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. The survey attributed the improvement to supportive demand conditions and continued growth in new business inflows across the sector.
Nabka Insight
The Services PMI is a key high-frequency indicator of economic activity, frequently cited in economy questions.
Powered by AIKey facts
- HSBC India Services PMI rose to 54.1 in August 2026 from 53.3 in July.
- A PMI reading above 50 indicates expansion.
- Growth was driven by supportive demand and rising new business inflows.
Relevant forBanking · SSC · State PSC · UPSC