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Service sector News

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.

11 Aug 2017

India one of the most open economies globally for FDI: Survey

The mid-year Survey of the economy described foreign direct investment (FDI) as an enabler of economic growth since it enhances productivity by bringing capital, skills and technology to the host country.

13 Apr 2017

Service tax to move up from 15% to 18% under GST: Hasmukh Adhia

Services sector is likely to attract a higher tax rate of 18 percent from the current 15 percent under the Goods and Services Tax (GST) regime.

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.

05 Apr 2016

Germany should boost services sector: OECD

Germany must beef up its services sector if its economic backbone of manufacturing is not to weaken, the Organisation for Economic Co-operation and Development (OECD) said in a report Tuesday.

Ecconomic slowdown

18 Mar 2016

China to open up finance, education, culture sectors for FDI

Facing economic slowdown, China will open up service sectors such as education, finance and culture for FDI to remain an attractive destination for overseas investment.

11 Jun 2015

IATA talks to consumer forums on transparent laws

"Looking at the nature of some of the regulations being produced, it seems that some governments are ignoring basic commercial principles. They are producing regulations that do not address the root causes of many travel disruptions. In light of this, IATA and the airlines need to contribute a new perspective to the conversation on consumer protection," he said.

13 Feb 2015

Service exports rise 11% to $14.3 bn in Dec 2014

India's service exports rose 11 percent to USD 14.3 billion in December 2014 over the same month a year ago.

26 Oct 2014

Services sector FDI dips 9% to $1.08 bn in April-Aug

Foreign direct investment in the services sector dipped by 9 percent to USD 1.08 billion during the April-August period of the ongoing fiscal.

23 Sep 2014

China Sept factory activity edges up on stronger orders but employment shrinks

The HSBC/Markit Flash China Purchasing Managers` Index (PMI) rose to 50.5 in September from August`s final reading of 50.2.

21 Sep 2014

Services sector FDI up marginally in April-July

Foreign direct investment in the services sector rose marginally to USD 1.03 billion during the April-July period of the ongoing fiscal, according to the Department of Industrial Policy and Promotion data.

03 Sep 2014

Service sector activity slowed in August as order flows moderated

The service sector activity in the country moderated in August, indicating a need for improvement in reform momentum to lift sentiment in the sector, an HSBC survey said on Wednesday.

07 Jul 2014

India's manufacturing, services growth outpaced China in June: HSBC

The HSBC Emerging Markets Index (EMI), a monthly indicator derived from Purchasing Managers' Index surveys, stood at 52.3 in June, up from 50.6 in May, signalling the sharpest rate of expansion since March 2013.

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