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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 न्यूज़रूम Fri, 03 Jul 2026 09:10
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TOI BusinessIndia's services sector growth falls to 17-month low as hiring stalls, demand weakensThe Hindu BusinessLineIndia’s services sector growth hits 17-month low in June on softer domestic demand: PMI