India's Service Sector

India's services PMI rises for 20th consecutive month but lower than Feb

In February, the service sector PMI was at a 12-year high of 59.4

Services PMI at 12-yr high of 59.4 in Feb on strong demand, easing prices

Strong demand, easing price pressures amid mild job creation drive index

India's services PMI activity in Feb grows at its fastest pace in 12 years

The S&P Global India Services Purchasing Managers' Index rose from 57.2 in January to 59.4 in February, its highest since February 2011 and considerably above all forecasts

Top Headlines: India's G20 presidency from today; GDP growth in Q2 and more

Here is our morning brief of today's top headlines

Three-fourth employers in services sector willing to hire: TeamLease

The hiring boom in India's services sector is likely to continue in the third quarter, with 73 per cent of employers willing to increase their resource pool

Amid high inflation, surge in services demand helps steady India's economy

The indicators showed sentiment in the services sector -- which accounts for over 50% of the $3.2 trillion economy -- was upbeat, tax revenue were robust and demand for loans high.

India's services activity rises to 59.2 in June, highest in 11 years

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

Strongest expansion since Dec: Services sector PMI rises to 53.6 in Mar

The seasonally-adjusted S&P Global India services purchasing managers' index (PMI) - released on Wednesday - showed PMI for services for March rose to 53.6 from 51.8 in the preceding month

Omicron spread: Services PMI falls to six-month low in January

India's services sector activity moderated to a six-month low in January, amid imposition of restrictions across the country due to the Omicron variant as well as inflationary pressures

Services PMI rises to over a decade high in Oct even as input costs rise

Unlike their manufacturing counterparts, service companies hired more hands even as the rate of employment generation remained modest

Service sector growth at three-month low in Dec due to Covid: PMI survey

PMI fell to 52.3 in December from 53.7 in November; Companies fire workers due to liquidity problem among other factors

Services activity improves in September, PMI at 49.8 vs 41.8 in August

The latest reading was indicative of broadly stable output across the sector

Inbound FDI rose 14% in FY20 to $49.9 billion; service sector top recipient

Singapore continued to be largest source of FDI for India for second consecutive year

Covid-19 impact: Demand collapse derails infra, services sectors' growth

While a slowing economy had led to deceleration in demand, the lockdown has increased the pain, besides resulting in labour shortages and delay in project execution

Coronavirus pulls services PMI into contraction as overseas demand falls

Falls to 49.3 in March from February's 7-yr high of 57.5 as companies cut workforce

At 57.5, India's services PMI grows at a pace not seen in seven-years

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

Services grow at a pace not seen in 7 years, Feb PMI expands to 57.7

Behind the resilience in the trend for business activity stands healthy demand for services from both the domestic and international markets

Service sector returns to growth on strong demand; PMI at 52.7 in November

Wednesday's upbeat survey comes after official data showed India's annual economic growth slowed to 4.5% in the July-September quarter, its weakest pace since 2013.

Service sector shrinks for second straight month, PMI falls to 49.2 in Oct

The data showed that the rate of deceleration also declined in October from September, providing a ray of hope in these times of slowdown.

Championing services: The enabling environment cannot remain constrictive

The first and obvious issue concerns the foundations on which to build a strong services sector