India’s services sector has once again demonstrated its central role in the country’s economic dynamism, clocking its fastest growth in 10 months this June. A sharp rise in new business, supported by sustained domestic demand and healthy export orders, lifted the services PMI to 60.4 ~ a level that reflects not just expansion, but resilience in the face of global volatility. This resurgence tells a broader story. In a global environment marked by inflationary uncertainties, geopolitical tensions, and inconsistent recovery patterns, India’s economy appears to be decoupling in important ways. Services ~ traditionally India’s strength ~ are benefiting from an increasingly integrated domestic market and improved infrastructure that supports demand even in non-metro regions.

The fact that new export orders remain strong despite a slight moderation suggests that Indian firms are beginning to embed themselves more deeply in international service value........

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