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
Aus, India to join G7 meet on critical minerals
US TREASURY SECRETARY Scott Bessent said Australia, India, and several other countries would join a meeting of finance ministers from the Group of Seven (G7) advanced economies that he is hosting in Washington on Monday to discuss critical minerals.
1 min
January 11, 2026
Financial Express Chandigarh
Demand for luxury second homes on the rise
Shift led by higher incomes, focus on wellness
1 min
January 11, 2026
Financial Express Chandigarh
Budget likely to focus on debt goals & fiscal deficit
More investment, efficiency for high growth: EAC head 'Strong turnaround for banking'
1 min
January 11, 2026
Financial Express Chandigarh
A pinch too much!
The average Indian consumes twice the amount of salt they should - the damage remains invisible until it's too late
4 mins
January 11, 2026
Financial Express Chandigarh
Moroccan cave fossils yield a missing link in human origins
The new finding has a potential to revise theories on early human evolution
4 mins
January 11, 2026
Financial Express Chandigarh
Sebi nod to NSE IPO by month-end
THE SECURITIES AND Exchange Board of India (Sebi) is likely to issue by the end of this month a no-objection certificate (NoC) for the National Stock Exchange's (NSE) proposed public issue, bringing the much-anticipated IPO closer to reality.
1 min
January 11, 2026
Financial Express Chandigarh
ICICI Lombard staff leaks draft financials on WhatsApp
ICICI LOMBARD GENERAL Insurance on Saturday said a designated person of the company had \"inadvertently\" uploaded certain information related to its third-quarter financial statements on his personal WhatsApp status, before deleting it.
1 min
January 11, 2026
Financial Express Chandigarh
DIY URBANISM
How residents are cleaning, greening and reclaiming their cities, one filthy river, dumping ground, or neglected corner at a time
3 mins
January 11, 2026
Financial Express Chandigarh
Tracing the stars with songlines
A pulsing and spatial Australian ethnic narrative arrives in the national capital
3 mins
January 11, 2026
Financial Express Chandigarh
Greenland’s party leaders dismiss US control proposal
GREENLAND'S PARTY LEADERS have rejected President Donald Trump’s repeated calls for the US to take control of the island, saying that Greenland’s future must be decided by its people.
1 min
January 11, 2026
Listen
Translate
Change font size