New Delhi, Aug. 5 -- India's services sector continued to expand in July, although employment growth slowed to its weakest pace in 15 months, according to the HSBC India Services PMI released on Tuesday.

The seasonally adjusted HSBC India Services PMI Business Activity Index stood at 60.5 in July, slightly up from 60.4 in June. This signals a strong rise in output and marks the highest rate of expansion since August 2024.

HSBC report stated "At 60.5 in July, the seasonally adjusted HSBC India Services PMI(R) Business Activity Index - based on a single question asking how the level of business activity compares with the situation the month before - was little-changed from 60.4 in June and therefore signalled another sharp increase in out...