India’s Services Sector Experiences Slight Slowdown

India’s Services Sector Experiences Slight Slowdown

Context: India’s services sector growth, as per HSBC India Services Purchasing Managers’ Index (PMI), eased to a five-month low in May due to stiff competition, price pressures, and a severe heatwave.

• It is compiled by S&P Global (earlier by IHS Markit). The PMI is an investor sentiment tracking index.
• Despite the decline, the PMI remained above the 50-mark threshold, indicating continued expansion.
• New international orders have surged due to rising sales, productivity gains, and robust demand.
• The HSBC India Composite PMI Output Index, which measures aggregate output across both manufacturing and service sectors, also declined to 60.5 in May from 61.5 in April.
• The service PMI serves as a crucial economic health indicator.

DICS Branches

Our Branches

DICS Ahmedabad


(Head Office)

Address : 506, 3rd EYE THREE (III), Opp. Induben Khakhrawala, Girish Cold Drink Cross Road, CG Road, Navrangpura, Ahmedabad, 380009.

Mobile : 8469231587 / 9586028957

Telephone : 079-40098991



Address: A-306, The Landmark, Urjanagar-1, Opp. Spicy Street, Kudasan – Por Road, Kudasan, Gandhinagar – 382421

Mobile : 9723832444 / 9723932444


DICS Vadodara


Address: 2nd Floor, 9 Shivali Society, L&T Circle, opp. Ratri Bazar, Karelibaugh, Vadodara, 390018

Mobile : 9725692037 / 9725692054


DICS Surat


Address: 403, Raj Victoria, Opp. Pal Walkway, Near Galaxy Circle, Pal, Surat-394510

Mobile : 8401031583 / 8401031587


DICS New Delhi

New Delhi(In Association with Edge IAS)

Address: 57/17, 2nd Floor, Old Rajinder Nagar Market, Bada Bazaar Marg, Delhi-60

Mobile : 9104830862 / 9104830865