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Services grow at 15-year high
Mint Kolkata
|September 04, 2025
Strong momentum The index has now remained above the 50-point threshold for over four years.
India's service sector saw its strongest growth in 15 years in August, driven by a surge in demand and new business, according to a private survey released on Wednesday.
The HSBC India Services Purchasing Managers' Index (PMI), compiled by S&P Global, climbed to 62.9 in August, up from 60.5 in July and 60.4 in June. This marks the fastest growth since June 2010. The index has now remained above the 50-point threshold, which separates growth from contraction, for over four years, highlighting the sector's sustained momentum.
The rise in international sales was the third-strongest since the series began in 2014. This robust demand led to services firms hiring more workers, although outstanding business only rose marginally.
This story is from the September 04, 2025 edition of Mint Kolkata.
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