India’s dominant services industry returned to growth in August, expanding at its fastest pace since the pandemic began, as businesses reopened amid improved vaccination rates, a survey showed on Friday, although firms continued to cut jobs. Despite the impact of the second wave of the COVID-19 pandemic, India’s economic growth reached a record 20.1% in … Read more
The declining second wave of Covid-19 along with rapid progress in vaccination has set the stage to further accelerate economic recovery, the finance ministry said in its monthly economic review for July. The ministry expects any further Covid wave to be mild in terms of severity with 85% of the population in the 45-plus age … Read more
Growth in India’s dominant services sector picked up in January as demand improved and consumer optimism was buoyed by the start of a huge COVID-19 vaccination drive, although firms continued to shed jobs, a private survey showed on Wednesday. That improved sentiment was in line with findings of a Reuters poll last month that predicted … Read more