The HSBC India Services PMI rose to 58.1 in September 2026 from a final 54.1 in August, according to preliminary data. This marked the fastest expansion in the services sector since June, driven by stronger output growth on the back of robust demand.
New orders increased, supported by intensified marketing efforts and firmer demand in real estate, transport services, and travel bookings. Additional growth in new business was underpinned by rising client interest in software and digital solutions.
New export orders also registered solid growth, although the pace was somewhat slower than before, while employment continued to expand.
On the pricing side, both input cost inflation and output charge inflation eased. Overall, business confidence strengthened.
