India's service sector has demonstrated a modest expansion in April 2025, according to the latest data from the S&P Global Services Purchasing Managers' Index (PMI). Released on 6th May 2025, the index revealed an increase to 58.7, a slight rise from the previous reading of 58.5 in the same month.
The uptick in the index suggests a continued positive sentiment and a steady demand within India's service sector, albeit marginal. This growth, marked by a 0.2 point increase, might signal resilience amidst varying economic pressures on a global scale.
As the sector navigates the fluctuating economic landscape, stakeholders remain hopeful for sustained improvement in the upcoming months. The PMI reading, resting comfortably above the 50.0 threshold, indicates an ongoing expansion of the service sector in India, providing an optimistic outlook for the country's economy.
