India's Services PMI recorded **57.4** in June 2026, indicating continued strong growth, though slightly lower than May. This resilience offsets a manufacturing slowdown, maintaining overall economic expansion.
57.4
June Services PMI
May Services PMI: 58.9→57.4
India's crucial services sector continued its robust expansion in June 2026, with the HSBC Services Purchasing Managers’ Index (PMI) posting **57.4**. While this is a slight moderation from May's 58.9, it comfortably remains above the 50-point mark that separates growth from contraction, marking the 60th consecutive month of expansion. The Composite PMI, which blends manufacturing and services, eased to 57.1, reflecting a notable cooling in manufacturing activity. Strong domestic and international demand for Indian services, coupled with easing input cost inflation, underpinned this resilience. The data highlights the service sector's growing role in driving India's economic momentum, even as manufacturing faces recalibration.
💭 If you're wondering…
The Purchasing Managers' Index (PMI) is an economic indicator derived from monthly surveys of private sector companies. A reading above 50 indicates expansion, while a reading below 50 suggests contraction. It provides insights into economic trends in manufacturing and services.
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