BENGALURU: India's dominant services sector grew at its fastest pace in six months in May on a pick-up in domestic demand, even though global orders stayed below last year's average and business confidence slipped for a second straight month, a survey showed.
HSBC's India Services Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 59.8 in May from April's 58.8, higher than a preliminary estimate of 58.9. A reading above 50.0 indicates growth. India's services PMI has stayed above that threshold since mid-2021.
New business - a key gauge of demand - rose to its highest since November 2025 due to e-commerce, entertainment and IT.
