Services output in April expands at fastest rate in nearly 13 years
Despite the substantial uptick in new orders, staff levels in the service sector increased only marginally in April.
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Hiring in manufacturing, services sector to increase 10% YoY in Q1FY24: TeamLease
According to the report, close to 64% of employers in the services and manufacturing sector are keen to increase their resource pool across industries in the April to June period of FY23-24.
M&A value halves in FY22; deals hit FY19 peak
Merger deals in the financial year 2021-22 hit the lowest level in 8 years.
Service sector expands at fastest rate since August
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 56.4 in November to 58.5 in December.
November Services PMI hits 3-month high of 56.4 on strong demand
This is the fastest increase in the services sector PMI since August, when it stood at 57.2. The services sector PMI for October stood at 55.1.
Service sector output grows at slowest rate in six months
The seasonally adjusted S&P Global India Services PMI Business Activity Index fell to 54.3 in September from 57.2 in August.
ADB cuts India’s FY23 GDP growth forecast to 7.2%
India's net exports will shrink due to subdued global demand and a rising real effective exchange rate; manufacturing firms will bear the brunt of higher input costs, says ADB report
Budget 2022: Bottoms-up growth model must replace top-down approach
More subsidies and more welfarism will help the poor to survive but not solve the massive challenges that chronic job crisis and growing poverty have thrown up.
New record! Services exports to hit $240 billion in FY22
The growth will be spread across services sectors, with travel and tourism the only exceptions
Budget 2021: Tech sector seeks salve for tax pain
The technology sector, which is one of the drivers of economic growth, wants fiscal measures, such as putting the services sector on a par with manufacturing, implemented in this year's Budget.
