Tag: India Services Sector

Why does India need an Index of Services Production? | Explained

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Why does India need an Index of Services Production? | Explained

India is all set to launch high frequency dataset to capture the formal segment of the services sector, supporting evidence-based policymaking, amid data quality concerns due to the inherent heterogeneous nature of variables and partial or under coverage of the vast informal segment. Joining the league of Japan, South Korea, China and the European Union,…

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Business

India’s business activity grew at a three-month high in July, job creation rose at the fastest pace since April 2006, PMI shows

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India’s business activity grew at a three-month high in July, job creation rose at the fastest pace since April 2006, PMI shows

New business activity in the services industry and manufacturing orders remained robust. File | Photo Credit: Reuters India’s business activity accelerated at its fastest pace in three months in July, thanks to strong demand, especially in the services sector, according to a survey that also showed companies hired at the fastest pace in over 18…

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Business

Services PMI signals September boost

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Services PMI signals September boost

Image for representation. | Photo Credit: Reuters India’s services sector activity gained momentum in September, with new orders rising at the second fastest rate since June 2010, as per the S&P Global India Services Purchasing Managers’ Index (PMI), which moved up to 61 from 60.1 in August.  A reading of over 50 on the index indicates an expansion in…

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Business