India Service Sector Growth
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India's Services Sector Activity Surges To 10-Month High In June: Report
The growth in India's services sector activity surged to a 10-month high in June, driven by robust demand in both the domestic and export markets, according to an HSBC survey released on Thursday. Service sector growth also improved recruitment.
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Food Inflation Likely To Ease In Coming Months, Says Centre's Report
India's food inflation is likely to ease, while the growth outlook for the economy is "cautiously optimistic" for the coming months as the agricultural sector is likely to benefit from favourable monsoon conditions.
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India Likely To Add 33 Million Jobs To Its Workforce By 2028 In AI Era
Emerging technology will transform talent across India's key growth sectors, generating 2.73 million new tech jobs by 2028, according to new research by AI platform for business transformation, ServiceNow.
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NDTV World Summit 2024: How India Plans To Build Global, AI-Driven Solutions
India's growth in the manufacturing, healthcare and services sectors over the last decade has made it a force to reckon with.
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Indian Fintech Sector To Reach $420 Billion By 2029: Digital Payments Body
Indian fintech industry is projected to reach $420 billion by 2029, at a cumulative annual growth rate of 31% from around $110 billion this year, Ajay Kumar Choudhary, non-executive chairman, National Payments Corporation of India (NPCI) said today.
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India's 8 Core Industries Post 6.3% Growth In May
The eight core industries that include sectors such as coal, cement, steel and electricity posted a 6.3 per cent growth in May this year compared to the same month of the previous year, according to data released by the Commerce and Industry Ministry
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India Becomes World's 3rd Largest Domestic Airline Market: Report
Driven by robust growth in the aviation sector in the last decade, India is now the third-largest domestic airline market in the world, up from 5th position 10 years ago.
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India's Jewellery Retail Sector Surges By $30 Billion In 6 Years: Report
The report highlighted multiple drivers that led to the rapid growth of the industry, including rising disposable income, an improving mix for regular wear of jewellery and enhanced product offerings.
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Top Industrial Body Pegs India's GDP Growth At 8% For 2024-25
CII expects the country's economy to grow at 8 per cent in 2024-25 on the back of a better performance of the agriculture sector and higher levels of private investment, according to Sanjiv Puri, the newly elected President of the top industry body.
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"Suggest Ideas": Rajnath Singh To Indian Private Firms In Defence Sector
Defence Minister Rajnath Singh has asked industry leaders in private defence manufacturing and related services to give ideas for ensuring strong growth of the sector.
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Telecom Subscriber Base in India Grew Marginally to 1,173.89 Million at June End: TRAI
Telecom subscriber base in the country grew marginally to 1,173.89 million at the end of June on account of new customer additions led by Reliance Jio, sector regulator TRAI said on Thursday. The subscriber base growth was driven by mobile telephony where Reliance Jio added over 2.27 million new customers and Bharti Airtel added 1.4 million custom...
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Reliance Jio Expects to Become Largest Player in 5G Sector in 2023, Says Company's President
India's biggest telecom operator Reliance Jio expects to become the world's largest player having a pure 5G network this year with promise to provide services at affordable rates to the masses, a senior official of the company said here. Speaking to the PTI at the Mobile World Congress, Reliance Jio President Mathew Oommen said India needs inclusiv...
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Tech Mahindra Increases Headcount to 1.58 Lakh, Net Profit Falls 16.4 Percent in Q2 2022
Tech Mahindra reported a 16.4 percent slide in consolidated net profit at Rs. 1,132 crore for the second quarter. The company is the fifth biggest IT exporter in India, and posted a net profit of Rs. 1,353 crore in the year-ago period. Tech Mahindra said that it added 6,862 employees during the quarter to take its total headcount to 1.58 lakh. Earl...
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IT Services Sector Revenue Growth to Slide Sharply in FY23, Maintain Double Digit Growth: Crisil
The IT Services sector in India will see a sharp fall in revenue in FY23, according to a Crisil report. Revenue growth in FY22 was higher on a lower base of 6 percent in the COVID-hit FY21, while the current depreciation in the rupee, strong demand for new age technologies like artificial intelligence, cloud computing and Internet of Things will he...
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Indian IT Sector Growth Boom to End Due to Soaring Inflation, Supply Chain Issues, Predict JP Morgan Analysts
JP Morgan analysts have downgraded Indian IT sector to ‘underweight’ as they predict it will face an end to growth boom enjoyed during the pandemic. Soaring inflation, supply chain issues and the hit from the Ukraine war has been listed down as some of the major reason for this fall.
