Services growth hits 11-month high in July on stronger exports, PMI shows

Services growth hits 11-month high in July on stronger exports, PMI shows

The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global, inched up to 60.5 in July from 60.4 in June. (Image used for representation) | Photo Credit: Getty Images/iStockphoto Growth in the country’s services sector accelerated to an 11-month high in July, driven by strong international demand and sustained domestic sales, a survey […]

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India’s trade deficit narrows by 9.4% in Q1 on booming services exports

India’s trade deficit narrows by 9.4% in Q1 on booming services exports

India’s overall trade deficit contracted 9.4% in the first quarter of this financial year to $20.3 billion on the back of a nearly 11% growth in services exports during this period, according to official data. | Photo Credit: Getty Images/iStockphoto India’s overall trade deficit contracted 9.4% in the first quarter of this financial year to […]

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India’s trade deficit narrows by 9.4% in Q1 on booming services exports

Services exports cut India’s trade deficit by 9.4% in Q1

India’s overall trade deficit contracted 9.4% in the first quarter of this financial year to $20.3 billion on the back of a nearly 11% growth in services exports during this period, according to official data. | Photo Credit: Getty Images/iStockphoto India’s overall trade deficit contracted 9.4% to $20.3 billion in the first quarter of this […]

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