FX.co ★ India Services Sector Growth Accelerates

The HSBC India Services PMI rose to 57.9 in April 2026, up from March’s 13‑month low of 57.5, indicating that the services sector continued to expand at a solid pace, according to preliminary estimates. Output and new orders both increased, though only slightly. Foreign demand, however, grew at its slowest rate in just over a year, reflecting the impact of the war in the Middle East. Employment continued to rise, with the pace of job creation accelerating. On the price front, both input cost and output charge inflation eased. Looking ahead, business confidence weakened amid ongoing concerns about the Middle East conflict.