"Growth in the next year will likely pick up as investment kickstarts the virtuous circle of job creation, income, productivity, demand, and exports supported by favourable demographics in the medium term," said Rumki Majumdar, Economist, Deloitte India.
Though the index eased to 57.8 in March from 59.4 in February, S and P Global said the index was in growth territory (above 50) for the twentieth successive month due to favourable demand conditions and new business gains were among the reasons cited for the latest rise.
Bengaluru (Karnataka) [India], August 4 (ANI/PRNewswire): VCTI, the broadband and network technology experts, today announced that it ended the first half of 2022 on a historic growth trajectory, achieving revenue growth of 80 per cent and managed services' growth of 100 per cent over the fi
Beijing [China], February 7 (ANI): Amid a surge in coronavirus cases and zero-COVID policy, China's services growth recorded a slow start in 2022, a private survey reported on Monday.
Hong Kong, October 6 (ANI): The Indian IT services sector is likely to resume high single-digit revenue growth in 2021-2022 on higher demand for digital transformation, according to a new report by Fitch Ratings released on Tuesday.
Tokyo [Japan], June 5 (ANI): Indian services activity weakened in May as disruptions arising from the elections hampered the growth of new work intakes, a private survey showed on Wednesday.