Tag
Services
6 articles
India’s service sector expansion is moderating after a strong start to the year, as indicated by recent HSBC Flash PMIs, signaling a potential shift in growth momentum. While credit growth remains robust, particularly in the industrial and services sectors, fueled by demand across various industries and personal loans, rising raw material expenses are impacting profitability for manufacturers. This dynamic, alongside a slowdown in new orders and employment expansion within the service sector, suggests that businesses may face increased headwinds in the coming months, requiring careful monitoring of cost management and demand resilience.
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New export orders grew at the fastest pace in three months
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The disclosure is made pursuant to Regulation 30 of SEBI (LODR) Regulations, 20
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HSBC Flash India PMI Slows to 57.4 in June
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New orders growth slowed to a three-month low while employment expansion reached its
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Manufacturing sales rose 14.5% YoY, driven by automobiles, electrical machinery
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New business growth accelerated to a six-month high, driven by freight, digital,