Indian 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.
FM Sitharaman will hold consultations with representatives of services and trade sector and with experts from industry, infrastructure and climate change.
Indian 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.
The 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.
The 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.
The seasonally adjusted Nikkei India Services Business Activity Index rose to 52.2 in October, from 50.9 in September.
On the price front, India’s service sector firms continued to face higher cost burdens during March, the survey noted.
President Pranab Mukherjee on Monday said India's services sector has been a key growth driver of its economy.
The 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
New 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
Indore: 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
New 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
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