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Services sector growth steadies in May on healthy demand conditions
Millennium Post Delhi
|June 05, 2025
Firms also observed a near-record improvement in international demand for their services during May
NEW DELHI: The Indian services growth broadly steadied in May and was underpinned by healthy demand conditions, new client wins and greater staffing capacity, a monthly report said on Wednesday.
The HSBC India Services PMI Business Activity Index was at 58.8 in May, marginally up from April's 58.7 and signaled another sharp rate of expansion. In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
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