India Services PMI rises to 54.1 in August, growth pace at over four-year low
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, supported by resilient demand and rising new business inflows. A reading above 50 signals expansion, though the headline pace of growth cooled to an over four-year low.
Nabka Insight
The HSBC India Services PMI is a widely tracked high-frequency indicator.
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- HSBC India Services PMI Business Activity Index rose to 54.1 in August 2026 from 53.3 in July.
- A reading above 50 indicates expansion.
- The pace of growth cooled to an over four-year low.
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