Wednesday, 10 August, 2022
TopicServices sector

Topic: services sector

Services sector grows at fastest pace in over a decade, signals strong rebound

The services sector PMI rose to 58.4 in October from 55.2 in September — the third straight month of expansion as the economy shrugs off pandemic disruptions.

Like it or not, future of Indian economy will have to be built on services, not manufacturing

It’s time to acknowledge that India is not going to replicate the export orientation of the East Asian manufacturing story, or even that of Bangladesh.

Hiring in India dips as activity slows across most sectors

A survey done by Care Ratings Ltd. showed that banks, insurers, auto makers and logistics and infrastructure companies are among those hiring at a slower pace.

India’s services exports will soon beat merchandise exports. That’s nothing to celebrate

This would make the rupee stronger, further putting the manufacturing sector at a disadvantage. And that would mean lack of domestic jobs for millions of youth.

Services sector output drops to 7-month low in sign of weak growth

The PMI survey showed input costs and output charges remained weak by historical standards, keeping inflation below RBI's 4% medium-term target.

India’s services index expands at slowest pace in 3 months, signals cooling off in demand

RBI believes that companies are passing on higher input costs to consumers and fanning inflation, which is at its highest in nine months.

GST, bank recapitalisation & rising exports to boost economy: What the Economic Survey says

This year's Economic Survey has predicted higher growth but has also pointed out the challenges facing the economy.

On Camera

YourTurn

Representational image | Indian Navy/Facebook

Tale of two ships – How Delhi is asserting Indianness of the Indian Ocean to China

A US Navy ship docked in an Indian port for the first time. And a Chinese ship couldn’t in Sri Lanka. New Delhi is finally pulling strings.
Representational image | Rupixen/Unsplash

‘We are cracking down’— how Modi govt plans to make it tougher for states to fund freebies

The Narendra Modi government is looking at ways to check states’ spending on handouts like free electricity and rations. The first step is to tighten the noose on state borrowings.

Defence

Representational image | Indian Army soldiers during the Army Day Parade at Cariappa Parade Ground in New Delhi | ANI Photo

Army looks to reduce troops by 2 lakh, deployment in Kashmir could be rejigged

The Army, which faces a shortage of about 1.35 lakh personnel, is aiming to reduce its strength from 12.8 lakh to around 10.8 lakh.

In Kashmir 3 years on, 3 positive changes, 3 things that should’ve happened & 3 that got worse

Kashmir as a crisis has fallen off our headlines and from the top of our collective minds. Which is precisely the most important change for the better.
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