Summary:

In April 2026, India's services sector grew at its quickest rate in five months due to robust logistics activity, growing new business inflows, and strong domestic demand. The Business Activity Index increased to 58.8 in April from 57.5 in March, the highest growth since November 2025, according to the HSBC India Services PMI. Expansion is indicated by a PMI greater than 50. Competitive pricing, robust customer demand, and increased need for logistics and relocation services all contributed to growth. As a result of strong consumption and better domestic conditions, new orders also rose. However, supply-chain issues and geopolitical tensions caused export demand to decline. Businesses hired more workers, but input costs remained high because of labor, fuel, and transportation constraints.

Source: IBEF

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