Services Sector News

India's services sector growth saw a slight acceleration in August, with firms increasing hiring at the fastest rate in over a year, despite overall activity re

India's GDP grew by an impressive 7.8% in the first quarter, driven by strong domestic demand, a thriving services sector, and increased investment activity, so

According to RBI data, bank credit to industry increased by 20 percent in July, with agriculture advances growing even faster, and non-food bank credit seeing a

India's GDP grew by 7.8% in Q1, a slower rate than the previous quarter but an improvement compared to the same period last year, driven by manufacturing and va

India has the potential to become a $20 trillion economy by 2036 through reforms, with the services sector expected to contribute over 65% of the GDP. A 20-step

India's services sector growth reached a four-and-a-half-year low in July, as indicated by the PMI, due to weak demand, with business activity rising at its wea

The RBI Bulletin states that the Indian economy has effectively managed external uncertainties, with firm industrial and services sector indicators, despite an

India's current account deficit is projected to widen to 1.5% of GDP by fiscal year 2027, primarily due to higher crude oil and commodity prices. This widening

The Index of Services Production (ISP) is a new monthly indicator designed to track changes in output across India's formal services sector, providing a fresh t

The Indian government is set to launch a new monthly Index of Services Production to measure activity across the services sector, which contributes over half of