India's Services PMI Slows to 17-Month Low, Highlighting Weak Domestic Demand
June's HSBC Services PMI fell to 57.4, the weakest expansion in 17 months, as new orders slowed to a two‑and‑a‑half‑year low and hiring stagnated. Export demand stayed strong, but weaker home demand and rising input costs signal mounting pressure on India’s service‑driven growth.