Mumbai, April 12 (IANS) The Indian stock markets witnessed a strong rebound last week after six consecutive weeks of decline, supported by favourable global cues, according to analysts.Sentiment remained buoyant amid optimism surrounding a temporary US–Iran ceasefire, although lingering geopolitical uncertainties capped the pace of gains as the week progressed. “The rally was further aided by a stable domestic macro backdrop, with broader markets outperforming the benchmarks. Despite elevate…
Latest Services PMI News & Updates
New Delhi, March 17 (IANS) India’s services sector, now contributing about $2.2 trillion to gross domestic product (GDP), is expected to grow to about $6 trillion by 2035, implying a compound annual growth rate (CAGR) of about 10.6 per cent, a report said on Tuesday.The huge surge will increase services’ share of GDP to nearly 60 per cent while it currently accounts for about 55 per cent of GDP, the report from OmniScience Capital said.The report highlighted the growing dominance of India’…