New Delhi, June 4 -- India's services sector continued to expand but at a slower phase in May 2025, with the Services PMI rising marginally to 58.8 from April's 58.7, according to the HSBC India Services PMI report released on Wednesday.

The index, which is based on a monthly survey of around 400 service companies, signals expansion when the reading is above 50 and contraction when it is below that mark.

It said "Registering 58.8 in May, the seasonally adjusted HSBC India Services PMI Business Activity Index, based on a single question asking how the level of business activity compares with the situation the month before, was broadly in line April's reading of 58.7 and therefore signaled another sharp rate of expansion".

The latest dat...