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Services sector News

05 Apr 2018

Services PMI back on growth track in Mar; job-creation at 7-year high

The index slipped below the 50-point mark, that separates expansion from contraction, in February.

Services sector

04 May 2017

India's services sector grows for 3rd month in April, headwinds remain

Services sector grew for the third straight month in April but the pace of growth moderated amid slower rise in new business and employment, a monthly survey said on Thursday.

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 manufacturing growth

01 Jul 2016

India's manufacturing growth scales 3-month high, headwinds remain

Manufacturing in India registered a significant uptrend and hit a three-month high in June, backed by a stronger increase in new business orders, while subdued inflationary pressure may prompt RBI to reduce key policy rate, a monthly survey said.

15 Sep 2015

Services exports marginally up at $13.38 bn in July

Services exports grew marginally to USD 13.38 billion in July this year compared with USD 13.34 billion in the corresponding period last year.

Services exports

15 Jul 2015

Services exports fall nearly 9% to $11.87 billion in May

Services exports declined by 9 percent to USD 11.87 billion in May this year compared to the previous month.

15 Jun 2015

Services exports fall 4.5% to $13.01 bn in Apr

Services export in 2014-15 fiscal stood at USD 167.01 billion, down 4 percent from the year-ago period while imports were at USD 88.19 billion, up 3.8 percent from 2013-14 fiscal.

FDI in services

14 Jun 2015

FDI in services sector up 46% in 2014-15

The services sector, which includes banking, insurance, outsourcing, R&D, courier and technology testing, had received foreign direct investment (FDI) worth USD 2.22 billion in 2013-14.

04 Mar 2015

Services growth soars to 8-month high: HSBC

The HSBC India Services Business Activity Index, which tracks changes in activity at Indian services companies on a monthly basis, rose to an eight-month high of 53.9 in February, as against 52.4 in the previous month.

HSBC Services Purchasing Managers` Index

04 Mar 2015

'Services growth at eight-month high in Februay'

The HSBC Services Purchasing Managers` Index, which surveys around 350 private companies and is compiled by Markit, rose to 53.9 in February from 52.4, its highest since June 2014. A reading above 50 indicates growth.

05 Feb 2015

India's services growth picks up pace in January

Growth among India`s services firms picked up pace in January as burgeoning order books boosted confidence, suggesting further expansion this month, a business survey showed on Wednesday.

04 Feb 2015

China services sector at six-month low, more stimulus expected

China`s services sector grew at the slowest pace in six months in January as growth in new business weakened, a private survey showed, raising expectations that policymakers may unveil more stimulus steps to avert a sharper slowdown in the world`s second-largest economy.

India investments

25 Jan 2015

FDI in services up 20% to $1.84 bn during April-November 2014

With the government taking steps to improve ease of doing business and attracting investments, FDI inflows into the services sector grew by 20 percent to USD 1.84 billion in the April-November period this fiscal.

21 Dec 2014

FDI in services sector dips 7.5% to $1.22 bn during April-September

The services sector contributes over 60 percent to India's GDP. In 2013-14, foreign investment in the sector fell to USD 2.2 billion from USD 4.83 billion in 2012-13.

05 Dec 2014

Andhra economy registers 6.94% growth in H1 FY15

Andhra Pradesh's economy grew 6.94 percent during the first half of the 2014-15 fiscal, which is more than the national average of 5.52 percent, according to an official release issued here Friday.

Private companies

26 Oct 2014

Private firms' sales growth moderated in FY13: Report

Sales of private companies in the non-financial segment moderated in 2012-13, registering 17.6 percent growth to Rs 2.01 lakh crore, as demand fell specifically from the services sector.

31 Aug 2014

Credit growth slows to 12.6% in July; corp demand falls to 10%

Increase in non-food credit was a tad lower than the 13 percent growth in the previous two months, according to the Reserve Bank data.

24 Aug 2014

FDI in services sector drops 22% during Apr-June

Foreign direct investment (FDI) in services sector declined about 22 percent year-on-year to USD 738 million during April-June period of the ongoing fiscal.

Economic Survey 2013-14

09 Jul 2014

Economic Survey 2013-14: India has second fastest growing services sector

India has the second fastest growing services sector in the world with a compound annual growth rate at 9 percent, just below China's 10.9 percent, during 2001 to 2012, the Economic Survey said Wednesday.

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