Services Sectors

The 2022 STRI reflects restrictions that apply on key strategic services sectors such as rail freight transport, legal services and accounting, OECD said

Unrelenting inflation continued to worry businesses that were cautiously optimistic about the year-ahead outlook for business activity

The S&P Global India PMI rose to 58.9 in May from 57.9 in April, the highest since April 2011

During the first wave of the pandemic in 2020, a contraction in the services sector was sharper than in manufacturing and took seven months to return to expansion territory.

Credit to the services sector continued to grow at a robust, albeit decelerated, rate at 10.7 per cent in June 2020 vis-a-vis 13 per cent in June 2019

The IHS Markit India Services Business Activity Index rose from 53.3 in December to 55.5 in January, signalling the strongest upturn in output in seven years

he Nikkei/IHS Markit Services Purchasing Managers' Index rose to 55.5 in January from December's 53.3

India's economy has been hobbled by a demand slump, prompting policymakers to step up fiscal and monetary stimulus to revive growth

In PMI parlance, a print above 50 means expansion while a score below that denotes contraction

Export competitiveness and job creation in IT, logistics, hospital and other sub-sectors targeted