Mumbai, March 5 (IANS) The Maharashtra Economic Survey for 2025-26 has presented a mixed outlook for the state’s economy. While the agriculture and allied sectors are expected to record a sharp slowdown compared to the previous year, the industrial and services sectors are projected to maintain an upward trajectory.According to the Economic Survey (ES), the growth rate for agriculture and allied activities is expected to drop to 3.4 per cent in the 2025-26 fiscal year from a robust 9.1 per cen…
Latest Services Sector News & Updates
New Delhi, March 4 (IANS) India’s services sector continued to expand at a healthy pace in February, even as growth in new orders slowed amid rising competition, according to the latest data from the HSBC India Services PMI Business Activity Index.The Services Purchasing Managers’ Index (PMI) stood at 58.1 in February, slightly lower than the 58.5 recorded in January.A reading above 50 indicates expansion, which means the sector remained firmly in growth territory as the current financial ye…
New Delhi, Feb 27 (IANS) India’s real GDP growth rate for the October-December quarter (Q3) of the financial year 2025-26 is estimated at 7.8 per cent in the new series with 2022-23 as the base year, data for which was released by the Ministry of Statistics on Friday.The projected annual GDP growth rate for the full financial year 2025-26 has been pegged at 7.6 per cent compared with 7.1 per cent for 2024-25, according to the advance estimates, which were also released along with the data.Real G…
New Delhi, Feb 20 (IANS) The Indian economy continues to register high growth despite a challenging external environment clouded by geo-political uncertainties, the latest RBI Bulletin said on Friday, adding that the recent trade agreements with the European Union (EU) and an interim trade deal framework will help the growth momentum stay robust for a longer period. According to Central Bank Governor Sanjay Malhotra, benign inflation provides the leeway to remain growth-supportive while preservi…
New Delhi, Feb 12 (IANS) Finance Minister Nirmala Sitharaman on Thursday said the Union Budget 2026-27 has come at a rare moment for India’s economy, where strong growth and low inflation are being achieved together.Speaking in the Rajya Sabha, FM Sitharaman described this phase as a ‘Goldilocks moment’ and said it was the result of sustained effort, careful planning and timely policy action, not chance.“According to the first advance estimates released by the National Statistical Office…
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…
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 …