Incentivise pvt, public sector cos to invest in research: Apollo's Suneeta Reddy
"No incentives have been given to education, healthcare and skilling. There is PLI for manufacturing, the services sector grew with ten year tax holidays," says Reddy
"No incentives have been given to education, healthcare and skilling. There is PLI for manufacturing, the services sector grew with ten year tax holidays," says Reddy
HSBC's fash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, climbed to 61.3 this month compared to February's final reading of 60.6.
India's service sector lost further growth momentum midway through the third quarter.
The S&P Global India Services PMI Index marginally falls to 60.1 in August from 62.3 in July.
The S&P Global India Services PMI Index remained in growth territory for the twentieth successive month.
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 56.4 in November to 58.5 in December.
The slowdown in major economies may impact services trade activity, as per the latest WTO Services Trade Barometer.
“Indian economy is growing despite the global monetary tightening and commodity price shock caused by the geo political situation,” says CEA Anantha Nageswaran
The seasonally adjusted S&P Global India Services PMI Business Activity Index fell to 54.3 in September from 57.2 in August.
India's service sector activity loses momentum in July.