India's services sector recorded its fastest expansion in six months, driven by robust domestic demand, while easing input cost inflation provided relief to service providers.
Services PMI jumps to 59.8 in May
Jun 03, 2026
02:04 pm
What's the storyIndia's services sector has witnessed its fastest growth in six months, largely due to a surge in domestic demand. The growth was particularly strong in e-commerce, entertainment, and IT industries.
The HSBC India Services Purchasing Managers' Index (PMI), compiled by S&P Global, jumped to 59.8 in May from April's 58.8.
India's services sector expanded at its fastest pace in six months in May, driven by a surge in domestic demand, particularly in…
India's services sector reaches a six-month growth high in May, driven by strong demand and easing cost pressures.
India's services PMI surged to 59.8 in May, signaling strong demand and business expansion, according to S&P Global.
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China's services sector experienced its fastest growth in three months during May, driven by robust domestic demand and a rebound…
India's manufacturing sector growth reaches a three-month high in May, fueled by strong domestic demand and new business gains.
