Services' share in India’s GVA increased from 48% to 57% in 8 years without being the primary focus. Imagine what the sector can do if Modi govt sets its eyes on it.
Survey report cites improved performance in sectors like tourism, hotels, real estate, IT-BPM and e-commerce. Anticipates improvement in India’s services exports.
Services sector shows buoyant recovery but manufacturing estimated to decelerate due to weak external demand. Moderation in commodity prices could provide some support to the sector.
Manufactured goods are ever-shrinking slice of pie, & high exchange rate from surplus in service trade keeps Indian products pricey in export markets, despite low labour costs.
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.
The seasonally adjusted India Services Business Activity Index rose from 41.2 in June to 45.4 in July but was stuck in contraction due to subdued demand conditions amid Covid crisis.
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.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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