Economy #services sector#india
India's Services Sector Growth Slows to 17-Month Low as Hiring Stalls, Demand Weakens
India's services sector growth slowed to a 17-month low in June, with the HSBC Services PMI falling to 57.4 from 59.8. Hiring activity nearly stalled, domestic demand softened, but export orders remained robust. The broader composite PMI also declined to 57.1, reflecting weaker private sector momentum.
Jul 8, 2026 1 source