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Services growth at 11-month high on strong demand
Mint Chennai
|August 06, 2025
Robust pace The services sector has been a key driver of recent economic growth.
India's services sector expanded at its quickest pace in 11 months in July, buoyed by rising new business, international orders, and robust output, a private survey showed on Tuesday.
The seasonally adjusted HSBC India Services Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 60.5 in July from 60.4 in June, marking the strongest growth since August 2024.
While the month-on-month rise was modest, the index has now stayed well above the 50-point threshold that separates growth from contraction for over two years, underscoring sustained momentum.
Denne historien er fra August 06, 2025-utgaven av Mint Chennai.
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