Output growth across India's service economy was broadly stable heading towards the end of the current fiscal year, despite new orders rising at the slowest pace since January 2025, according to the HSBC India Services PMI report.
After losing growth traction at the end of 2025, Indian goods producers reported faster increases in new orders, output, employment and buying levels during January 2026, HSBC India Manufacturing PMI data showed Monday.
The HSBC composite Purchasing Managers' Index (PMI) output for India declined in September to 61.9, down from August's multi-year high of 63.2, according to the latest PMI report released by HSBC.
India's private sector economy expanded at the fastest pace since records began in December 2005, according to the HSBC Flash India PMI by S&P Global. The rise in August was powered by a surge in sales volumes and new orders, marking the quickest pace of business activity growth ever rec
India's services sector and broader private sector posted strong growth in June, driven by rising domestic and international demand, job creation, and easing price pressures, according to the HSBC India Services PMI report.
India's services sector continued to expand but at a slower phase in May 2025, with the Services PMI rising marginally to 58.8 from April's 58.7, according to the HSBC India Services PMI report released on Wednesday.
India's manufacturing sector demonstrated impressive resilience in July 2024, as indicated by the HSBC India Manufacturing PMI report, which recorded a strong reading of 58.1 in July.