Page 2 - India's Service Sector
India's services activity rises to 59.2 in June, highest in 11 years
Unrelenting inflation continued to worry businesses that were cautiously optimistic about the year-ahead outlook for business activity
 "India's services activity rises to 59.2 in June, highest in 11 years")
Strongest expansion since Dec: Services sector PMI rises to 53.6 in Mar
The seasonally-adjusted S&P Global India services purchasing managers' index (PMI) - released on Wednesday - showed PMI for services for March rose to 53.6 from 51.8 in the preceding month
Omicron spread: Services PMI falls to six-month low in January
India's services sector activity moderated to a six-month low in January, amid imposition of restrictions across the country due to the Omicron variant as well as inflationary pressures
 "Omicron spread: Services PMI falls to six-month low in January")
Services PMI rises to over a decade high in Oct even as input costs rise
Unlike their manufacturing counterparts, service companies hired more hands even as the rate of employment generation remained modest
 "Services PMI rises to over a decade high in Oct even as input costs rise")
Service sector growth at three-month low in Dec due to Covid: PMI survey
PMI fell to 52.3 in December from 53.7 in November; Companies fire workers due to liquidity problem among other factors
 "Service sector growth at three-month low in Dec due to Covid: PMI survey")
Services activity improves in September, PMI at 49.8 vs 41.8 in August
The latest reading was indicative of broadly stable output across the sector
 "Services activity improves in September, PMI at 49.8 vs 41.8 in August")
Inbound FDI rose 14% in FY20 to $49.9 billion; service sector top recipient
Singapore continued to be largest source of FDI for India for second consecutive year
 "Inbound FDI rose 14% in FY20 to $49.9 billion; service sector top recipient")
Covid-19 impact: Demand collapse derails infra, services sectors' growth
While a slowing economy had led to deceleration in demand, the lockdown has increased the pain, besides resulting in labour shortages and delay in project execution
 "Covid-19 impact: Demand collapse derails infra, services sectors' growth")
Coronavirus pulls services PMI into contraction as overseas demand falls
Falls to 49.3 in March from February's 7-yr high of 57.5 as companies cut workforce
 "Coronavirus pulls services PMI into contraction as overseas demand falls")
At 57.5, India's services PMI grows at a pace not seen in seven-years
Service providers saw a marked increase in new work intakes during February, the second-fastest in over seven years
 "At 57.5, India's services PMI grows at a pace not seen in seven-years")
Services grow at a pace not seen in 7 years, Feb PMI expands to 57.7
Behind the resilience in the trend for business activity stands healthy demand for services from both the domestic and international markets
 "Services grow at a pace not seen in 7 years, Feb PMI expands to 57.7")
Service sector returns to growth on strong demand; PMI at 52.7 in November
Wednesday's upbeat survey comes after official data showed India's annual economic growth slowed to 4.5% in the July-September quarter, its weakest pace since 2013.
Service sector shrinks for second straight month, PMI falls to 49.2 in Oct
The data showed that the rate of deceleration also declined in October from September, providing a ray of hope in these times of slowdown.
 "Service sector shrinks for second straight month, PMI falls to 49.2 in Oct")
Championing services: The enabling environment cannot remain constrictive
The first and obvious issue concerns the foundations on which to build a strong services sector
