Service Sector
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India's services sector growth hits six month high in December 2022 | DETAILS
Business | Jan 04, 2023, 12:27 PM ISTIndian service sector growth: "December saw a welcome expansion in Indian services activity, underscoring the resilience of demand as 2022 came to an end," said Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence.
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Nirmala Sitharaman to hold pre-budget consultations with representatives from service, trade sector
Business | Dec 17, 2021, 08:42 AM ISTFM Sitharaman will hold consultations with representatives of services and trade sector and with experts from industry, infrastructure and climate change.
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Indian services sector registers growth in Oct for first time since Feb: PMI
Business | Nov 04, 2020, 11:44 AM ISTIndian service sector activity ended the seven-month sequence of decline and registered growth in October, supported by improved market conditions amid easing COVID-19 restrictions, a monthly survey said on Wednesday.
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Lockdown pulls India's service sector activity to standstill in Apr; PMI hits record low
Business | May 06, 2020, 12:38 PM ISTThe IHS Markit India Services Business Activity Index stood at 5.4 in April, an extreme decline from 49.3 in March, and indicative of the most severe contraction in services output since records began in December 2005.
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India's services sector growth hits seven-year high in Feb: PMI
Business | Mar 04, 2020, 05:08 PM ISTThe IHS Markit India Services Business Activity Index rose from 55.5 in January to 57.5 in February. This is the fastest expansion in services output since January 2013. Service providers saw a marked increase in new work intakes during February, the second-fastest in over seven years.
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India services sector activity in October sees quickest growth since July: PMI
Business | Nov 05, 2018, 02:18 PM ISTThe seasonally adjusted Nikkei India Services Business Activity Index rose to 52.2 in October, from 50.9 in September.
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Job creation at 7-year high; services sector back on growth track in March
India | Apr 05, 2018, 02:20 PM ISTOn the price front, India’s service sector firms continued to face higher cost burdens during March, the survey noted.
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Services a key growth driver of Indian economy: President Mukherjee
Apr 18, 2017, 09:49 AM ISTPresident Pranab Mukherjee on Monday said India's services sector has been a key growth driver of its economy.
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Demonetisation effect? Service sector activity plunges after 16 months
Dec 05, 2016, 01:53 PM ISTThe huge cash crunch in the country has resulted in weakening of India's service sector this November, ending a 16-month sequence of expansion. The Nikkei India Services Business Activity Index sharply fell to 46.7 in
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FDI in services sector up 46% in FY15
Jun 15, 2015, 10:22 AM ISTNew Delhi: With the government taking steps to improve the ease of doing business and attract investments, foreign direct investment (FDI) inflows into the services sector grew by over 46 per cent to $3.25 billion
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Modi says, USD 100 bn foreign investments knocking at India's doors
Oct 09, 2014, 12:56 PM ISTIndore: Prime Minister Narendra Modi today said USD 100 billion worth of foreign investments is knocking at the doors of India and it is up to the states to lap up as much as they
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Service sector output drops in December for 6th month: HSBC
Jan 06, 2014, 03:57 PM ISTNew Delhi: India's services sector contracted further in December amid a decline in incoming new orders in tough economic conditions, an HSBC survey said Monday.The HSBC/Markit Purchasing Managers Index for the services industry fell to