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India Services PMI rises to 54.1 in August

The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 54.1 in August 2026 from 53.3 in July, signalling continued expansion in the services sector. According to the survey, demand conditions remained supportive and new business inflows continued to rise during the month. It is a closely watched monthly gauge of private-sector services output.

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Monthly PMI readings are widely used to gauge services-sector momentum.

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Key facts

  • HSBC India Services PMI Business Activity Index: 54.1 in August 2026, up from 53.3 in July.
  • Demand conditions stayed supportive; new business inflows rose.

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