Mumbai, July 5 (IANS) After ending the week on a firm note, India’s benchmark indices are expected to remain on a positive trajectory, with experts saying the Sensex could move towards the 79,000 mark and the Nifty may target 24,600 if they manage to sustain above crucial resistance levels in the coming sessions.In the previous week, the Indian stock market concluded with solid gains, supported by strong domestic macroeconomic indicators and improving investor sentiment.Robust GST collections, b…
Latest Services Sector News & Updates
New Delhi, June 24 (IANS) The Ministry of Statistics and Programme Implementation on Wednesday said it will launch the Index of Services Production in (ISP) July 2026 to provide a monthly measure of short‑term changes in the growth of formal services sector, and released a detailed FAQ booklet to assist users.The Index of Services Production (ISP) is a short-term indicator designed to measure changes over time in the volume of output produced by the services sector relative to a specified base…
New Delhi, June 13 (IANS) India’s services sector is among the most exposed to artificial intelligence‑driven productivity gains among the emerging economies, positioning the country to benefit from stronger GDP growth as AI adoption accelerates, a report said Saturday.The report from Equirus Economics said the current wave of AI adoption — concentrated in software-driven applications such as large language models (LLMs), generative AI tools, coding assistants and workflow automation systems…
New Delhi, June 5 (IANS) Pakistan’s failure to carry out tax reforms has left its tax base narrowing over the years, resulting in shrinking revenues for the government to implement welfare schemes for the poor. As the country prepares for a new budget for FY27, there is little hope that things will improve, going by the past track record, according to local media reports.“Every budget over the past 10 years (and more) is pretty much the same with minor differences usually in the gimmickry be…
New Delhi, June 2 (IANS) Rejection of careerist competition among young Chinese popularly known as “lying flat” movement stemmed from China’s one‑child policy, a new report has said.The report from Japan Times argued that the one‑child policy reduced the number of high‑consumption households and weakened household bargaining power.One‑child policy pushed the share of household disposable income in GDP from about two-thirds in the 1980s down to about 44 per cent, Yi Fuxian, a senior…
New Delhi, June 1 (IANS) India’s merchandise exports to Oman are officially targeted to grow by 50 per cent over the next three years, as the Comprehensive Economic Partnership Agreement (CEPA) with the Gulf nation came into force on Monday.The agreement aims to drive merchandise exports from the baseline of roughly $4.06 billion past the $6 billion mark, with a medium-term goal of reaching $10 billion.Oman has offered zero-duty access on 98.08 per cent of its tariff lines, covering 99.38 per ce…
New Delhi, May 31 (IANS) India-Oman Comprehensive Economic Partnership Agreement (CEPA) offering zero duty access to a range of Indian labour-intensive exports, will kick in from Monday.The Finance Ministry on Sunday issued notification on duty concessions on Omani goods under trade pact with India, which will come into effect from June 1.India and Oman signed the Comprehensive Economic Partnership Agreement (CEPA) in December last year during Prime Minister Narendra Modi’s visit to Muscat.Par…
New Delhi, May 24 (IANS) The first meeting of NITI Aayog’s high-powered ‘Education to Employment and Enterprise’ Standing Committee has decided to identify actionable recommendations to enhance employability, foster entrepreneurship, strengthen industry-relevant skilling, and accelerate growth in the services sector, according to an official statement issued on Sunday.The meeting concluded with a shared commitment to transform India’s demographic dividend into a growth dividend, enhance co…
New Delhi, May 22 (IANS) India’s economic activity exhibited resilience in April, with industrial and services sectors maintaining strength across several segments even as the global economy continued to be shadowed by uncertainties in West Asia, according to the RBI’s monthly bulletin released on Friday.Industrial and services activity stayed strong in many segments. Early results of listed private non-financial companies for Q4:2025-26 also showed an improvement in business performance ove…
New Delhi, May 21 (IANS) Number of establishments and overall employment in India’s unincorporated non‑agricultural sector recorded strong growth in the Q1 CY26, with jobs in the sector touching 15.17 crore, up 15.51 per cent year‑on‑year, an official statement said on Thursday.The quarterly bulletin from the National Statistics Office estimated that the number of unincorporated establishments grew 16.69 per cent year‑on‑year to 9.16 crore.The rural sector emerged as the primary driv…