The HSBC India Services PMI was revised lower to 54.1 in August 2026 from a preliminary estimate of 54.5, following a final reading of 53.3 in the previous month, which was the weakest expansion since early 2022. Still, the latest reading signaled accelerating growth, supported by higher demand and new business, although the pace of expansion was still the second-slowest in nearly four-and-a-half years amid challenging market conditions. Meanwhile, new export orders rose solidly at a similar rate to July. Employment rose further, with job creation reaching its strongest pace in 15 months. On the price front, input price inflation accelerated slightly due to higher spending on digital platforms, electricity, inputs, labor, marketing, and regulatory requirements. Meanwhile, output inflation also accelerated to a five-month high as firms continued to pass on higher operating costs to customers. Lastly, business sentiment was broadly unchanged and remained below its long-run average. source: S&P Global
Services PMI in India increased to 54.10 points in August from 53.30 points in July of 2026. Services PMI in India averaged 53.07 points from 2012 until 2026, reaching an all time high of 62.90 points in August of 2025 and a record low of 5.40 points in April of 2020. This page provides the latest reported value for - India Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Services PMI in India increased to 54.10 points in August from 53.30 points in July of 2026. Services PMI in India is expected to be 54.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Services PMI is projected to trend around 58.40 points in 2027 and 56.00 points in 2028, according to our econometric models.