Stay updated with the latest tertiary-sector-of-the-economy news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on tertiary-sector-of-the-economy topics.
The Reserve Bank of India forecasts a slowdown in India's GDP growth to 6.9% due to the West Asia crisis and global supply chain disruptions, impacting commodity prices and export routes. Photograph: Anushree Fadnavis/Reuters Key Points RBI projects India's GDP growth at 6.9% for the current financial year, lower than the previous estimate. Disruptions in key shipping routes due to the West Asia crisis are expected to adversely impact merchandise exports. Sustained momentum in the services sect ...Read More >
New Delhi, April 8: The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25 per cent, and maintaining the status quo in its latest Monetary Policy Committee (MPC) meeting. The Standing Deposit Facility (SDF) rate has been kept unchanged at 5 per cent, while the Marginal Standing Facility (MSF) rate remains at 5.50 per cent, RBI Governor Sanjay Malhotra said while announcing the MPC decision. The RBI Governor described 2025 as a challenging year, but noted that inflatio ...Read More >
NEW DELHI: The Reserve Bank of India (RBI) has projected India's economic growth to moderate to 6.9% in 2026-27, while inflation is expected to edge higher to 4.6%, as geopolitical tensions and global supply disruptions cloud the macroeconomic outlook. Announcing the first bi-monthly monetary policy of FY27, the RBI said the Monetary Policy Committee (MPC) retained the policy repo rate at 5.25% and maintained a neutral stance, citing a complex trade-off between supporting growth and containing ...Read More >
Dehradun (Uttarakhand) [India], April 8 (ANI): Uttarakhand Chief Minister Pushkar Singh Dhami on Wednesday said that the Pradhan Mantri Mudra Yojana (PMMY) has triggered a "new revolution of self-reliance" across the country as the scheme completes 11 years. Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of the Government of India and was launched on April 8, 2015. He credited the initiative for empowering youth, women, and small entrepreneurs through collateral-free loans and boostin ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25 per cent, and maintaining the status quo in its latest Monetary Policy Committee (MPC) meeting. The Standing Deposit Facility (SDF) rate has been kept unchanged at 5 per cent, while the Marginal Standing Facility (MSF) rate remains at 5.50 per cent, RBI Governor Sanjay Malhotra said while announcing the MPC decision. The RBI Governor described 2025 as a challenging year, but no ...Read More >
Meta description - India's service sector growth slowed to a 14-month low in March 2026. It gives the right sign, eases the demand, and moderates financial momentum overall. India's services sector lost steam for the second straight month in March. It is recording its slowest growth in over a year as demand weakened and inflationary pressures have strengthened amid the constant Iran conflict. The HSBC India Services Purchasing Managers' Index, collected by S&P Global, fell to 57.5 last month f ...Read More >
Mumbai: The Indian rupee closed stronger on Monday, gaining 14 paise to settle at 93.04 against the US dollar. It opened at 93.13 and moved higher during the day, touching an intraday high of 92.79 before ending slightly lower but still in positive territory. This continues the recent recovery seen in the currency after sharp movements last week. RBI Measures Offer Support The rise in the rupee was mainly supported by steps taken by the Reserve Bank of India to reduce volatility in the forex m ...Read More >
New Delhi, April 6 (UNI) India's services sector growth slowed to a 14-month low in March even as cost pressures rose sharply, according to HSBC and S&P Global PMI data. Firms have reported the fastest increase in input prices in nearly four years. The HSBC India Services PMI Business Activity Index fell to 57.5 in March from 58.1 in February, marking the weakest expansion in 14 months, though it remained above the long-run average of 54.4. The HSBC India Composite PMI Output Index declined to ...Read More >
New Delhi: India's services sector continued to expand in March, supported by strong international orders and rising business confidence even as domestic new‑business growth eased, a report said on Monday. The HSBC India Services PMI report compiled by S&P Global said that India Services PMI or the headline figure remained above its long‑run average of 54.4. The seasonally adjusted HSBC India Services PMI Business Activity Index eased from 58.1 in February to 57.5 in March. Firms reported i ...Read More >
New Delhi, Apr 6 (PTI) India's services sector growth momentum rose at the softest pace in 14 months in March, mirroring the slowdown in new business intakes, a monthly survey said on Monday. The seasonally adjusted HSBC India Services PMI Business Activity Index fell from 58.1 in February to 57.5 in March, amid the weakest rises in new business and activity since January 2025. In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes co ...Read More >
