FX.co ★ India Services PMI Revised Upward to 11-Month High

The HSBC India Services PMI for July 2025 has been adjusted upwards to 60.5, exceeding the preliminary estimate of 59.8 and marginally surpassing June's figure of 60.4. This represents the most rapid growth in the services sector since August of the previous year, fueled by robust increases in new orders, foreign sales, and production output. Although the sector saw a rise in employment, job creation was relatively modest and marked the slowest pace in the past 15 months. In terms of pricing, both input and output prices accelerated at a quicker rate compared to June. Business sentiment remained positive, bolstered by improvements in efficiency, strategic marketing initiatives, technological advancements, and an expanding online presence.