📈 India’s Services Sector Hits a 10-Month High!

The latest Purchasing Managers’ Index (PMI) for India’s services sector soared to 60 in June, signaling robust expansion and a strong rebound in domestic demand.

🔍 What is PMI?

The PMI is a survey-based economic indicator that reflects the health of a sector:

Above 50 ➝ Expansion

Below 50 ➝ Contraction

At 50 ➝ No change

A reading of 60 reflects accelerated growth—driven by new orders, price stability, and employment expansion.

💼 Why this matters:

The services sector is a job multiplier. Increased demand here translates into broader opportunities across tourism, hospitality, IT, logistics, and more—driving inclusive economic growth and employment generation.

💡 The surge in domestic demand shows rising consumer confidence and the resilience of India’s post-pandemic recovery.

This momentum in services reflects a healthy macroeconomic outlook—but sustaining it will depend on continued policy support, investment in skilling, and ease of doing business in the services space.

#IndiaEconomy #PMI #ServicesSector #EconomicGrowth #DomesticDemand #JobCreation #PurchasingManagersIndex #MarketTrends #BusinessGrowth #Employment #ConsumerConfidence #IndiaGrowthStory #EconomicResilience #MakeInIndia #SkillIndia