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Sunday, August 2, 2026
TopicServices sector

Topic: services sector

India’s services exports touching $400 bn—a quiet engine offsetting trade deficit

In 2024-25, India exported $387.54 bn worth of services, against imports of $198.14 bn, earning all-time high surplus of $189.40 bn. This offset 2/3rd of goods trade deficit. 

Karnataka, Telangana, TN, Maharashtra power 40% of services output, pan-India growth uneven—NITI Aayog

Report on India's services sector examines state-level dynamics, maps disparities and suggests ways to tap into the sector’s potential.

NITI Aayog flags gender pay gap in services sector, women earn half of what men make in rural areas

Federal think tank report says gap persists across most sub-sectors, shaped by occupational segregation, limited access to high-paying positions, and skill mismatch.

India saw a resilient FY25, despite weak manufacturing. Keeping momentum will require reforms

GDP of Q4 of last fiscal grew at 7.4% year-on-year—fastest in a year & above expectations. Despite global headwinds, India is projected to grow at 6.3–6.4% in FY26.

India’s talent beckons US firms & Kunal Kamra row shows political comedy has ‘little room’ in India

Global media also looks at how an ‘experimental community’ near Mumbai is trying to slash its emissions to zero, and how UK is dumping its waste tyres in India.

Big GDP data revisions can impact policy-making. Method behind advance estimates needs improvement

The rebound in growth in December quarter was expected, owing to improvement in govt spending, festival-induced boost to consumption & a sharp increase in non-oil exports.

India mustn’t skip the manufacturing train. Services alone won’t tap into demographic dividend

Jobs, while they increased by 11.2 crore during the Modi years, are the Achilles’ heel of India’s development as labour participation remains low and the informal sector dominates.

Robust services growth, revival in consumption demand & strong capex fuelled 7.8% Q1 GDP growth

Manufacturing sector saw only marginal improvement in Q1. Consumption-based high-frequency indicators present mixed picture. Going ahead, export likely to remain drag on growth.

Amid inflationary pressure, Indian service sector activity rises to 13-year high, says survey

The rise has been attributed to a robust demand strength, new business intakes and pick-up in international sales.

Why Modi critics need not fear India’s stand on regional free trade arrangements, failure of PLI scheme

Two standard criticisms voiced by market-oriented commentators are that the Narendra Modi government has erred seriously in staying away from regional free trade arrangements,...

On Camera

The thrill of ‘down low’ wears off fast. Why do gay men even fall for it?

Being DL is not the same as being closeted, though there’s some overlap. A closeted man knows he is queer, but a DL one does his best to not acknowledge the Grindr logo on his phone.

Despite PM Modi’s appeal to cut fertiliser use, farmers show no sign of scaling back—Parliament data

Combined sales of urea, DAP, MOP and complex fertilisers rose 25 percent in April even as Modi asked farmers to cut chemical fertiliser use by up to half to save soil and foreign exchange

In Delhi, an emotional farewell to former Army chief Gen VN Sharma with full state honours

The three service chiefs paid tributes, along with several former Army chiefs. Friends & fellow soldiers remember him as a 'natural charmer'.

India’s Gen Z has opened a breach, for BJP to fill or Opposition to widen

The young people broke the self-imposed silence among the elite not to speak a word critical of the Modi government, except to whisper on the sidelines, looking left, right and behind.