BAD BUSINESS

India’s services PMI drops to 17-month low of 57.4 in June 2026 as demand softens

The loss of momentum points to more challenging market conditions and weaker demand, particularly at home, says Pranjul Bhandari, Chief India Economist at HSBC

The Hindu · Business 3 newsrooms Fri, 03 Jul 2026 09:10

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Also reported by 2 other newsrooms

Times of IndiaIndia's services sector growth falls to 17-month low as hiring stalls, demand weakens The Hindu BusinessLineIndia’s services sector growth hits 17-month low in June on softer domestic demand: PMI