FX.co ★ India’s Services Activity Edges Higher in March, HSBC PMI Rises to 57.5

India’s services sector grew at a slightly faster pace in March, with the HSBC India Services Purchasing Managers’ Index (PMI) ticking up to 57.5 from 57.2 previously. The latest reading, covering March 2026, points to continued expansion in the country’s key services industries.

A PMI reading above 50 signals growth, and the marginal rise suggests that business activity remained on a solid footing through the month. The move from 57.2 to 57.5 indicates a modest strengthening in momentum, although no further details on the drivers of the increase were provided.

The updated data, released on 6 April 2026, confirm that India’s services sector maintained a positive trajectory into the end of the first quarter, with the March 2026 print slightly outpacing the prior month’s performance.