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Searched Tag: services sector
Both input and output prices increased substantially in August

India services PMI touched 15-year-high in Aug as new orders inc

September 3, 2025, 12:28 PM - 3 min read

After a surge in India’s factory output, the country’s services sector growth has shown a 15-year high in August, as per a monthly survey whose details were shared on Wednesday

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A Purchasing Managers' Index (PMI) of more than 50 means expansion, while a score below 50 denotes contraction

New exports and high sales spell growth for services sector

August 5, 2025, 01:32 PM - 4 min read

Pick-up in export orders and overall sales has led to a sharp rise in India’s services sector; growth touches 11-month high

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India would benefit from a move of over 70 nations like the UK, UAE and Australia that have agreed to take on additional obligations in the services sector under an agreement of the WTO, an official said on Tuesday.

Over 70 WTO nations agree to take additional obligations in services sector, India to benefit from the move

February 28, 2024, 02:01 PM - 2 min read

As per estimates, the move will help reduce services trade costs by 10 per cent for lower-middle income economies and 14 per cent for upper-middle income economies, with overall savings of USD 127 billion. Albania, Argentina, Australia, Bahrain, Brazil, Canada, China, Colombia, Costa Rica, Japan, Korea, New Zealand, Norway, Saudi Arabia, Singapore, Switzerland, United Arab Emirates, the UK and US are part of the initiative.

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