New Delhi, Feb 6 (IANS) The recently concluded India-EU free trade agreement (FTA) and the prospective India-US trade deal, along with several other trade agreements, will support exports over the medium-term, RBI Governor Sanjay Malhotra said on Friday.Services exports should remain resilient, he said during the RBI MPC meeting which kept the key policy rate unchanged.However, “the spillovers emanating from geopolitical tensions, volatility in international financial markets and shifting trad…
Latest Services Sector News & Updates
Mumbai, Feb 6 (IANS) The Reserve Bank of India has raised its real GDP growth projections for Q1 and Q2 of 2026-27 to 6.9 per cent and 7.0 per cent, respectively, RBI Governor Sanjay Malhotra announced on Friday.Explaining the rationale behind the hike in the growth forecast, Malhotra said, looking ahead, sustained buoyancy in the services sector, GST rationalisation, healthy rabi prospects, monetary easing and benign inflation environment should support private consumption. Investment activity,…
New Delhi, Feb 2 (IANS) Union Budget 2026–27 kept a “long‑term vision at the forefront” by increasing capital expenditure and improving the expenditure mix, a report said on Monday.The report from Crisil Intelligence said the focus is shifting to the long term—with reforms, improving ease of doing business, and inclusive growth getting centre stage.Immediately after the Covid-19 pandemic, the primary focus was on ramping up infrastructure spending and mitigating pandemic impact on growth a…
New Delhi, Feb 2 (IANS) A likely boost to capex, services sector growth and AI in the Union Budget, along with slightly slower than expected fiscal consolidation, will likely support FY27 earnings, further helped by increased demand for equities through buybacks, Morgan Stanley has said.The Budget balances debt-to-GDP reduction with slow fiscal consolidation and support for growth through both cyclical and structural measures.“We remain constructive on Indian equities – Overweight Financials…
New Delhi, Jan 27 (IANS) The Congress released a report on Tuesday, criticising the economic policies of the Narendra Modi government and alleging that jobless growth is taking place in the economy.The report claimed that between 2017-18 and 2023-24, employment in the manufacturing sector fell from 12.1 per cent to 11.4 per cent, while in the services sector it declined from 31.1 per cent to 29.7 per cent.At the same time, the employment in the agriculture sector rose from 44.1 per cent to 46.1 …
New Delhi, Jan 7 (IANS) Prime Minister Narendra Modi on Wednesday said that India’s “Reform Express” continues to gain momentum, as official figures showed that real GDP has been estimated to grow by 7.4 per cent in FY 2025-26 against the growth rate of 6.5 per cent during FY 2024-25.According to the National Statistics Office (NSO), nominal GDP is estimated to grow at 8.0 per cent in FY2025-26.In an X post, PM Modi said: “This is powered by the NDA Government’s comprehensive investment push a…
New Delhi, Jan 7 (IANS) India’s real GDP growth rate has been projected at 7.4 per cent in FY 2025-26, up from 6.5 per cent during FY 2024-25, according to the advanced estimates released by the Ministry of Statistics on Wednesday.The buoyant growth in the services sector has been found to be a major driver with a robust growth of 9.9 per cent at constant prices in FY 2025-26 for financial services, real estate, professional services, and public administration.Trade, hotels, transport, and com…
New Delhi, Dec 26 (IANS) Aggregate small‑business credit exposure in India reached Rs 46 lakh crore, up 16.2 per cent year‑on‑year, a report said on Friday.The report from CRIF High Mark and SIDBI said that active loan accounts grew 11.8 per cent to 7.3 crore, supported by policy measures and government credit schemes for micro, small and medium enterprises.Among businesses with credit exposure up to Rs 5 crore, the report found that formalisation was advancing with 23.3 per cent of borrow…