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India service sector growth hit 15-year high in August but inflation intensifies, PMI shows

  • India's services sector experienced its strongest growth in 15 years in August, driven by demand and new orders, according to a business survey reported by Reuters.
  • The HSBC India Services Purchasing Managers' Index increased to 62.9 in August, indicating strong expansion.
  • Business confidence rose to a three-month high, supported by expectations of strong demand, although employment growth remained modest, indicating cautious hiring.
  • The Composite PMI, which includes services and manufacturing, reached 63.2 in August, the highest in 17 years, despite challenges like rising inflation risks.
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  • 43% of the sources are Center, 43% of the sources lean Right
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Reuters broke the news in United Kingdom on Wednesday, September 3, 2025.
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