India’s services sector maintains strong growth in May ’25 – PMI

India’s services sector continued to expand in May, with the seasonally adjusted HSBC India Services PMI Business Activity Index registering 58.8, broadly in line with April’s 58.7, S&P Global announced on Wednesday.

The latest reading signalled another strong rate of growth, supported by healthy demand, new client acquisitions, and increased staffing capacity.

New orders rose sharply, maintaining the momentum seen between February and April. Firms attributed the upturn in sales to advertising efforts, robust demand, and repeat business from existing clients.

International demand for Indian services saw a near-record improvement during the month. Faster increases in new export orders were previously recorded only in May and June 2024 over the survey’s 19-and-a-half-year history, with firms citing Asia, Europe, and North America as key sources of growth.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama