India’s services sector continued its strong performance in July, though growth slightly slowed from June. The HSBC India Services Business Activity Index was at 60.3, down from 60.5 the previous month, indicating expansion. Robust domestic demand and investment in technology supported this growth. New export orders grew significantly, with notable increases from countries like the US and China. Despite rising costs, including higher wages and material prices, services firms are optimistic about future growth. The Composite Output Index was 60.7, maintaining expansion. Investors should note ongoing robust demand and increased hiring in the sector.
India Services Sector Growth Slows Slightly in July
