New Delhi, June 3 -- Business activity in India's services sector continues to show resilience despite persistent input-cost pressures. The seasonally adjusted HSBC India Services PMI Business Activity Index rose from 58.8 in April to a six-month high of 59.8 in May. The improvement was driven largely by domestic demand, with new business orders increasing amid stronger demand for freight, digital solutions, e-commerce, entertainment and IT services.

New export orders also grew in May, albeit only marginally, after falling to a five-month low in April. Even so, the reading remained below the 2025 average. Survey respondents reported growth in international business from Australia, Canada, France, Germany, Hong Kong, Malaysia, the United ...