The HSBC India Services PMI Business Activity Index rose to a 10-month high of 60.4 in June, attributing this growth to positive demand trends and sales improvements.
The HSBC India Composite PMI Output Index also increased from 59.3 in May to 61.0, indicating the fastest rate of expansion in 14 months.
New orders expanded notably, with service companies benefiting from strength in the domestic market and increased new export business from Asian, Middle Eastern, and US markets.
Employment in the Indian service sector rose for the thirty-seventh consecutive month in June, with input cost inflation easing and outlook optimism sustained, although confidence levels slightly fell.