Services Sector

Coronavirus Outbreak: How a prolonged shutdown will affect India’s salaried class, jobs, farm production, manufacturing

The government sector has been one of the drivers of the economy but will have to change track this year.

Service sector activity growth hits 7-year high in January; impact of rise in new business orders, favourable market conditions: PMI

The IHS Markit India Services Business Activity Index rose from 53.3 in December to 55.5 in January, signalling the strongest upturn in output in seven years.

Service sector can help Narendra Modi govt achieve target of $5 trillion GDP: Piyush Goyal

Piyush Goyal said services and manufacturing need to work together, as without services, manufacturing cannot succeed and without manufacturing, services cannot grow

India's services sector output growth at seven-month low in April on softer rise in new business: PMI

Nikkei India Services Business Activity Index, fell from 52 in March to 51 at the start of the 2019 financial year, pointing to the weakest upturn in output since last September

GST collections: Statistics belie potential but Narendra Modi govt's tax reform is still a work in progress

Indeed GST collections statistics belie the potential of GST i.e., what is in store for the nation from this historic makeover to the one-nation-one-tax eschewing the cascading effect.

India's services sector activity slows in Dec as work orders, business dealings moderate; employment rises

Despite easing marginally, the services PMI was in the expansion territory for the seventh straight month. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.

Services sector activity in November sees quickest growth since July on favourable market conditions: PMI

The services PMI was in the expansion territory for the sixth straight month.

Services sector expands at slower pace in September as higher fuel costs, stronger US dollar make imported goods expensive

Companies reported that market conditions were underwhelming amid a lack of demand at a time of generally higher prices

Narendra Modi speech on bank NPAs has hit the right target; bad loan menace is UPA-era product

What makes Narendra Modi’s remarks ominous for the nation is his assertion that during the 6-year period, loans were sanctioned through what he humorously calls phone banking---behest lending at its worst.

GDP at 2-year high of 8.2% in Q1: Economy is finally coming out of twin shocks, but there is a bumpy ride ahead

Q1 GDP figures offer a booster dose to economy but it alone won't tell the whole story