FX.co ★ India’s Services Sector Growth Accelerates Modestly in April, HSBC India Services PMI Rises to 57.9

India’s services economy maintained its expansionary momentum in April 2026, with the HSBC India Services Purchasing Managers’ Index (PMI) edging up to 57.9 from 57.5 in March 2026.

The latest reading, updated on 23 April 2026, points to a modest acceleration in activity across the country’s dominant services sector, remaining comfortably above the 50-point threshold that separates expansion from contraction. The slight uptick suggests continued resilience in services, which play a key role in supporting India’s overall economic performance.

The improvement from March to April indicates that business conditions in services continued to strengthen, albeit at a measured pace, as companies navigated the post-March environment with stable growth in demand and activity levels implied by the higher PMI print.