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.
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.
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.
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.
July 04, 2019 5:03 am
At 49.6 in June, down from 50.2 in May, the IHS Markit India Services Business Activity Index posted in contraction territory for the first time since May 2018. A reading below 50 indicates contraction in the business activity.
March 16, 2015 1:25 am
The official said that India can especially play a vital role in the tourism and the pharmaceutical sectors.
July 03, 2013 11:22 am
The services sector,which accounts for around 60% of the India's GDP,witnessed moderation in June.
March 06, 2012 1:04 am
Indias services sector witnessed a modest dip in growth rate last month and also saw some job cuts for the first time in three months,as per a survey
December 07, 2011 9:53 am
Services sector expanded in Nov for the first time in 3 months as new business accelerated.
July 05, 2011 10:49 am
Improving market conditions have led to PMI rebound after a 20-month-low.