India services activity expands in August, pace of growth cools to over 4-year low: PMI
India's services sector continued to expand in August 2026, 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. Supportive demand conditions and rising new business inflows drove the improvement, keeping the services economy in growth territory for another month.
Nabka Insight
The Services PMI is a leading high-frequency indicator of activity in the largest sector.
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- HSBC India Services PMI: 54.1 in August, up from 53.3 in July
- A reading above 50 indicates expansion
- Supported by demand conditions and new business inflows
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