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India service sector News

India`s service industry

04 Jul 2018

Services PMI returns to growth in June, records sharpest expansion in a year

In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.

05 Sep 2017

India's service sector growth contracts for 2nd month in August on GST woes

The services sector had slipped into contraction in July as confusion caused by the GST rollout triggered a dip in new business orders.

India service sector

03 Aug 2017

India's services sector contracts to 4-year low in July, post GST

Activity in India`s dominant service sector contracted at the sharpest rate in nearly four years in July after a new tax policy sowed confusion and sent new orders into free fall.

06 Apr 2017

India's service sector growth at 5-month high on new orders

The Nikkei India Services Purchasing Managers' Index (PMI), which tracks services sector output on a monthly basis, rose from 50.3 in February to 51.5 in March.

05 Dec 2016

India's services sector contracts on cash shortage; worst in 3 years

The Nikkei India Services Purchasing Managers' Index (PMI), which tracks services sector companies on a monthly basis, stood at 46.7 in November, down from 54.5 in October. A reading above 50 means the sector is expanding while a score below this mark signals contraction.

India services industry

05 Aug 2015

Services sector rebounds on new business orders

Services sector increased to 50.8 in July from 47.7 in June.

HSBC Services Purchasing Managers` Index

04 Mar 2015

'Services growth at eight-month high in Februay'

The HSBC Services Purchasing Managers` Index, which surveys around 350 private companies and is compiled by Markit, rose to 53.9 in February from 52.4, its highest since June 2014. A reading above 50 indicates growth.

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