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INDIA SERVICES SECTOR NEWS
Services sector growth may have fallen sharply in May, suggests MoSPI’s experimental data
July 29, 2026 9:26 pm
Of the 19 sub-sectors in the Index of Services Production, 17 grew at a slower pace in May than in April.
India's services PMI at 13-year high in July on strong demand
August 03, 2023 11:17 am
India's dominant services sector expanded at its fastest pace in 13 years last month as demand increased significantly despite elevated inflationary pressures, a business survey showed on Thursday.
India’s services PMI slows to 57.8 in March after a 12-year high in February
April 06, 2023 12:23 am
March figure was consistent with a substantial uptick in output.
Price pressure no bar, services PMI growth at fastest pace in 11 years
July 06, 2022 2:28 am
Although firms expect the recovery to be sustained over the coming 12 months, concerns surrounding price pressures restricted business confidence, S&P Global said.
India's services sector activity in Nov registers second-fastest pace of growth since July 2011: Survey
December 03, 2021 2:36 pm
The seasonally adjusted India Services Business Activity Index was at 58.1 in November, fractionally down from 58.4 in October. The November figure points to the second-fastest rise in output since July 2011.
India's services sector activity expands in September; employment rises for first time in 10 months
October 05, 2021 2:01 pm
The seasonally adjusted India Services Business Activity Index fell from 56.7 in August to 55.2 in September, but remained well above its long-run average.
‘Services PMI cracks fastest since last July on Covid restrictions’
July 05, 2021 11:37 pm
A reading below 50 indicates contraction in the segment. The latest reading pointed to the fastest rate of reduction since July 2020. “New work intakes and output contracted at the fastest rates since July 2020, which prompted companies to reduce employment again,” IHS Markit said.
India's services sector activities slumps into contraction territory in May: PMI
June 03, 2021 12:05 pm
The seasonally adjusted India Services Business Activity Index fell to 46.4 in May, down from 54.0 in April, as the intensification of the COVID-19 crisis caused renewed declines in new business and output.
‘Services sector remains under pressure, index down for fourth straight month’: IHS Markit survey
July 04, 2020 1:03 am
The IHS Markit India Services Business Activity Index was at 33.7 in June. This was up sharply from 12.6 in May, but below the neutral 50 mark for a fourth month running, signalling another fall in service sector output.
Lockdown pulls India's service sector activity to standstill in Apr; PMI hits record low
May 06, 2020 1:01 pm
The IHS Markit India Services Business Activity Index stood at 5.4 in April, an extreme decline from 49.3 in March, and indicative of the most severe contraction in services output since records began in December 2005.
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