India's Services PMI rises to 54.1 in August
The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 54.1 in August 2026 from 53.3 in July, indicating continued expansion in the services sector. A reading above 50 signals expansion. Demand conditions remained supportive and new business inflows continued to rise, pointing to sustained momentum in India's dominant services economy.
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The Services PMI is a key high-frequency gauge of economic activity and demand.
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- HSBC India Services PMI at 54.1 in August (up from 53.3 in July)
- A reading above 50 indicates expansion
- New business inflows continued to rise
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