India will emerge as the global leader in the services sector in the next few years not only in the software sector and IT-enabled services but also in health, design, engineering, education and maintenance,
'Nehru was an idealist, he was certainly a visionary in one way, but Mao Zedong was not. Mao Zedong was a very down-to-earth strategist. He wanted to take Tibet, to take the plateau, to take the rivers, to take the minerals.'
The services sector had slipped into contraction in July as confusion caused by the GST rollout triggered a dip in new business orders.
India's brittle energy security is inextricably linked to two opposing paradigms - fossil fuels, and the transition to green energy. The first powers the present; the second paves the way for Viksit Bharat in 2047.
A reading below 50 means contraction in the sector.
India needs to increase the investment rate to 34-35 per cent from 31-32 per cent currently to achieve a growth rate of 7 per cent and above, said S Mahendra Dev, chairman, economic advisory council (EAC) to the Prime Minister, on Wednesday.
Domestic equities surged on Tuesday, posting their best single-day gains in more than eight months after a long-awaited trade deal between India and the US. The deal, which lowered tariffs on Indian goods to 18 per cent from 50 per cent, significantly improved investor sentiment and lifted a key overhang for the market.
'LIC will reduce but not fully exit its stake in IDBI Bank, which remains an important bancassurance partner,' says LIC of India' MD and CEO R Doraiswamy.
Overall foreign inflows into the country grew by 8 per cent to $ 24.29 in the last fiscal as against $ 22.42 billion in 2012-13.
India and the European Union (EU) on Tuesday announced the conclusion and finalisation of negotiations for the proposed free trade agreement (FTA).
August witnessed the fastest pace of growth in new business orders since February.
The site where a 27-year-old techie drowned in Noida has become a focal point of public concern, with residents questioning the role of civic authorities and demanding accountability for the tragedy.
Here are the key numbers to watch out for in the Union Budget for 2025-26:
In 2025-26, the government allocated Rs 6,81,210 crore for defence budget.
India has been on an FTA-signing spree of late. Since 2021, it has signed eight trade agreements, three of which -- with the UK, Oman and New Zealand -- were finalised in 2025 alone.
'When a technology is this fundamental, a country should have its own version of it, rather than relying on whether someone else chooses to build it for you.'
As AI adoption replaces routine roles, hiring is increasingly shifting toward AI-specific skills.
The 2026-27 Budget, seeking to harmonise the government's imperative to grant certainty while ensuring a rational tax policy, had several notable announcements to usher in halcyon days, says Mukesh Butani.
Among the Sensex firms, Bharat Electronics Ltd, Mahindra & Mahindra, Adani Ports, HCL Technologies, Eternal, Infosys, Bharti Airtel, Sun Pharmaceuticals, Larsen & Toubro, Hindustan Unilever and UltraTech Cement were the gainers. Bajaj Finance, Tata Motors Passenger Vehicles, Kotak Mahindra Bank, PowerGrid and Tata Steel were among the laggards.
India is ranked 12th in terms of services GDP among the world's top 15 countries, says the Economic Survey.
Banks are witnessing a surge in hiring for sales staff in secured segments such as home, vehicle and gold loans as compared to the recovery category, driven by a boost in business growth, and a host of regulatory measures aimed at improving ease of doing business, according to industry experts.
The value of the rupee, which has slipped to the 92 per dollar mark, does not accurately reflect India's stellar economic fundamentals, the Economic Survey said on Thursday.
In a major sign of transformation of manufacturing-dominated Chinese economy, annual output of its service sector may exceed that of the manufacturing sector for the first time ever in 2013, an expert said.
While it makes economic sense for countries like Thailand, where the English-speaking population is very small, to engage teachers from India to teach the language in that country rather than from any other part of the world, it is often argued that if it is a question of learning English, it would be better to go for those from the US, Britain or Australia even if this means more money.
The market capitalisation of BSE-listed companies eroded by Rs 9,40,581.75 crore to Rs 4,50,61,658.60 crore (USD 4.90 trillion) in a single day.
Benchmark indices Sensex and Nifty ended marginally higher on Wednesday as a sharp decline in IT blue-chip stocks restricted the rally in the markets.
A bench of Justices Vikram Nath and Sandeep Mehta termed the exorbitant rise of airfares by airlines as "exploitation" and asked the Centre and the Directorate General of Civil Aviation (DGCA) to file their replies to a PIL seeking binding regulatory guidelines to control the unpredictable fluctuations in airfare and ancillary charges imposed by private airlines in India.
The business services sector in the United Kingdom may see over 300,000 job losses in next four years due to the impact of the recession, a report by economics consultancy Centre for Economics and Business Research (CEBR) has said.
As of January 2026, the number of active job openings stood at 103,000, down 24 per cent from 136,000 in the same period last year.
India is growing fast, but to keep growing strong, the government must make more things at home, create jobs, and spend money wisely, suggests Rajiv Memani, regional managing partner, Africa-India Region, EY.
India's services sector activities eased in March as growth was hit by the detrimental impact of the coronavirus pandemic and input costs remained elevated, a monthly survey said on Wednesday. The seasonally-adjusted India Services Business Activity Index fell from 55.3 in February to 54.6 in March. Though the rates of expansion softened, it indicated growth for the sixth consecutive month. In PMI parlance, a print above 50 means expansion while a score below 50 denotes contraction.
Notwithstanding global headwinds, the Indian economy saw further momentum in October on the back of goods and services tax (GST) rate rationalisation and festival spending, as indicated by high-frequency indicators, the Reserve Bank of India's (RBI's) monthly State of the Economy report said.
The RBI left interest rates unchanged, saying there was no substantial development on inflation or fiscal fronts to warrant a fresh reduction.
Trade deals ease risks for Indian equities, but weak demand and stretched valuations raise questions over whether optimism -- especially in smallcaps -- can turn into a sustained bull run, points out Debashis Basu.
Companies in the lower mcap deciles have recorded the fastest growth in median mcap.
A builder arrested in connection with the death of a software engineer in Greater Noida has been sent to judicial custody. An SIT is investigating the incident, questioning Noida Authority officials regarding alleged negligence.
Paytm plans to launch mutual funds, insurance and banking services and s also providing the option to transact offline with a physical debit card
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Business confidence remained positive in August and was driven by upbeat forecasts of sales, an expected improvement in demand and promotional activities
FDI inflows into services sector grew by about 47 per cent to $2.64 billion in April-January last fiscal.
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