India’s economic growth averaged over 8% from 2021-24: RBI report
This suggests a shift in the trend growth rate post-pandemic, driven by domestic factors, write RBI economists
services sector
June 2024
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Service sector growth cools in May
The HSBC India Services Business Activity Index fell from 60.8 in April to 60.2 in May, its lowest mark since last December.
India's services PMI softens in April
Notably, the expansion in total sales and output were the fastest in 14 years.
April private sector growth fastest in 14 yrs on demand boost: PMI
The PMI rose to 62.2 in April as against 61.8 in March, thus indicating the fastest rate of increase in aggregate business activity since mid-2010.
India's services sector PMI bounces back strong from Feb dip
The final HSBC India Services Purchasing Managers' Index (PMI), compiled by S&P Global, climbed to 61.2 last month, surpassing February's 60.6 reading.
Domestic services PMI drops to 60.6 in Feb
February data highlights a notable upturn in demand across the service sector, with inflows of new business expanding for the thirty-first month running.
Domestic business activity climbs to 7-month high in Feb: Survey
As per the survey, new orders across the domestic private sector rose for the 31st successive month.
Services PMI hits one-year low in November
India's service sector lost further growth momentum midway through the third quarter.
India’s GDP growth to moderate to 7% in Q2 FY24: ICRA
Ratings agency maintains FY24 GDP growth estimates at 6%, lower than MPC’s projection of 6.5% for the fiscal
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.
