India's services sector reached a five-month high in August, with HSBC Services PMI rising to 60.9.

In August, India's services sector reached a five-month high, with the HSBC Services Purchasing Managers' Index rising to 60.9, up from 60.3 in July. This growth is attributed to increased domestic demand and productivity improvements, particularly in the Finance and Insurance sectors. Despite this expansion, business confidence fell to a 13-month low, and the hiring pace slowed. Overall, the sector continues to show resilience amid easing inflationary pressures.

September 04, 2024
59 Articles

Further Reading