India's service activity eased to 60.3 in July compared with 60.5 in the previous month, according to the results of a private survey released on August 5.

The HSBC India Services Business Activity Index has stayed above 60 since the start of the year.

Manufacturing had eased slightly to 58.1 in July compared with 58.3 in the previous month, on account of higher inflation and easing of domestic orders.

In the case of services, experts have helped maintain momentum.

Service exports were 5 percent higher in FY24 at $341.1 billion, even as goods exports had slumped in the previous fiscal. The government has been trageting a further rise in services exports to $1 trillion by the end of the decade, with the trade in services almost half of total exports.

India's service activity is expected to help keep growth momentum going in FY25, as the country targets over 7 percent growth for a fourth consecutive year.