Tag: service sector

Merchandise exports up 9%, but deficit widens on surging imports

Merchandise exports up 9%, but deficit widens on surging imports

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India’s merchandise exports grew 9% to $38.49 billion in April 2025, while imports outpaced this considerably by growing 19.1% to $64.91 billion. | Photo Credit: K.K. Mustafah India’s merchandise trade started the financial year on a relatively poor footing, with the trade deficit in goods widening to $26.4 billion in April this year, as compared […]

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Services sector buoyant in November, overseas orders rise first time since COVID-19 onset 

Services sector buoyant in November, overseas orders rise first time since COVID-19 onset 

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Photo used for representational purpose only. | Photo Credit: The Hindu Businessline India’s services sector continued to rebound in November, recording the fastest output growth in three months, with new orders accruing at the highest pace since August, as per the S&P Global India Services Purchase Managers’ Index (PMI) which rose to 56.4 from 55.1 in October. A reading of […]

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Data | Indian manufacturers on recovery path, yet urban consumers lack confidence

Data | Indian manufacturers on recovery path, yet urban consumers lack confidence

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Manufacturing, service and infrastructure sectors are on the recovery path, but consumer confidence about the economy is yet to reach pre-COVID levels Manufacturing, service and infrastructure sectors are on the recovery path, but consumer confidence about the economy is yet to reach pre-COVID levels The share of urban consumers pessimistic about the Indian economy continued […]

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Bright growth prospects driving high imports, financing them a top priority: Finance Ministry

Bright growth prospects driving high imports, financing them a top priority: Finance Ministry

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Economy poised to grow 7.2% even if next 3 quarters clock just 5.4% average growth, says Finance Ministry Economy poised to grow 7.2% even if next 3 quarters clock just 5.4% average growth, says Finance Ministry India’s growth has been robust and inflation in control, even as the world’s major economies are afflicted by slowing […]

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Services sector bounces back in August, creates most jobs in 14 years

Services sector bounces back in August, creates most jobs in 14 years

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Business sentiment in India recovers to best level since May 2018, as per S&P Global India Services PMI  Business sentiment in India recovers to best level since May 2018, as per S&P Global India Services PMI  India’s services sector rebounded in August from a four-month low in July and created the highest jobs in 14 […]

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Service sector expansion maximum in 11 years

Service sector expansion maximum in 11 years

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May marked the 23rd successive month to report rising input prices, led by higher food, fuel, labour, material, retail and transportation costs. May marked the 23rd successive month to report rising input prices, led by higher food, fuel, labour, material, retail and transportation costs. Services sector recorded the best expansion in activity this May in […]

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