Services Boom Slows, Jobs Growth Falters: HSBC PMI Reveals

India’s services sector maintained its expansionary trajectory in July, as per the HSBC India Services PMI data released on Tuesday, August 5, 2025. However, the report revealed a significant slowdown in employment growth, marking its weakest performance in fifteen months.

The PMI, a key indicator of the health of the services sector, showed continued growth. This positive trend suggests sustained activity despite the economic headwinds.

Nevertheless, the considerable dip in job creation raises concerns. This deceleration could signal a potential shift in the sector’s growth dynamics.

Experts are now closely analyzing the data to understand the underlying factors contributing to this slowdown. The implications for India’s overall employment landscape warrant careful consideration.

This development holds significant implications for the government’s employment generation targets and its broader economic policies. The coming months will be crucial in determining whether this is a temporary blip or a more sustained trend.

Karanveer Sharma

A dedicated journalist and legal expert with a passion for uncovering the truth and advocating for justice. With hands-on experience in investigative journalism, legal research, and case analysis, I possess a strong ability to break down complex legal and societal issues into clear, impactful narratives. My work is driven by a commitment to transparency, integrity, and empowering people with accurate, insightful information.