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India’s services sector growth hits 11-month high in July

Published 05/08/2025, 07:38
India’s services sector growth hits 11-month high in July

Investing.com -- India’s services sector growth accelerated to an 11-month high in July, according to a survey released Tuesday.

The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 60.5 in July from 60.4 in June.

This result exceeded the preliminary estimate that had indicated a decline to 59.8.

The stronger performance was attributed to robust international demand and continued strength in domestic sales, the survey showed.

A reading above 50 on the PMI indicates expansion in the sector, with July’s figure representing significant growth in India’s services industry.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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