New Delhi, July 3 -- India's services sector and broader private sector posted strong growth in June, driven by rising domestic and international demand, job creation, and easing price pressures, according to the HSBC India Services PMI report.

The services sector saw business activity rise to a ten-month high, signaling a positive start to the new fiscal year. The seasonally adjusted Services PMI index rose to 60.4 in June from 58.8 in May, marking the highest level since August 2024.

The improvement was supported by robust domestic demand, a notable increase in export orders, and a healthy rise in new business.

Pranjul Bhandari, Chief India Economist at HSBC, said, "The Services PMI business activity index was up to a ten-month high,...