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India's Services Sector Activity Surges To 10-Month High In June: Report
The growth in India's services sector activity surged to a 10-month high in June, driven by robust demand in both the domestic and export markets, according to an HSBC survey released on Thursday. Service sector growth also improved recruitment.
-
Food Inflation Likely To Ease In Coming Months, Says Centre's Report
India's food inflation is likely to ease, while the growth outlook for the economy is "cautiously optimistic" for the coming months as the agricultural sector is likely to benefit from favourable monsoon conditions.
-
India Likely To Add 33 Million Jobs To Its Workforce By 2028 In AI Era
Emerging technology will transform talent across India's key growth sectors, generating 2.73 million new tech jobs by 2028, according to new research by AI platform for business transformation, ServiceNow.
-
NDTV World Summit 2024: How India Plans To Build Global, AI-Driven Solutions
India's growth in the manufacturing, healthcare and services sectors over the last decade has made it a force to reckon with.
-
Indian Fintech Sector To Reach $420 Billion By 2029: Digital Payments Body
Indian fintech industry is projected to reach $420 billion by 2029, at a cumulative annual growth rate of 31% from around $110 billion this year, Ajay Kumar Choudhary, non-executive chairman, National Payments Corporation of India (NPCI) said today.
-
India's 8 Core Industries Post 6.3% Growth In May
The eight core industries that include sectors such as coal, cement, steel and electricity posted a 6.3 per cent growth in May this year compared to the same month of the previous year, according to data released by the Commerce and Industry Ministry
-
India Becomes World's 3rd Largest Domestic Airline Market: Report
Driven by robust growth in the aviation sector in the last decade, India is now the third-largest domestic airline market in the world, up from 5th position 10 years ago.
-
India's Jewellery Retail Sector Surges By $30 Billion In 6 Years: Report
The report highlighted multiple drivers that led to the rapid growth of the industry, including rising disposable income, an improving mix for regular wear of jewellery and enhanced product offerings.
-
Top Industrial Body Pegs India's GDP Growth At 8% For 2024-25
CII expects the country's economy to grow at 8 per cent in 2024-25 on the back of a better performance of the agriculture sector and higher levels of private investment, according to Sanjiv Puri, the newly elected President of the top industry body.
-
"Suggest Ideas": Rajnath Singh To Indian Private Firms In Defence Sector
Defence Minister Rajnath Singh has asked industry leaders in private defence manufacturing and related services to give ideas for ensuring strong growth of the sector.
-
Telecom Subscriber Base in India Grew Marginally to 1,173.89 Million at June End: TRAI
Telecom subscriber base in the country grew marginally to 1,173.89 million at the end of June on account of new customer additions led by Reliance Jio, sector regulator TRAI said on Thursday. The subscriber base growth was driven by mobile telephony where Reliance Jio added over 2.27 million new customers and Bharti Airtel added 1.4 million custom...
-
Reliance Jio Expects to Become Largest Player in 5G Sector in 2023, Says Company's President
India's biggest telecom operator Reliance Jio expects to become the world's largest player having a pure 5G network this year with promise to provide services at affordable rates to the masses, a senior official of the company said here. Speaking to the PTI at the Mobile World Congress, Reliance Jio President Mathew Oommen said India needs inclusiv...
-
Tech Mahindra Increases Headcount to 1.58 Lakh, Net Profit Falls 16.4 Percent in Q2 2022
Tech Mahindra reported a 16.4 percent slide in consolidated net profit at Rs. 1,132 crore for the second quarter. The company is the fifth biggest IT exporter in India, and posted a net profit of Rs. 1,353 crore in the year-ago period. Tech Mahindra said that it added 6,862 employees during the quarter to take its total headcount to 1.58 lakh. Earl...
-
IT Services Sector Revenue Growth to Slide Sharply in FY23, Maintain Double Digit Growth: Crisil
The IT Services sector in India will see a sharp fall in revenue in FY23, according to a Crisil report. Revenue growth in FY22 was higher on a lower base of 6 percent in the COVID-hit FY21, while the current depreciation in the rupee, strong demand for new age technologies like artificial intelligence, cloud computing and Internet of Things will he...
-
Indian IT Sector Growth Boom to End Due to Soaring Inflation, Supply Chain Issues, Predict JP Morgan Analysts
JP Morgan analysts have downgraded Indian IT sector to ‘underweight’ as they predict it will face an end to growth boom enjoyed during the pandemic. Soaring inflation, supply chain issues and the hit from the Ukraine war has been listed down as some of the major reason for this fall.
