India services PMI edges up 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, staying well above the 50 mark that separates expansion from contraction. Supportive demand conditions and continued growth in new business inflows underpinned the reading, signalling sustained expansion in India's dominant services sector.
Nabka Insight
PMI is a widely tracked activity indicator; a reading above 50 signals expansion, a common exam concept.
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- HSBC India Services PMI: 54.1 in August (up from 53.3 in July).
- A reading above 50 indicates expansion.
- Support came from firm demand and rising new business inflows.
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