Summary:

According to the HSBC India Services PMI, India's services industry expanded at its quickest rate in ten months in June 2025, driven by robust domestic demand, expanding overseas sales, and stable job creation. The Business Activity Index increased from 58.8 in May to 60.4 in June, led by an increase in domestic orders and stronger exports, particularly to Asia, the Middle East, and the United States. Input costs climbed more slowly than output prices, boosting profits. Employment has grown for the 37th consecutive month. Finance and insurance led output fee increases, while consumer services faced the most cost pressure. Despite optimism, future output forecasts have fallen. The Composite PMI increased to 61, marking the strongest gain in 14 months in manufacturing and services.

Source: IBEF

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