empty
 
 

03.07.202605:00:00UTC+00India’s Services Momentum Eases as HSBC India Services PMI Slips to 57.4 in June

India’s services sector saw a moderation in activity in June, with the HSBC India Services Purchasing Managers’ Index (PMI) easing to 57.4, down from 59.8 previously. The latest reading, updated on 03 July 2026, still signals solid expansion but points to a slower pace of growth compared with the earlier period.

Despite the decline, the June 2026 PMI level remains comfortably above the 50-point threshold that separates expansion from contraction, indicating that services activity in India continues to grow, albeit less vigorously. The softening suggests that while demand and business conditions remain supportive, the sector is no longer accelerating at the rate seen in the previous reading.

Market participants and policymakers are likely to watch upcoming PMI releases closely to assess whether this moderation is a temporary pause or the start of a more sustained cooling in India’s services-driven growth momentum.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback