Service Sectors

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

Driven by Domino's Pizza, standalone revenue rose 18 per cent year-on-year (Y-o-Y). Orders grew 17.3 per cent, with like-for-like sales up 11.6 per cent

Indian service providers end Q1 on a strong note, with output and new orders rising at the fastest pace since August 2024, supported by robust international sales & job creation, according to PMI data

Making a case for Ease of Doing Business 2.0, the Survey said states need to remove prohibitions on women working in factory processes

Engineering exports to West Asia countries such as the UAE rose by 50 per cent

The study by the state-run bank sums the number of employees of close to 3,000 companies in the corporate sector in the past five years

The growth trajectory in Q1 for GenAI is of significance for the top IT services players who are eyeing this segment as the next growth area

Some economists view the ISM services prices paid measure as a good predictor of personal consumption expenditures inflation, tracked by the U.S. central bank for monetary policy

In October, there were faster increases in input costs and output charges, with rates of inflation outpacing their respective long-run averages

Services imports grow 22%; surplus at $142 bn: RBI data

A mixed bag of opportunities is likely to greet job aspirants in the New Year as telecom and services-oriented sectors are anticipated to accelerate hiring after recent gloomy months of pink slips in the technology segment amid global economic turmoil. Short-term opportunities will be on the rise and companies will focus on building a work-life integrated culture, nurturing niche talent, enhancing skills and providing flexible work arrangements, experts opined. Experts also said one of the major recruitment trends of 2023 is expected to be companies looking to boost internal mobility of talent. After 2022, especially the second half, resonated with reports of mass layoffs and hiring freeze amid the pandemic-related business disruptions, experts said it is not going to be all gloom and doom in 2023. According to staffing firms and job portals, it will be a mixed bag for the Indian job market next year. Amid subdued tech hiring, some of the non-tech hiring, especially in telecom and

The hiring boom in India's services sector is likely to continue in the third quarter, with 73 per cent of employers willing to increase their resource pool

Strong export volumes have been a major driver of India's growth over the last few years; high technology exports have clearly outperformed medium and low technology exports

Omicron-led lockdowns across the country reduced demand for goods and services

The improved readings in the private survey, focuses more on small firms in coastal regions, stood in contrast to an official survey, which showed the expansion in the services sector lost some steam.

The apprentice hiring sentiment is expected to grow by 41 per cent from second half of 2019, as manufacturing and services sectors have opened their doors for apprentices, according to a report. According to TeamLease Skills University report, 'The Apprenticeship Outlook and Index', the apprentice hiring sentiment is expected to grow from current levels of 36 per cent to 41 per cent in JulyDecember 2019. The report revealed that the top manufacturing sectors to hire apprentices in the second half of this year are FMCG & durables (45 per cent) and automobile and ancillaries (42 per cent). It is followed by services sector with retail (45 per cent) and travel and hospitality (44 per cent), it added. The growth is primarily attributed to employers increasingly invested in the apprenticeship model over the last two years especially for cost effective talent creation and enhancedproductivity, it said. The other factors that are driving apprenticeship adoption are the ...

The Rs 50 billion package seeks to jump-start growth in 12 services sectors