India’s services PMI drops to 17-month low of 57.4 in June 2026 as demand softens
India's services PMI dropped to 57.4 in June, marking the slowest expansion in 17 months as domestic demand softened. Despite the cooling, export orders showed resilience, and price pressures eased due to reduced geopolitical disruptions.
Why it matters
This data provides critical insight into the health of India's economy and the impact of global geopolitical factors on local business costs.
Activity in India’s services sector eased to its lowest level in 17 months , according to a private sector survey, driven by the weakest growth in new order intakes in over two-and-a-half years.
The report is based on factual economic indicators and provides a balanced view of both the slowdown and the positive export trends.
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