Services

The sector remains resilient even as manufacturing softens and broader growth indicators point to a slower second half

India pushing for FDI-linked FTAs to attract global investors, says Commerce Secy Rajesh Agrawal

Rupee weakness isn’t a concern for exporters, but October’s wider trade gap was driven by a spike in precious metals imports, said Commerce Secretary Rajesh Agrawal.

India–Canada ties warm up with a $50 billion trade plan — why it matters now?

The reset marks a shift from strained political ties to renewed economic cooperation, with both sides eyeing deeper trade, technology and energy partnerships.

India’s services growth eases in September but holds strong, shows PMI data

The HSBC India Services Purchasing Managers’ Index (PMI) fell to 60.9 from a 15-year high of 62.9, clocked in August. Experts believe that services - particularly IT, financial, and digital segments - will play a key role in helping India realise its vision of becoming a developed economy by 2047.

Services activity hits 15-year high in August, composite PMI signals strong Q2 momentum

India’s services PMI rose to 65.6, while manufacturing grew at its fastest pace in 18 years high, pointing to sustained growth despite global headwinds

Bengaluru Metro Yellow Line passenger services will commence at 6:30am from August 11

BMRCL officials said the running time between RV Road and Bommasandra is 35 minutes each way, with halts at every station.

US business activity slows in June, even as the world recovers

India’s composite PMI rose sharply to a 14-month high of 61.0 in June, from 59.3 in May, driven by strong growth in both manufacturing (58.4) and services (60.7).

India’s service activity rises to a 10-month high of 60.4 in June

June also marks the first time this year that services activity crossed 60

Services activity rises to a 3-month high of 58.8 in May

The performance of services contrasts with the manufacturing sector, which dipped to a three-month low of 57.6 for the month

India's services sector outpaces manufacturing and agriculture in FY25: RBI annual report

This is despite the fact that the total GVA at basic prices rose by 6.4 percent in FY25, down from 8.6 percent in the previous year, signalling a moderation in economic momentum

India's FY25 overall exports at an all-time high of $824.9 billion

For March 2025, services exports stood at $35.6 billion, reflecting a year-on-year growth of 18.6 percent compared to $30.0 billion in March 2024.

India’s services activity slips to 58.5 in March

Manufacturing sector had a better month, closed the financial year at a eight-month high of 58.1

US consulate opens in Bengaluru, visa services to begin later

The new consulate in India’s tech hub has sparked a political credit war among Congress, BJP, and JDS.

India’s services activity rises to a 4-month high of 59.3 in December

India’s economy is expected to perform better in the third quarter compared with the previous quarter when growth slumped to a near two-year low of 5.4%

India’s services activity slows to 58.4 in November

India’s services sector had held steady in the second quarter, despite GDP growth dipping to a seven-quarter low of 5.4 percent

3 km in 7 years: Bengaluru Metro's most delayed section ready for commercial operations, gets CMRS nod

The Commissioner of Metro Railway Safety (CMRS), Southern Circle, on October 4, gave the green light for the commencement of commercial operations on the Nagasandra-Madavara (Bangalore International Exhibition Centre).

Services activity dips to 10-month low of 57.7 in September

Manufacturing activity, too, slowed down during the month to an eight-month low of 56.5, data released earlier this week showed

Karnataka: Goods train derails near Bhima river bridge, passenger services hit

According to South Western Railway officials, train services on the Hubballi-Solapur line have been affected

Service activity scales a 5-month high of 60.9 in August

Manufacturing activity declined for a second consecutive month to 57.5 in August

India’s growth slowed to a five-quarter low of 6.8% in Q1FY25: MC Poll

Full-year growth projection of 7 percent is lower than the RBI’s estimate of 7.2 percent. Inflation to be contained at 4.5 percent, shows the median of a poll of 13 economists.

Private sector activity eases to 3-month low of 60.5 in August, shows HSBC Flash PMI

The HSBC Flash India Composite Output Index remained above the 60-mark, indicating robust growth

Households expect non-food and food inflation to rise in tandem, see faster rise

Inflation expectations are at the highest level in over a year, and 90 percent households expect prices to rise. Over two-thirds expect them to rise faster than the current rate.

Govt to release first service sector survey results soon: Sources

In 2019-20, the government had decided to conduct the Annual Survey of Service Sector Enterprises on an annual basis on the lines of the Annual Survey of Industries.

India's service activity eases to 60.3 in July: Survey

Services exports had done better than goods exports in the previous fiscal

Economic Survey’s 7.9 million non-farm jobs target is easily achievable: MC Analysis

One worry is people switching back to agriculture — in FY23, the farm sector employed more people than it did over the past 17 years