AI Data Insight
The latest India Services PMI (Q2 2026) recorded 57.4, a significant drop from the previous reading of 59.8, marking the slowest pace of expansion in 17 months. Although weak domestic demand and a pause in hiring activities dragged down overall performance, the growth rate of new export orders bucked the trend to hit a three-month high, indicating that external demand remains supportive. The easing of inflationary pressures in the future is expected to provide a buffer for corporate profit margins.