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2025.08.2105:18:43UTC+00India Services PMI Hits Record High

The HSBC India Services PMI surged to 65.6 in August 2025, up from 60.5 in July, according to a preliminary estimate. This increase represents the highest level ever recorded, indicating a notably vigorous expansion within the services sector. The notable growth was primarily fueled by a significant uptick in new business orders, both domestically and for exports, underscoring robust demand conditions. In response to the increased workload, companies expanded their workforce. On the pricing front, the rise in overall input costs was driven by higher wages, particularly within service-oriented firms, and increased raw material expenses. Consequently, companies raised their prices in light of strong demand. Additionally, service providers showed heightened confidence regarding future activities.

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