India Services PMI rises to 54.1 in August
India's services sector continued to expand in August, with the seasonally adjusted HSBC India Services PMI Business Activity Index rising to 54.1 from 53.3 in July. A reading above 50 signals expansion. The improvement reflected supportive demand conditions and continued growth in new business inflows across the services sector.
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PMI readings are frequently asked as high-frequency indicators of economic activity.
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- HSBC India Services PMI: 54.1 in August, up from 53.3 in July.
- A reading above 50 indicates expansion.
- Growth supported by firm demand and rising new business inflows.
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