BENGALURU, April 6 (Reuters) - India's services sector grew at its weakest pace in 14 months in March as the Middle East war dampened domestic demand, a survey showed on Monday, though overseas orders hit a near record while input cost pressures were at their most intense since mid-2022. Here are the key details: * The final HSBC India Services Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 57.5 in March from February's 58.1, but was higher than a preliminary estimate of 5 ...Read More >
BENGALURU: India's services sector grew at its weakest pace in 14 months in March as the Middle East war dampened domestic demand, a survey showed on Monday, though overseas orders hit a near record while input cost pressures were at their most intense since mid-2022. The final HSBC India Services Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 57.5 in March from February's 58.1, but was higher than a preliminary estimate of 57.2. Also read: RBI MPC Meeting: India seen hold ...Read More >
BENGALURU, April 6 (Reuters) - India's services sector grew at its weakest pace in 14 months in March as the Middle East war dampened domestic demand, a survey showed on Monday, though overseas orders hit a near record while input cost pressures were at their most intense since mid-2022. Here are the key details: * The final HSBC India Services Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 57.5 in March from February's 58.1, but was higher than a preliminary estimate of 57. ...Read More >
Vijayawada: NTR District in-charge Minister and Minister for Health, Medical and Family Welfare Satya Kumar Yadav said that the state government's 2026-27 Budget strikes a balance between welfare and development, setting the tone for achieving the "Swarna Andhra" vision. The Budget Outreach Programme took place on Thursday at the Pingali Venkaiah meeting hall in the Collectorate in Vijayawada. Minister Satya Kumar Yadav attended the event virtually, along with several MLAs. During the session, ...Read More >
New Delhi: India's food and beverage service industry, which is still recovering from losses from the COVID-19 lockdown era, is now facing another crisis: Rising commercial Liquefied Petroleum Gas (LPG) prices and supply disruptions that are affecting restaurant operations nationwide. Restaurants are also grappling with rising staff costs and are resorting to workforce reductions, downsizing menus or increasing prices to survive. The restaurant industry, which employs millions of people across ...Read More >
Mumbai: Valuations of Indian IT stocks have fallen to their cheapest levels since July 2020 after the recent selloff, opening up an opportunity for gradual accumulation over the next two years, said fund managers. The Nifty IT index is currently trading at a price-to-earnings multiple of 20.6 times, well below its five-year average of 29.16 and ten-year average of 24.4, making it the lowest valuation for the sector since the post-Covid period of July 2020. "The Indian IT sector is passing thro ...Read More >
Led by National President Poonam Sharma, the event highlighted women's crucial role in India's economic future. Discussions focused on entrepreneurship, innovation, digital transformation, and inclusive growth, aiming to foster collaboration and actionable insights for women's empowerment. The FICCI Ladies Organisation (FLO), the women's wing of the Federation of Indian Chambers of Commerce & Industry (FICCI), hosted the inaugural day of its 42nd Annual Session on 29 March 2026 at FICCI, Federa ...Read More >
Mumbai, Mar 30 (PTI) Bank credit to industry grew at faster pace of 13.5 per cent on the fortnight ending February 28, compared with 7.5 per cent in the year-ago period, according to the RBI data released on Monday. The buoyant growth is majorly driven by higher growth in 'infrastructure', 'all engineering', 'chemicals and chemical products', 'petroleum, coal products and nuclear fuels' and 'textiles', said the Reserve Bank of India (RBI). The RBI has released data on sectoral deployment of ba ...Read More >
Mumbai, Mar 30 (PTI) Bank credit to industry grew at faster pace of 13.5 per cent on the fortnight ending February 28, compared with 7.5 per cent in the year-ago period, according to the RBI data released on Monday. The buoyant growth is majorly driven by higher growth in 'infrastructure', 'all engineering', 'chemicals and chemical products', 'petroleum, coal products and nuclear fuels' and 'textiles', said the Reserve Bank of India (RBI). The RBI has released data on sectoral deployment of ba ...Read More >
The survey claimed that the economic growth in the 2024-25 financial year was 7.02 per cent, exceeding the national average of 6.5 per cent, and marking the fourth consecutive year of growth above 7 per cent. "The real GSDP is expected to reach ₹3,21,892 crore in 2025-26 and ₹3,41,064 crore in 2026-27, representing a growth of 6.17 per cent and 5.96 per cent, respectively. At current prices, GSDP is projected to cross ₹5.6 lakh crore in 2025-26 and approach ₹6.1 lakh crore in 2026-27," t ...Read More >
