Try GOLD - Free
Services PMI at 15-year high on robust demand
Financial Express Chandigarh
|September 04, 2025
INDIA'S SERVICES ECONOMY registered its sharpest growth in 15 years with HSBC India Services PMI jumping to 62.9 in August as compared to 60.5 a month ago.
The increase in PMI has been led by the substantial improvement in demand, which pushed the growth of new orders.
At the same time, the rise in international sales was third-strongest since the series started in September 2014.
Aiding the rise in total sales was a pick-up in growth of new export orders.
Panel members signaled greater demand from clients in Asia, Europe, West Asia and the US, as per PMI.
Pranjul Bhandari, chief India economist at HSBC said that the broad-based expansion in international sales bolstered overall demand, which prompted Indian services firms to hire additional workers.
This story is from the September 04, 2025 edition of Financial Express Chandigarh.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Chandigarh
Financial Express Chandigarh
Slowdown in home loans hits personal credit growth
THE SLOWDOWN IN home loans pulled down the overall growth in the personal loan category in November.
1 mins
January 05, 2026
Financial Express Chandigarh
From multiple regulators to one framework
VIKSIT BHARAT SHIKSHA ADHISHTHAN BILL, 2025
2 mins
January 05, 2026
Financial Express Chandigarh
Ola’s triple-unicorn ride runs into speed bumps
IN 2024, BHAVISH AGGARWAL presided over a rare feat in Indian startups—running three unicorns in parallel.
2 mins
January 05, 2026
Financial Express Chandigarh
Coding gets the right vibe
FOR THE LAST three decades, the sheer headcount of software engineers have been translating into big revenues for Indian IT services companies. The offshore execution efficiency combined with the ability to add talent as and when new projects came up, defined the growth trajectory for the business. This phenomenon is poised for a dramatic shift that would redefine how IT service businesses can count on their advantage.
2 mins
January 05, 2026
Financial Express Chandigarh
Early screen time leads to teen anxiety
A STUDY BY a Singapore government agency has found that children exposed to high levels of screen time before age two showed brain development changes linked to slower decision-making and higher anxiety in adolescence, adding to concerns about early digital exposure.
1 min
January 05, 2026
Financial Express Chandigarh
Unsold homes rise 4% in 2025
UNSOLD HOUSING UNITS rose 4% to nearly 577,000 units last year across 7 major cities as supply of new homes exceeded demand, according to Anarock.
1 min
January 05, 2026
Financial Express Chandigarh
India Inc ...
AT TATA SONS, Chairman N Chandrasekaran in his New Year message to employees, reiterated the group's focus on adopting AI across functions to improve execution, signalling that AI is now viewed as an enterprise-wide lever rather than an experimental tool.
1 min
January 05, 2026
Financial Express Chandigarh
Without reforms, 2026 could be another damp squib for equities
GLOBAL HEADWINDS
2 mins
January 05, 2026
Financial Express Chandigarh
Maduro sits in US custody, loyalists defiant
VENEZUELA'S TOPPLED LEADER Nicolas Maduro was in a New York detention center on Sunday awaiting drug charges after President Donald Trump ordered an audacious raid to capture him, saying the US would take control of the oil-producing nation.
1 mins
January 05, 2026
Financial Express Chandigarh
ONGC Videsh may get to recover $1-bn in dues
RIL, ACCORDING TO media reports, had obtained a licence from US Treasury's Office of Foreign Assets Control (OFAC) in July 2024 for crude imports from PdVSA, notwithstanding the sanctions, but actual trade hasn't picked up.
4 mins
January 05, 2026
Listen
Translate
Change font size