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Latest Articles in services sector

India's Services Sector Slump Stretched Into May

With economic output set to fall enormously in the first half of 2020, it is clear that the recovery to pre-COVID-19 levels of GDP is going to be very slow

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India's Services Sector Contracts In September On Weak Demand: PMI

It was the second month this year the index had fallen below the 50-mark separating growth from contraction - the last one being in June.

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Bank Credit Growth Slows To 10.24 Per Cent, Deposits At 9.73 Per Cent

In the previous fortnight to August 16, advances grew 11.64 per cent to Rs 96.82 lakh crore and deposits by 10.15 per cent to Rs 126.80 lakh crore.

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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.

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Weak Indian Demand Drags March Services Growth To Six-Month Low: PMI

The index change "was partly caused by waning new business growth, with further increases to output prices perhaps contributing to the slide

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India Services Activity Accelerates In February As Demand Strengthens

That could be of concern as the services sector contributes about 35 per cent of total employment and 60 percent to the country's gross domestic product

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India's Services Activity Dips In December, But Firms Step Up Hiring

The Nikkei/IHS Markit Services Purchasing Managers’ Index declined to 53.2 in December from November’s four-month high of 53.7, but remained above the 50 mark threshold that separates growth from contraction for the seventh consecutive month

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Services Growth Slows In August On Weaker Demand, Rising Input Prices

The new reading was the lowest since May but remained above the 50-mark that separates growth from contraction for a third straight month

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India Services Activity In June Expands At Fastest Pace In A Year

The recovery in services firms' activity, along with a robust pace of manufacturing growth reported on Monday lifted the composite PMI to 53.3, its highest level since October 2016

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Indian Labour More Interested In Freelancing Work: Indeed

The leading sector in terms of job flexibility, as data from Indeed indicates, is the Service sector, with the role of Examiner offering flexible work arrangements in 75.2 percent of all job postings

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India Services Activity Rises In October On Higher Demand

Services demand has been recovering since September and the latest survey showed the new business sub-index, a proxy for both domestic and foreign demand, rose to 51.5 in October from 51.1 a month befor

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Hiring Outlook Rebounds Across Sectors; Services Industry Tops The Chart

The survey conducted on 5,005 employers indicates hiring outlook has rebounded slightly from the prior quarter. Once the data is adjusted to allow for seasonal variation, employers report an Outlook of +19 percent

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Indian Service Sector: Poised To Take Off

India’s services sector attracts 20 per cent of India’s total FDI and investors find it appealing because of its global stature supported by a strong IT structure

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Sensex Edges Up 36 Points In Range-Bound Trade, Global Cues

The 50-share Nifty managed to maintain its key 9,600-mark and scaled a high of 9,643.65 before finally ending at 9,637.60, up 24.30 points, or 0.25 per cent.

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India's June Services Activity Hits Eight-month High On Solid New Orders

Activity in India's dominant service sector expanded at its fastest pace in eight months in June as new business orders surged

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