Wednesday, January 07, 2026

Business

India's service sector growth remains ‘strong’, HSBC PMI at 58: Report

IANS | January 06, 2026 01:26 PM

NEW DELHI: "India's service sector maintained a strong performance in December, " even as HSBC India Services PMI Business Activity Index eased to 58 from 59.8 in November, 2025, said a report on Tuesday.

The index stayed well above the neutral level, as growth continued to be robust. A reading above 50 indicates economic expansion. The December figure was also well above the long-run reading of 55.

The report compiled by S&P Global said the rate of expansion in incoming new work and output eased compared to activity in the last 11 months as firms held back on hiring.

New work and export orders rose at abovetrend rates with gains noted from Asia, North America, the Middle East and the UK.

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