India’s Services Sector Maintains Steady Growth in May Amid Strong Demand
India’s services sector maintained steady growth in May 2025, supported by strong demand and record hiring, according to the latest HSBC India Services PMI report. The Purchasing Managers’ Index (PMI) for services stood at 58.8, slightly up from 58.7 in April, marking 46 consecutive months of expansion. The 50-mark separates growth from contraction, and India’s…
