India's service sector growth contracts for 2nd month in August on GST woes
The services sector had slipped into contraction in July as confusion caused by the GST rollout triggered a dip in new business orders.
Sep 05, 2017, 10:45 AM ISTIndia's services sector contracts to 4-year low in July, post GST
Activity in India`s dominant service sector contracted at the sharpest rate in nearly four years in July after a new tax policy sowed confusion and sent new orders into free fall.
Aug 03, 2017, 10:45 AM ISTIndia's service sector growth at 5-month high on new orders
The Nikkei India Services Purchasing Managers' Index (PMI), which tracks services sector output on a monthly basis, rose from 50.3 in February to 51.5 in March.
Apr 06, 2017, 11:45 AM ISTFDI in services rises 20% in first half of FY16
With the government taking steps to improve ease of doing business and attract investments, FDI inflows into the services sector grew by about 20 percent to US $1.46 billion (Rs 9,404 crore) in the first six months of the current fiscal.
Dec 13, 2015, 12:39 PM IST