India’s services activity keeps expanding in August; PMI rises to 54.1
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 was supported by favourable demand conditions and continued growth in new business inflows, keeping the private services economy on a firm footing.
Nabka Insight
The Services PMI reading and the 50-mark expansion threshold are standard economy-indicator questions.
Powered by AIKey facts
- The HSBC India Services PMI Business Activity Index rose to 54.1 in August from 53.3 in July.
- A PMI reading above 50 indicates expansion in activity.
- Growth was supported by supportive demand and rising new business inflows.
Relevant forBanking · SSC · State PSC · UPSC