Thursday, Jun 08, 2023 | Last Update : 06:20 AM IST

service sector

India's services sector growth hits 6-month high in December on strong demand

As per the survey, new businesses received by Indian services firms increased for the seventeenth month in a row in December

04 Jan 2023 12:21 PM

Covid19 effect: Services sector activity reduces sharply in May

Employment continued to fall in response to weak demand and expectations of further challenging conditions

03 Jun 2020 2:02 PM

India's services sector growth hits seven-year high in Feb: PMI

Service providers saw a marked increase in new work intakes during February, the second-fastest in over seven years.

04 Mar 2020 11:46 AM

India's service sector activity growth hits 7-year high in Jan: PMI

The Composite PMI Output Index that maps both the manufacturing and services sector increased from 53.7 in December.

05 Feb 2020 12:01 PM

India's service sector activity growth hits 5-month high in Dec: PMI

The Composite PMI Output Index that maps both the manufacturing and services sector, rose from 52.7 in November to 53.7.

06 Jan 2020 11:27 AM


India's services industry returns to growth in November on strong demand: PMI

A sub-index tracking demand jumped to 53.2 from October’s 50.1, encouraging firms to accelerate hiring at the fastest pace in three months.

04 Dec 2019 7:51 PM

Jobs at risk as China’s services sector feels heat of trade war

The government has raised this year’s budget deficit to 2.8 per cent of GDP from 2.6 per cent in 2018.

14 Nov 2019 10:08 AM

India services growth eases in August on weaker demand: PMI

Both the manufacturing and services industry, fell from 53.9 in July to 52.6 in August.

04 Sep 2019 10:57 AM

India services activity reverses course, surges in July: PMI

The IHS Markit Services Purchasing Managers’ Index rose to a one year high of 53.8 in July, up from 49.6 in June.

05 Aug 2019 11:03 AM

Ficci urges FinMin to re-look into GST regime for consulting, service sector

At present, the Consulting community continues to be made liable for payment of GST on behalf of the employer.

28 Jun 2019 9:05 AM


FDI in services sector up 37 per cent in 2018-19

The overall FDI inflows declined for the first time in the last six years in 2018-19, falling 1 per cent to USD 44.37 billion.

05 Jun 2019 2:51 PM

April service sector growth at 7-month low, dented by Lok Sabha elections: PMI

Purchasing Managers' Index slipped to 51.0 in April, the lowest since September, down from 52.0 the previous month.

06 May 2019 11:29 AM

Service sector activity slips for 2nd straight month; employment rises

The seasonally adjusted Nikkei India Services Business Activity Index fell from 53.2 in Dec to 52.2 in January.

05 Feb 2019 11:13 AM

India services sector activity in Oct sees quickest growth since July: PMI

PMI surveys brought positive news of stronger economic growth at the start of the third quarter of FY 2018-19.

05 Nov 2018 11:25 AM

CBDT signs nine Unilateral Advance Pricing Agreements in July

Issues like capacity utilisation adjustment; treatment of AMP expenses and others have been carefully examined and resolved.

02 Aug 2018 12:17 PM


India services activity in June expands at fastest pace in a year: PMI

A strong improvement in demand also encouraged firms to hire at a faster pace than in May.

04 Jul 2018 11:18 AM

India's services sector activities improve in April

Nikkei India Services Business Activity Index climbed to 51.4 in April from 50.3 in March.

04 May 2018 11:44 AM

India should move out of agriculture into industry, services: Raghuram Rajan

Country needs to embrace technology and become a leader in the digital transformation taking place around the globe.

26 Mar 2018 10:00 AM

Govt to promote 12 champion service sectors to boost exports

Govt has already approved a Rs 5,000 cr to promote 12 champion services sectors such as IT, tourism and hospitality.

22 Mar 2018 3:37 PM

India's services industry contracts in February as inflation hits demand

Services activity suffered for most of last year following a ban of high value currency notes in November 2016.

05 Mar 2018 11:12 AM