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.
IND vs ENG Test: Rohit-Agarkar was seen having a serious discussion on the field itself, was there any discussion on bringing back Virat Kohli?
After leveling the series 1-1 by defeating England by 106 runs in Visakhapatnam, both the teams have now started preparing for the third Test. Both the teams have a break of 10 days before that match
India won the 10th consecutive ODI series against Sri Lanka: Rahul's match-winning innings, won the second match by 4 wickets
India has won the first ODI series of the World Cup year. He has taken an unassailable 2-0 lead over Sri Lanka in the 3-match home series. India won the second match by 4 wickets. Team India won the
Allu Arjun: Received Gaddar Award for Pushpa 2, Allu was selected as the best actor; said thanks to fans and director
On Thursday, famous Telugu film actor Allu Arjun has been honored with the state government's Gaddar Award Telangana Film Award. He has been given this award for the film 'Pushpa 2'. Allu Arjun is
Virat-Anushka performed Bhasma Aarti in Mahakal temple: Kohli was seen wearing Rudraksha garland and dhoti-sola, and Anushka was seen in a saree
Virat Kohli and Anushka Sharma reached the Mahakal temple on Saturday morning. Here both of them performed Bhasma Aarti at 4 am. Took the blessings of God. After darshan, Virat said Jai Mahakal to the
No mobile, no TV for two hours in Maharashtra village: Kids go inside as soon as the siren sounds
When we had just reached the village, a siren started blaring. Children playing on the roads were seen running toward the houses. On the other hand, their parents also came out of their houses to find
Gyanvapi Case: Allahabad High Court's decision in the Gyanvapi campus case secured, a petition filed by the mosque side
The Allahabad High Court has reserved its decision regarding the maintainability of the civil suit pending in the Varanasi court regarding the ownership dispute of the Gyanvapi campus and conducting
Will 20,000 Indians without papers be sent back from America? Now Jaishankar also gave an important statement.
US President Donald Trump is taking strict action against illegal immigration. The Trump administration is identifying criminals on the southern border with Mexico, who have entered the country
Happy Birthday Gill: Shubman Gill, 24 years old, a look at the career and achievements of India's 'Prince'
India's 'Prince' i.e. Shubman Gill turned 24 on Friday. Gill is now being regarded as one of the best batsmen in the world. Shubman Gill made his international debut in the year 2019. Since then the
Jairam Ramesh gave notice of a breach of privilege against Amit Shah in Rajya Sabha, for stating Sonia Gandhi
Congress chief whip in Rajya Sabha Jairam Ramesh on Wednesday gave a notice of breach of privilege against Home Minister Amit Shah. Shah is accused of making allegations against Congress Parliamentary
Diljit Dosanjh: Diljit said- don't tease me, I don't do drug ads like Bollywood; gave a big challenge from the stage
Punjabi singer Diljit Dosanjh recently made headlines after he received a legal notice from the Telangana government. The notice warned him not to play songs that promote alcohol, drugs, or violence
