Service Sector
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India's 30% Workforce In Services Sector, Lower Than Global Average: Report
India's services sector employs nearly 30 per cent of the country's workforce, which is still lower than the global average of 50 per cent, reflecting a slower structural transition, NITI Aayog said in a report on Tuesday.
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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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Stronger Orders Drive January Services Growth To Three-Month High: Survey
The Nikkei/IHS Markit Services Purchasing Managers' Index rose to 51.7 in January from December's 50.9, holding above the 50-mark that separates growth from contraction for a second month.
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Services Sector Growth Moderated To 7.7 per cent In FY17: Economic Survey
The sector, which grew by 9.7% in the previous year, is still the key driver of India's economic growth.
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India's Mega Reform GST, Set For July 1 Rollout, Leaves Some Worried
The government, on Friday unveiled four rate bands under a new sales tax for services such as telecoms, insurance and restaurants, a move experts feel could complicate compliance and leave businesses at the mercy of an intrusive tax bureaucracy. The Goods and Services Tax or GST, set to be launched from July 1, will have rates of 5, 12, 18 and 28 p...
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India Should Focus On Low End Manufacturing: Chinese Media
India should shift focus to low end manufacturing like China to take full advantage of its demographic dividend to avert an unemployment crisis, a state run Chinese daily said.
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US Services Sector, Factory Data Point to Solid Economic Growth
US services sector activity hit an 8-1/2-year high last month and factory orders surged in June, bolstering expectations of solid economic growth in the third quarter.
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India's 30% Workforce In Services Sector, Lower Than Global Average: Report
India's services sector employs nearly 30 per cent of the country's workforce, which is still lower than the global average of 50 per cent, reflecting a slower structural transition, NITI Aayog said in a report on Tuesday.
-
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.
-
Stronger Orders Drive January Services Growth To Three-Month High: Survey
The Nikkei/IHS Markit Services Purchasing Managers' Index rose to 51.7 in January from December's 50.9, holding above the 50-mark that separates growth from contraction for a second month.
-
Services Sector Growth Moderated To 7.7 per cent In FY17: Economic Survey
The sector, which grew by 9.7% in the previous year, is still the key driver of India's economic growth.
-
India's Mega Reform GST, Set For July 1 Rollout, Leaves Some Worried
The government, on Friday unveiled four rate bands under a new sales tax for services such as telecoms, insurance and restaurants, a move experts feel could complicate compliance and leave businesses at the mercy of an intrusive tax bureaucracy. The Goods and Services Tax or GST, set to be launched from July 1, will have rates of 5, 12, 18 and 28 p...
-
India Should Focus On Low End Manufacturing: Chinese Media
India should shift focus to low end manufacturing like China to take full advantage of its demographic dividend to avert an unemployment crisis, a state run Chinese daily said.
-
US Services Sector, Factory Data Point to Solid Economic Growth
US services sector activity hit an 8-1/2-year high last month and factory orders surged in June, bolstering expectations of solid economic growth in the third quarter.
