Service Sector

The proposed expansion will increase the Index of Services Production's coverage from about 60 per cent to 78.4 per cent of services gross value added

Employment in India's unincorporated non-agricultural sector reached a record 151.7 million in the March quarter, led by strong rural and services-sector growth

India's ISP proposal broadly aligns with these international practices, particularly in its reliance on administrative data and value-based indicators

Budget targets 10% global services share by 2047

India must broaden its services export base beyond IT and consulting to reduce concentration risks, boost competitiveness, create jobs and sustain growth amid global protectionism, say economists

The DSSSB has begun the online application process for the recruitment of Multi-Tasking Staff (MTS) today, Dec 17. Candidates must note that the last date for online application is January 15, 2026

FY26 estimates to be revised upwards after faster-than-expected expansion

This "growth-employment disconnect" seems to be defining India's services story. Modern services are capital-intensive and globally tradable, generating high productivity but few jobs

This piece explores the implications of one of these profiles - formal versus informal employment

A growth rate of close to 8 per cent in Q1 should help the fiscal end with a decent growth print. However, challenges posed by global headwinds will commence from the second quarter

Demand for services rose at the slowest pace in 14 months but remained sturdy

The growth pace was the fastest since May 2024, driven by the surge in domestic demand

Companies recruit extra workers to meet domestic and international demand

New business intakes expanded sharply at the end of the second financial quarter, but the pace of growth retreated to a 10-month low

In 2019-20, the government had decided to conduct ASSSE on a regular basis on the lines of Annual Survey of Industries (ASI), which is done annually

RBI data shows services sector absorbing those moving out of agriculture

The survey polled around 400 companies in transport, information, communication, finance, insurance, real estate, non-retail consumer and business services

Mizoram has registered a 13.5 per cent Gross State Domestic Product (GSDP) growth in the 2022-23 financial year, according to an economic survey. The Mizoram Economic Survey 2023-24 also stated that the service sector continued to drive the state's economy, contributing to over 45 per cent of the Gross State Value Added (GSVA) in the 2022-23 fiscal. The economic survey, presented by Chief Minister Lalduhoma in the assembly on Thursday, said that the state's economy grew over the years, barring the pandemic period. The GSDP at constant prices (2011-12), which is the true indicator of growth without being influenced by factors such as inflation, is expected to grow to Rs 21,000.56 crore in the 2022-23 fiscal against the estimate of Rs 18,493.72 crore for the 2021-2022 fiscal, registering a growth of about 13.55 per cent over the previous year, the survey stated. Whereas the GSDP at current prices registered an increase of 17.99 per cent over the previous year, it said. The GSDP at .

FY24 growth coming at a slower pace, from a growth rate of 8.4% last year

This debate is futile in India's development journey