GENERAL3 Sept 2026
India services activity expands in August, pace of growth cools to over 4-year low: PMI
India’s services activity expanded faster in August. The Purchasing Managers’ Index (PMI) rose to 54.1 from July’s 53.3, helped by stronger output and fresh orders. Even so, the growth pace was among the weakest in over four years, with firms flagging subdued bookings, stiff competition and less transport work. Hiring hit a 15-month high. Companies raised prices at the fastest clip since March.
Key Statutory Highlights
- The HSBC India Services PMI Business Activity Index rose to 54.1 in August from 53.3 in July.
- The reading was the second-weakest pace of growth since March 2022.
- Services firms added jobs at the fastest pace in 15 months while price increases stayed modest.
Actionable Advice for Taxpayers / Founders:If you run a services-based business, keep an eye on demand and operating costs—competition and reduced transport activity are still holding back growth.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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