India's services sector output growth accelerated to a three-month high in November as trade flows picked up significantly amid favorable demand conditions, a monthly survey said on Monday. This growth was indicated when the S&P Global India Services PMI Business Activity Index rose from 55.1 in October to 56.4 in November. Survey participants associate the latest expansion with demand strength, successful marketing, and continued growth in sales.
For the 16th consecutive month, the headline figure was above the neutral 50 range. In Purchasing Managers' Index (PMI) parlance, an index above 50 means expansion while a score below 50 indicates contraction. Pollyanna de Lima, associate director of economics at S&P Global Market Intelligence, said Indian service providers are expected to spend the most in 2022. continued to benefit from strong domestic demand, with PMI data showing a rapid growth in new business and output.
On the jobs front, continued expansion in new work and buoyant demand continued to drive job creation in the services economy. The survey said that employment grew at a solid pace which was the fastest in three years. On the prices front, service companies across India reported higher operating expenses. In addition to higher transportation costs, firms reported higher prices for energy, food, packaging, paper, plastic and electrical products.
Sam Curran gets severe punishment for violating IPL code of conduct, Faf du Plessis fined Rs 12 lakh
Punjab Kings captain Sam Curran and Royal Challengers Bangalore captain Faf du Plessis have been fined due to different charges. Let us tell you that two matches were played in IPL 2024 on Sunday. The
Jack Ryan: Jack Ryan's last episode will be streamed today, fans eager to know the ending of the final season
The action-packed season of Tom Clancy's Jack Ryan returns. The fourth and final season of this thriller series starring John Krasinski is streaming on Amazon Prime Video. According to the
Bihar SIR Row: Hearing on petitions challenging SIR in Bihar; Supreme Court will hear the case today
The apex court will hear today the petitions challenging the Election Commission's move to the SIR of voter lists in Bihar. The court had fixed the date of hearing on August 12 and 13. The Commission
Mhow: Violence during celebration of India's victory in Champions Trophy, houses and shops burnt; Army took over
There was a ruckus in the procession taken out after the victory of Team India in the Champions Trophy. Violence broke out in Mhow, Madhya Pradesh on Sunday night to such an extent that even the
Bilkis Bano Case: 'Justice will be served only by hanging the culprits or keeping them in jail for the rest of their life', said the only eyewitness in the Bilkis Bano case.
The sole eyewitness of the Bilkis Bano case has said that those convicted of this heinous crime should be hanged or kept in jail for the rest of their lives, only then will justice be served. The
Randeep-Lin Wedding: Randeep and Lin wore traditional clothes of Manipur in the wedding, know about it
Randeep Hooda, who has won people\'s hearts with his acting by working in films like Sarabjit, married his girlfriend Lynn Laishram on Wednesday. The wedding ceremony was organized in Imphal, Manipur,
Border 2: Sunny Deol is returning as a soldier after 27 years, the first announcement video of 'Border 2' is out
Border 2 Announcement: The film 'Border', released in 1997 under the direction of JP Dutta, got a lot of love from the people. Many stars including Sunny Deol, Akshay Khanna, Sunil Shetty, and Jackie
PM Modi: 'His life was a symbol of honesty and simplicity', PM Modi became emotional remembering Manmohan Singh
There is a wave of mourning in the whole country due to the death of former Prime Minister Manmohan Singh. Seven days of national mourning have been declared in the country. Prime Minister Narendra
Corona Vaccine: Dr. Randeep Guleria said- Irregular lifestyle, not the Covid vaccine, is the reason for increasing cases of heart attack
A joint study by the Indian Council of Medical Research (ICMR) and the All India Institute of Medical Sciences (AIIMS) has revealed that there is no link between the corona vaccine and sudden cardiac
Cyclone Remal: At some places trees and pillars were uprooted... at some places houses became debris, Cyclone 'Remal' left a trail of devastation in Bengal, one person lost his life
Cyclone 'Remal' has caused massive devastation after hitting the coasts of Bengal. This severe cyclonic storm, which came with a speed of 135 kilometers per hour, caused heavy rains in West Bengal,
