Which one among the following financial institutions reports the monthly Purchasing Managers' Index (PMI) for services in India?

The Purchasing Managers' Index (PMI) for services in India is a monthly indicator of economic health derived from surveys of private sector companies [1]. While the data is compiled by S&P Global (formerly Markit Economics), it is currently reported and branded in partnership with HSBC [1]. The HSBC India Services PMI tracks variables such as sales, employment, and inventories across approximately 350 to 400 private service sector companies [1]. A reading above 50 indicates expansion, while below 50 indicates contraction [1]. Historically, this index has been associated with different financial sponsors, such as Nikkei in previous years, but recent reports and economic data confirm HSBC as the current reporting institution for both manufacturing and services PMI in India [1]. The Reserve Bank of India (RBI) focuses on other reports like the Monetary Policy Report and Financial Stability Report.

Sources

1. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 12: Indian Industry > PURCHASING MANAGERS' INDEX (PMI) > p. 387