Services Sector News - Latest Updates & Headlines
India's services and private sector grow strongly in June as price pressures ease
New Delhi, July 3: India's services sector and broader private sector posted strong growth in June, driven by rising domestic and international demand, job creation, and easing price pressures, according to the HSBC India Services PMI report.
High-frequency indicators point towards resilient economic activity in India: RBI
New Delhi, 25 June: All high-frequency indicators point towards resilient economic activity in India across the industrial and services sectors, even as global economy is in a state of flux, reeling from the twin shocks of trade policy uncertainties and a spike in geo-political tensions, RBI said in its monthly bulletin.
India's opportunity to leverage its services, experience-driven sectors as engines of growth: NSE CEO Ashish Chauhan
Mumbai, June 25: The Centre of Policy Research and Governance (CPRG) brought together senior representatives from leading financial institutions, steel and aluminium manufacturers, policymakers and regulatory bodies for the latest session in its Trade Roundtable Series, held at the National Stock Exchange (NSE) in Mumbai on Tuesday.
India well positioned to regain strong export growth as global trade conditions likely to stabilize in H2 of 2025: Experts
New Delhi, June 17: India's trade performance in May 2025 has shown strength and stability, despite uncertain global conditions, according to views shared by industry experts and economists.
RBI pegs India's GDP growth at 6.5 pc for 2025-26
Mumbai, June 6: The RBI has projected India's GDP growth at 6.5 per cent for 2025-26, with domestic economic activity showing resilience on the back of a strong agriculture sector, industry picking up, and the services sector expected to maintain momentum.
India's services sector stays on fast growth track in May, hiring at all-time high: Survey
New Delhi, June 5: India’s services sector activity kept up its high pace of growth in May, driven by a strong demand for exports, which also saw hiring of staff by firms surge to an all-time high during the month, according to the latest HDBC survey.
FDI inflow into India grows 14% in 2024-25: Commerce Ministry
New Delhi, May 27: FDI flows into India increased 14 per cent to USD 81.04 billion in the recently concluded financial year 2024-25, the Commerce Ministry said in a statement Tuesday.
India's Private Sector growth hits 13-month high in May, led by strong services activity: HSBC Flash PMI
New Delhi, May 22: India's private sector activity expanded sharply in May, reaching its highest pace in over a year, driven by a robust performance in the services sector.
India needs revitalization to maintain long term growth of over 6%: Report
New Delhi, May 14: The Indian domestic economy requires strategic focus for sizeable and sustained long-term growth, according to a report by DSP NETRA.
India's manufacturing and services PMI is highest among developed and emerging markets: J P Morgan
New Delhi, May 12: India has topped the global charts in both manufacturing and services activity, according to the Purchasing Managers' Index (PMI) data in report released by J.P. Morgan.
India's services sector grows steadily in April, composite PMI hits 8-month high
New Delhi, May 6: India's services sector continued to grow in April, with the Services Purchasing Managers' Index (PMI) rising slightly to 58.7 from 58.5 in March, an HSBC report said on Tuesday.
Active companies in India up by over 1.62 lakh in FY25
New Delhi, April 19: Driven by the industrial and services sectors, the number of active companies in the country surged by more than 162,800 last fiscal (FY25).
India's services sector activity remains buoyant in March
New Delhi, April 4: The HSBC PMI Index for India’s services activity remained buoyant at 58.5 in March, which is well above its long-run average of 54.2 but a tad lower than February’s reading of 59, according to data released on Friday.
India's services PMI declines marginally in March to 58.5, but private sector activity remains strong: HSBC PMI
New Delhi, April 4: India's services sector continued to grow strongly in March 2025, although at a slightly slower pace than in February.
Indian economy remains resilient amid rising global challenges: RBI bulletin
Mumbai, March 20: Amidst growing global economic uncertainty, the Indian economy continues to demonstrate resilience as is evident in the robust performance of the agriculture sector and improving consumption, according to the RBI's latest monthly bulletin.
India to cross $800 billion in exports this year with major share of Services: Piyush Goyal
New Delhi, March 14: India is on the path to cross $800 billion in exports this year with the major share of Services exports, Union Minister of Commerce and Industry, Piyush Goyal, has reiterated.
India's services sector recorded robust growth in Feb: HSBC
New Delhi, March 5: India's services sector recorded a robust growth in February, with the activity index rising to 59 from 56.5 in the previous month, according to the HSBC PMI survey released on Wednesday.
India's services sector grows faster in February amid rising demand
New Delhi, March 5: The HSBC India Services PMI rose to 59.0 in February, up from January's 26-month low of 56.5, indicating a sharp expansion in business activity.
Manufacturing and services sectors set to boost GVA output as profitability improves in Q3FY25: ICICI Bank report
New Delhi, March 2: The Gross Value Added (GVA) output--a measure of the total value created by the businesses--across the manufacturing and services sectors will maintain its momentum, following the notable improvement in profitability observed in the third quarter of the Financial Year 2025 (Q3FY25), according to a report by ICICI Bank.
India's GDP remains resilient amid geopolitical challenges: Industry
New Delhi, Feb 28: Despite geopolitical headwinds, India's growth at 6.2 per cent in Q3 FY 2024-25 reflects its resilience and the effectiveness of policies, industry bodies and experts said on Friday.
India's private sector companies post higher profits, lower debt: RBI
New Delhi, Feb 25: The operating profit margin as well as net profit margin of private sector corporates in India improved across major sectors during 2023-24 while their debt burden declined during the year, reflecting the growing financial strength, according to the latest data compiled by the RBI.
India's private sector growth hits six-month high in February: HSBC Flash PMI data
New Delhi, February 21: India's private sector output surged to a six-month high in February, powered by a sharp expansion in services activity, according to the latest HSBC Flash PMI data.
India's services growth slows to 26-month low in January, but job creation gains momentum
New Delhi, February 5: India's services sector expanded at its slowest pace in over two years in January 2025, as new business growth weakened and demand momentum softened, according to the HSBC India Services PMI data released on Wednesday.
India's services sector records sharp expansion in January, surge in hiring: HSBC
New Delhi, Feb 5: There was a sharp expansion in India's services business activity during January this year, although the growth rate was slower than December, according to the HSBC India PMI survey released on Wednesday.
Strategic policy intervention needed for growth of Global Capability centres in India: Economic Survey
New Delhi, January 31: The Economic Survey, tabled in the parliament on Friday, advocated for a strategic policy intervention to maintain the momentum of Global Capability Centres in the country.
Kenya's economy projected to grow 5.3 per cent in 2025
Nairobi, Jan 16: Kenya's economy is projected to grow by 5.3 per cent in 2025, according to the National Treasury.
India's exports rise 6.03 pc to USD 602.64 billion in April-December 2024
New Delhi, January 15: India's exports grew in April-December 2024 reaching an estimated USD 602.64 billion, marking a rise of 6.03 per cent compared to USD 568.36 billion during the same period in 2023, as per the data released by Ministry of Commerce and Industry on Wednesday.
India's services sector growth surges to 4-month high in Dec: Report
New Delhi, Jan 6: India's services sector growth rose to a 4-month high in December as robust demand boosted business activity with strong job creation taking place during the month, according to a survey released on Monday.
India's HSBC service index registers strongest expansion in 4 months, index rose from 58.4 in Nov to 59.3 in Dec
New Delhi, January 6: India's services sector ended 2024 on a strong note, with the HSBC India Services Business Activity Index rising from 58.4 in November to 59.3 in December, according to the HSBC PMI survey.