India’s services PMI expands for fourth month as new orders and exports strengthen

India’s services PMI expanded for the fourth consecutive month, supported by rising new orders, resilient domestic demand and improving export activity. Survey respondents reported easing input cost pressures, helping service providers maintain healthier operating margins. Analysts noted that corporate spending is gradually recovering across consulting, financial services and technology verticals. The PMI trajectory aligns with broader economic resilience, driven by consumption growth and strong business confidence. 

Market participants said stability in services is likely to support Q3 GDP momentum despite external uncertainties.