India’s services sector grew at faster pace in first seven months

More on Ummid: International l National l Regional l Politics l Sports l Religion l History l Culture l Education




'Scrap Presidential order discriminating SC/ST on basis of religion'
Gujarat makes voting compulsory in civic elections
UK Muslims most patriotic in Europe
Christian groups demand implementation of Misra Panel Report
Mainstream schools to admit autistic children: Sibal
AP Govt. launches welfare schemes for minority Christians
Iranian forces cross into Iraq, take control of oil well
Rangnath Commission Report tabled in Parliament, VHP upset
LinkedIn in CV? Be cautious, HRs may not like it

	Minorities’ welfare and UPA government initiatives : An analysis: For the welfare of minorities Late Prime Minister of India...... Read Full A New Muslim identity emerging in different regions and social classes: VP The side of Indian Muslims Sachar Committee missed in its Report
Maharashtra Govt. approves Legislators' Committee to monitor development of minorities: Finally, Maharashtra .... Read Full Kerala Govt. says NO to legislation against forced conversion


Time to nail the Iraq lie: How right Edward Gibbon was when he said history is little more than the register of crimes, follies and misfortunes of mankind. But perhaps no register is enough to chronicle.... Read Full	2009: A year of Congress triumph and MNS rise: It was a 'double triumph' for Congress in Maharashtra in 2009 as it not only decimated the BJP-Shiv Sena combine in the Lok Sabha .... Read Full
Indian professor Germany’s youngest university chief: Joybrato Mukherjee, a 36-year-old professor of English whose parents immigrated from India, became Germany’s youngest chief executive of a university..... Read Full	'US backing to Israel reason for the Middle-East crisis': Foreign Minister Prince Saud Al-Faisal said that US backing for Israel gave the Jewish state the option of not making peace. In an interview published .... Read Full

More on ummid
After LS and Assembly, Congress loses Mayor election in Malegaon: Amid high drama and contrary to widely publicised speculations, the Indian National ..... Read Full	Goa blast: Prime accused linked to two more Hindu groups: The Goa Home Ministry has said Malgonda Patil, prime accused in the Margao blast, was also .... Read Full
A New Muslim identity emerging in different regions and social classes: VP: Suggesting ways for Muslim empowerment, advising the community to come out of 'sense of victim-hood'..... Read Full	Ghettoes in the making: As per the report in a section of media recently (November 2009) UK based Muslim charities have warned the Muslims living in the relief colonies set .... Read Full
Thackeray’s sick mind unable to accept Muslim as PM of India: SDPI: The Social Democratic Party of India, (SDPI), has taken strong exception to the Shiv Sena chief Bal Thackeray's statement about Rahul Gandhi .... Read Full	Delhi Sanskriti School pulled up for bias: Taking serious view of the fact that Sanskriti School in the capital was following discriminatory policies, the Delhi High Court asked the well known school to explain its criteria for admission.... Read Full

Sunday, December 20, 2009 10:50:29 AM, IANS

LinkedIn in CV? Be cautious, HRs may not like it: When Yeshasvini Ramaswamy, Managing Director of E2E Practices, an HR consulting firm heard about candidates boldly boasting their connections by including their LinkedIn links in their resume, she was taken aback. ..... Read Full

New Delhi: India’s services sector expanded at a faster pace in the first seven months of the current fiscal year compared to the like period last year, says a survey conducted by a leading industry body.

“The services sector growth has gained momentum during the period April-October 2009 confirming that there has been a significant improvement in growth rates of various services sectors,” said the survey conducted by the Confederation of Indian Industry (CII).

The survey was conducted across 33 industry verticals, with responses coming from more than 350 services-related industry associations, organisations and companies in both the private and public sectors.

CII found that around 12 percent of those surveyed registered a handsome growth rate of more than 20 percent in the first seven months this fiscal, compared to 12.5 percent during the corresponding period last year.

“The share of the sectors registering high growth rate of 10 to 20 percent has increased to 30.3 percent in April-October 2009 from 24.2 percent in the previous corresponding period,” the study said.

“Timely action taken by Reserve Bank of India and the government in terms of stimulus packages have fuelled growth across major segments of services sectors,” said CII Director General Chandrajit Banerjee in a statement.

About 48.5 percent of the responding sectors saw more restrained growth up to 10 percent, a drop from 51.52 percent levels recorded in the previous corresponding period.

The CII survey said that sectors logging a negative growth rate declined to nine percent during the period under review, compared to 12 percent of such cases during April-October 2008, which reflect signs of improvement in the overall economy.

It also said telecom (mobile and wireless) and financial services related to asset management rose more than 20 percent, while other businesses related to tourism, franchising, life insurance, housing finance, education and retail grew by 10-20 percent.

Railway revenues from freight, passenger traffic, air travel (international and domestic), construction, IT, media and entertainment grew at a lesser pace -

0-10 percent.

However, according to the CII survey, sectors that have declined were telecom (fixed line) and international air freight.

Home | Top of the Page

Comment on this article

Name:
E-mail Address:
Write here...

Ummid Business: Advertise with us | Careers | Link Exchange

Ummid.com is part of Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and condition mentioned.