India's services sector continued to expand, but at a slower pace in May 2025. The Services PMI rose marginally to 58.8 from April's 58.7, according to the HSBC India Services PMI report released on Wednesday.
A business survey showed on Wednesday that India's dominant services sector growth was slowest in over two years in January amid cooling demand. However, it remained historically strong and led to a substantial rate of hiring.
The HSBC India Services PMI survey conducted by S&P Global showed that in a striking turnaround from the slowdown observed in November
To be organised by Rashtriya Sewa Bharti, the event with the theme "Self-reliant & Prosperous India" will be attended by over 4,000 representatives of more than 1,000 voluntary service organisations.
With services driving the economy, Union Commerce and Industry Minister Suresh Prabhu on Saturday advocated quality revolution in the lead…
India's service sector recovered last month due to a faster pace of new business generation and historically muted inflationary pressure,…
President Pranab Mukherjee on Monday said India's services sector has been a key growth driver of its economy. Inaugurating the…
