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 

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 […]

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

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

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 […]

Continue Reading
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

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 […]

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

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

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 […]

Continue Reading
Service sector expansion maximum in 11 years

Service sector expansion maximum in 11 years

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 […]

Continue Reading