in February, marking the weakest expansion in 14 months, though it remained above the long-run average of 54.4
Flash data shows private sector growth slowed sharply as West Asia conflict hit demand and raised costs, though expansion remained above 50 mark
India's private sector growth slows to its weakest pace since late 2022 as soft domestic demand and rising costs weigh, even as export orders hit a record high
While greater client enquiries and marketing efforts supported sales at some units, a few companies suggested that an increasingly competitive environment dampened growth
Growth in India's services sector accelerated in January as output, new orders and hiring picked up, though the PMI reading remained below the flash estimate, S&P Global data showed
January services PMI: New orders increased faster in January after slowing at the end of 2025
Flash PMI January 2026: Both manufacturing and services showed similar rates of growth during the month
The HSBC India Services Purchasing Managers' index (PMI), compiled by S&P Global, fell to 58 in December from 59.8 in November
India's services PMI eased to 58.0 in December 2025 as growth in new business slowed, though companies reported stronger export orders from Asia, North America, the Middle East and the UK