Page 2 - Services Sectors

Bank credit grows 5.52% to Rs 102.2 trn in fortnight ended Aug 14: RBI data

Credit to the services sector continued to grow at a robust, albeit decelerated, rate at 10.7 per cent in June 2020 vis-a-vis 13 per cent in June 2019

Service PMI hits 7-year high in Jan on favourable market. business optimism

The IHS Markit India Services Business Activity Index rose from 53.3 in December to 55.5 in January, signalling the strongest upturn in output in seven years

Solid domestic demand lifts services PMI to 7-year high of 55.5 in Jan

he Nikkei/IHS Markit Services Purchasing Managers' Index rose to 55.5 in January from December's 53.3

Services activity falls to 48.7 in Sep; second contraction this year: PMI

India's economy has been hobbled by a demand slump, prompting policymakers to step up fiscal and monetary stimulus to revive growth

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

Govt announces Rs 50 bn fund to jumpstart growth in 12 key services sectors

Export competitiveness and job creation in IT, logistics, hospital and other sub-sectors targeted