Infographic: Services trade surplus in past 5 yrs
Services trade surplus climbed to $84.4 billion in H1 FY25, from a small $51.4 billion in H1 FY22, buoyed by healthy services exports. The trade has grown by a CAGR of 13.91%.
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Budget 2024: India needs to create 78 lakh non-farms jobs each year until 2030
To create these many jobs, there is a need to create the conditions for faster growth of productive jobs outside of agriculture, especially in organised manufacturing and services.
Banks Profit From Digital Connect
Technology is a top priority for Indian banks as they look to improve services and expand in a competitive market.
Personalised Services Key To Success Of Banks
With 43% of retail credit demand coming from 18-30 year age group, lenders need to set new benchmarks to cater to the needs of this cohort.
India records a current account surplus after 10 quarters
The RBI released the Q4 data on balance of payments for the financial year 2023-24, for the period between January to March this year.
Services PMI hits 6-month high of 61.8 in Jan
The HSBC final India Services Purchasing Managers' Index stood at 59.0 in December 2023.
India to be $6.7 trillion economy by 2030: S&P
Capital accumulation led by growth in private capital investment is expected to be the key driver of growth during this period, says the report.
Service sector expands at fastest rate since August
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 56.4 in November to 58.5 in December.
FDI inflow still tilted in favour of services sector: India Ratings
Foreign direct investments (FDI) are still highly skewed in terms of states and sectors.
Service sector output grows at slowest rate in six months
The seasonally adjusted S&P Global India Services PMI Business Activity Index fell to 54.3 in September from 57.2 in August.
