The HSBC India Services PMI increased to 60.7 in June 2025 from 58.8 in May, according to preliminary estimates. This marked the fastest expansion since last August, as output and new orders continued to rise, despite a slowdown in foreign sales growth. Employment also continued to increase, although it weakened slightly on a sequential basis from May to June. On prices, input and output price inflation eased despite firms hiking their fees in response to greater expenses. Finally, business sentiment weakened.