India Services PMI Hits 11-Month High

  Published 8 months ago

India's services sector saw strong July growth, but hiring slowed and inflation pressures mounted amid robust output and new orders.

  • Services PMI rose to 60.5 in July, marking the sharpest output growth since August 2024.
  • Composite PMI climbed to 61.1, the fastest expansion since April 2024, driven by strong private sector demand.
  • Job creation slowed to a 15-month low, while input and output prices rose faster than in June.

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