scorecardresearch
Wednesday, March 27, 2024
TopicServices sector

Topic: services sector

India’s services sector growth hits 6-month high due to robust demand, says survey

The S&P Global India services purchasing managers’ index (PMI) rose to 58.5 in December from 56.4 in the previous month.

Blue-collar blues — not too late to boost manufacturing exports, but strong rupee makes it tough

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.

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.

India’s services sector stuck in contraction for third straight month in July

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.

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.

India’s service sector nears recovery in September, but job losses widen

The Composite PMI Output Index, which measures combined services and manufacturing output, rose from 46.0 in August to 54.6 in September.

Service sector in India picks up after recording world’s lowest reading in April

The main services index rose to 12.6 in May after April's 5.4, data published by IHS Markit showed. The services sector accounts for more than half of India’s economy.

How badly has coronavirus hit India’s services sector? Q4 GDP data will tell us today

Businesses providing services of everything from technology to travel & trade were the first to be hit when govt announced the lockdown.

India’s services sector rebounds, offers glimmer of hope for economy

The improvement in the services PMI index in November was driven by higher orders and strengthening business confidence.

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.

On Camera

Sanjeev Sanyal says UPSC is poverty of aspiration. But it’s more about desperation

The most productive years of Indian youth gets wasted preparing for the UPSC. But they didn't create this system; the government did.

Why Tamil Nadu’s women make up nearly half of India’s female factory workforce

With an educated & skilled workforce, Tamil Nadu has a burgeoning industrial sector which has scored massive investments in automobiles, electronics, and even footwear.

BRO connects new axis to Ladakh, to be shortest route

The all-weather Nimmu-Padam-Darcha Road will connect Manali to Leh through Darcha and Nimmu on Kargil-Leh Highway.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.