India: Services Sector Growth Accelerates.

The HSBC India Services PMI increased to 57.9 in April 2026 from March’s 13-month low of 57.5, signaling continued solid expansion in the services sector, preliminary estimates showed. Output and new orders continued to rise, albeit marginally. However, foreign demand growth eased to the weakest uptick in just over a year, due to the Middle East war. Employment increased, with job creation rising at a faster pace. On prices, both input and output inflation slowed. Looking ahead, business sentiment weakened amid concerns over the Middle East conflict.