India’s services growth hits 15-year high in August

India’s services sector grew at its fastest pace in over 15 years in August 2025, with the HSBC India Services PMI Business Activity Index rising to 62.9 from July’s 60.5, as per a new survey on Wednesday.

“India’s services PMI Business Activity Index reached a fifteen-year high last month, from 60.5 in July to 62.9 in August, on the back of surging new orders. The broad-based expansion in international sales bolstered overall demand, which prompted Indian services firms to hire additional workers.” Pranjul Bhandari, Chief India Economist at HSBC, said.

The upturn was supported by strong demand, efficiency gains, and higher inflows of new business, marking the steepest pace of growth since June 2010.

New orders increased for the forty-ninth consecutive month, reaching their highest level since 2008. Around 37 per cent of service providers reported growth, more than three times the 11 per cent that saw a decline.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser