Page 2 - India Services Sector
Finmin pins hope on vaccine drive for robust recovery in services sector
GDP contraction of 7.7% is much smaller than expected, DEA says
 "Finmin pins hope on vaccine drive for robust recovery in services sector")
RBI meet, PMI data, companies' earnings to guide market this week: Experts
At the start of the week, the market will also take cues from July auto sales numbers which signal a recovery in the sector hit hard by Covid-19
 "RBI meet, PMI data, companies' earnings to guide market this week: Experts")
June services activity shrinks for fourth month in a row; PMI at 33.7
Services sector remains in deep downturn as job losses continue
 "June services activity shrinks for fourth month in a row; PMI at 33.7")
Covid-19: India's services PMI improves from April lows to 12.6 in May
Services activity in the country has suffered a lot amid back-to-back nationwide lockdowns to prevent the spread of coronavirus.
 "Covid-19: India's services PMI improves from April lows to 12.6 in May")
Top headlines: MPs take 30% salary cut, service sector activity contracts
Business Standard brings you top headlines of the day
 "Top headlines: MPs take 30% salary cut, service sector activity contracts")
PMI: India's services sector growth hits 7-year high of 57.5 in February
Exports zoom but job growth at 3-month low
 "PMI: India's services sector growth hits 7-year high of 57.5 in February")
Services sector activity grows on strong demand in Nov, PMI rises to 52.7
The dominant sector of the economy had suffered two straight-months of contraction since September
 "Services sector activity grows on strong demand in Nov, PMI rises to 52.7")
Service sector can help govt achieve target of $5 trn economy: Goyal
He emphasised that these two sectors need to work together, as without services, manufacturing cannot succeed and without manufacturing, services cannot grow
 "Service sector can help govt achieve target of $5 trn economy: Goyal")
Services sector has potential to generate jobs, boost economy: Piyush Goyal
He said the services sector has huge potential and it contributes in a significant way to the Indian economy.
India's services PMI hits a year's high in July on new business orders
In PMI parlance, a print above 50 means expansion while a score below that denotes contraction
 "India's services PMI hits a year's high in July on new business orders")
Services likely to lead growth in gross fixed capital formation: Care
The Reserve Bank of India and investment banks such as Goldman Sachs are betting on a revival in private investments in Asia's third-largest economy
 "Services likely to lead growth in gross fixed capital formation: Care")
