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Service sector india News

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.

13 Dec 2015

FDI in services rises 20% in first half of FY16

With the government taking steps to improve ease of doing business and attract investments, FDI inflows into the services sector grew by about 20 percent to US $1.46 billion (Rs 9,404 crore) in the first six months of the current fiscal.

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