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India's services sector contracts to 4-year low in July, post GST

India's services sector contracts to 4-year low in July, post GST

Activity in India`s dominant service sector contracted at the sharpest rate in nearly four years in July after a new tax policy sowed confusion and sent new orders into free fall.

India's service sector growth at 5-month high on new orders

India's service sector growth at 5-month high on new orders

The Nikkei India Services Purchasing Managers' Index (PMI), which tracks services sector output on a monthly basis, rose from 50.3 in February to 51.5 in March.

Services PMI returns to growth after 3 months of contraction

Services PMI returns to growth after 3 months of contraction

The services sector rebounded in February -- for the first time since October -- as businesses recovered from the demonetisation-led disruptions seen in the previous three months, a monthly survey showed today.

India's services sector growth softens in April

India's services sector growth softens in April

Private sector activity in the country eased in April amid slower expansion in new business inflows in services sector while order books at manufacturers also broadly stagnated, adding to the clamour for further interest rate cuts by Reserve Bank.

Emerging markets' output growth slows in December: HSBC

Business activity in emerging markets expanded at a lower rate in December, hit particularly by a slowdown in service sector growth, a survey showed on Tuesday.

Indian services growth slowed to 13 month low in Nov: HSBC

The index has witnessed significant decline in the last two months after registering the fastest pace of growth in in September.

Service sector growth slows to 6-month low in October

India's services sector slowed in October - registering the slowest pace of growth since April - amid decline in new orders and hiring levels, an HSBC survey said.