India's services sector growth rises in June on robust increase in new business, exports: PMI
Demand strength and rising intakes of new business were cited as the key determinants of growth
In June, India's services sector growth picked up, with the HSBC India Services Business Activity Index rising from 60.2 to 60.5. This indicates robust expansion driven by increased domestic and international orders, prompting firms to hire staff at the fastest rate since August 2022. Despite moderate cost inflation, service providers expressed optimism for future business activity, although confidence moderated during the month.
