Archive · 5 Jun 2025
India’s Services Sector Shows Strong Growth in May Amidst Global Concerns
India's services sector, which includes businesses like finance and transport, is doing well!
In May, it grew, with more business activity, new hires, and a lot of export orders.
Companies are hiring more people than ever before, but this is making things more expensive.
Also, the stock market went up, but the rupee (India's money) fell a little bit compared to the US dollar due to concerns about the global economy and the Russia-Ukraine conflict.
India's services sector continued to grow in May, reaching a three-month high.
The HSBC India Services PMI Business Activity Index was 58.8 in May, up from 58.7 in April.
Export orders increased significantly, showing the strongest improvement in nearly two decades.
Employment increased at the fastest rate ever recorded by the survey.
The Rupee fell to 85.90 against the US dollar on Wednesday.
- Who
- HSBC, S&P Global, and Reserve Bank of India (RBI)
- What
- India’s services sector maintained robust growth in May.
- When
- May 2025
- Where
- India
- Why
- Driven by strong demand, effective advertising, repeat business, and a surge in export orders.
- HSBC India Services PMI (May)
- 58.8
- HSBC India Services PMI (April)
- 58.7
- Export Orders
- Strong
- Employment Index
- Record High
- Rupee Value (Against USD)
- 85.90
Sources
Global growth set to slow further in 2025; India bucks the trend, says OECD
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India’s services sector maintains strong momentum in May; job creation hits record high
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Rupee falls 25 paise to 85.86 against U.S. dollar in early trade
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'Trade impact of US tariffs likely soon': OECD's Alvaro Santos Pereira
Strong export orders drive May services PMI to three-month high of 58.8
Rupee falls 25 paise to 85.86 against US dollar in early trade
Rupee drops 29 paise to close at 85.90 against US dollar amid risk-off mood, FII outflows
Chetan Ahya expects two RBI rate cuts ahead, continued dollar weakness
