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India’s Services Sector Hits 10-Month High in June on Soaring Demand and Export Orders

India’s services economy surged to a 10-month high in June, signaling robust economic momentum and growing opportunities in logistics and trade. Fueled by strong domestic demand and record-breaking international orders, the HSBC Services PMI rose to 60.4, up from 58.8 in May, according to the latest S&P Global survey.
This comes on the heels of manufacturing PMI hitting a 14-month high at 58.4, pointing to a synchronized growth across both major sectors of the economy.

Key Highlights

Why This Matters for Logistics & Trade

Expert Take

“The services PMI was up to a ten-month high, led by a sharp rise in new domestic orders. Margins improved, as the rise in input costs was below that seen for output charges,” said Pranjul Bhandari, Chief Economist at HSBC India.
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