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Service sector growth News

India`s service industry

04 Jul 2018

Services PMI returns to growth in June, records sharpest expansion in a year

In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.

05 Sep 2017

India's service sector growth contracts for 2nd month in August on GST woes

The services sector had slipped into contraction in July as confusion caused by the GST rollout triggered a dip in new business orders.

India service sector

03 Aug 2017

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.

06 Apr 2017

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 sector

03 Mar 2017

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 private sector activity

04 May 2016

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.

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