Raipur: The Economic Survey for 2025-2026 was presented to the state assembly by Chhattisgarh Finance Minister OP Choudhary on Monday. It forecasted a strong 11.57 per cent GSDP growth and an economy expanding to Rs 6.31 lakh crore, outperforming the national average and providing a positive outlook for the main budget, which will be presented on February 24. The survey, which was presented on the first day of the budget session, paints a positive image of the state's financial situation. All o ...Read More >
Finance Minister Nirmala Sitharaman said on Wednesday that India is working towards securing 25 per cent of global trade in the coming years. India is working towards securing 25 per cent of global trade in the coming years by building on its strong macroeconomic foundations, resilient growth trajectory and rapidly expanding entrepreneurial ecosystem, said Finance Minister Nirmala Sitharaman. The Finance Minister was addressing the India Economic Conclave in Delhi on Wednesday. Advertisement ...Read More >
(RTTNews) - India's private sector activity continued to expand sharply in December, though at the weakest pace in ten months amid softer growth seen across both the manufacturing and service sectors, flash survey results from S&P Global showed on Tuesday. The HSBC flash composite output index dropped to 58.9 in December from 59.7 in November. However, a score above 50 indicates expansion in the sector. Factory activity logged the slowest improvement in two years as the Manufacturing PMI decli ...Read More >
Investing.com -- India's private sector continued to show strong growth in December, but the pace of expansion eased to a 10-month low, according to the latest HSBC Flash India PMI data released Tuesday. The HSBC Flash India Composite Output Index registered 58.9 in December, down from 59.7 in November, indicating a slower but still robust expansion in business activity. Any reading above 50 signals growth. Both manufacturing and service sectors experienced slower growth rates. The Flash Servi ...Read More >
BENGALURU, Dec 16 (Reuters) - India's private sector activity ended the year on a sombre note, expanding at its weakest pace in ten months in December as a slowdown in new orders took the steam out of both the manufacturing and services sectors, a survey showed on Tuesday. While the economy remains in expansionary territory, the deceleration coupled with a near-stagnant job market indicates domestic demand is cooling, dragging overall momentum down from the highs seen earlier in 2025. HSBC's f ...Read More >
BENGALURU, Dec 16 (Reuters) - India's private sector activity ended the year on a sombre note, expanding at its weakest pace in ten months in December as a slowdown in new orders took the steam out of both the manufacturing and services sectors, a survey showed on Tuesday. While the economy remains in expansionary territory, the deceleration coupled with a near-stagnant job market indicates domestic demand is cooling, dragging overall momentum down from the highs seen earlier in 2025. HSBC's ...Read More >
New Delhi, Dec 15 (SocialNews.XYZ) India's unemployment rate (UR) for persons aged 15 years and above declined to 4.7 per cent in November this year, compared to 5.2 per cent in the previous month, and the lowest level of unemployment since April 2025, according to a statement issued by the Ministry of Statistics on Monday. The overall Labour Force Participation Rate (LFPR) for persons aged 15 years and above, which reflects the level of employment in the economy, rose to a seven-month high of ...Read More >
Merchandise exports for November 2025 stood at USD 38.13 billion, while imports were estimated at USD 62.66 billion. New Delhi: India's merchandise trade deficit registered a sharp decline to USD 24.53 billion in November from USD 41.68 billion in October despite the uncertainties in the global market triggered by the US tariff turmoil, data released by the Commerce Ministry on Monday showed. Merchandise exports for November 2025 stood at USD 38.13 billion, while imports were estimated at USD ...Read More >
The government has launched the Trade Intelligence and Analytics (TIA) portal, a consolidated data platform designed to give exporters, importers, startups and MSMEs real-time insights into global and domestic trade patterns. Commerce and Industry Minister Piyush Goyal said on Tuesday that the tool would equip businesses to make more informed decisions and strengthen their use of India's free trade agreements. Developed by the Department of Commerce, the TIA portal brings together multiple nat ...Read More >
The Indian rupee faced depreciation against the US dollar on Friday, with foreign investors exiting the Indian capital markets. The domestic stock exchange experienced significant sell-offs. Concurrently, crude oil prices were on the rise in global markets. Notably, October saw a deceleration in growth within India's services sector, leading to the rupee's final settlement at 88.66 against the dollar. The rupee declined 3 paise to 88.66 against the US dollar in early trade on Friday as the Amer ...Read More >
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