Service sector growth hit 15-year high in August, but inflation intensifies, PMI shows

Service sector growth hit 15-year high in August, but inflation intensifies, PMI shows

India’s services PMI Business Activity Index reached a fifteen-year high last month … on the back of surging new orders. (Image used for representation) | Photo Credit: Getty Images/iStockphoto India’s services sector growth accelerated to a 15-year high in August on robust demand, which also pushed prices higher at the fastest rate in over a […]

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India’s trade deficit widens to .65 billion in April, services to the rescue again

India’s trade deficit widens to $8.65 billion in April, services to the rescue again

India’s total trade deficit, counting both merchandise and services, widened to $8.65 billion in April, compared to $5.77 billion in April last year, according to the latest data from the Ministry of Commerce and Industry.  | Photo Credit: Getty Images/iStockphoto India’s total trade deficit, counting both merchandise and services, widened to $8.65 billion in April, […]

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India’s trade deficit widens to .65 billion in April, services to the rescue again

India’s trade deficit widens to $8.65 billion in April, services to the rescue again

India’s total trade deficit, counting both merchandise and services, widened to $8.65 billion in April, compared to $5.77 billion in April last year, according to the latest data from the Ministry of Commerce and Industry.  | Photo Credit: Getty Images/iStockphoto India’s total trade deficit, counting both merchandise and services, widened to $8.65 billion in April, […]

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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 […]

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