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Data▲ Bullish for Indian equities
India’s new services speedometer flashes green across 17 sectors
The brief
- In July, 17 of 19 services sub-sectors reported year-on-year growth
- Growth in services may support demand across Indian consumer-facing sectors
- India’s economy resilient, but Nifty falls 13% YTD: Why markets and macro are telling different stories
- Retail trade, banking lead as 10 services sub-sectors clock double digits in July
- Services growth figures differ: reports cite 10 or 17 sub-sectors growing double digits in July
- Global AI industry needs to earn $6 trillion to justify data centres: Bain
- FIIs pulled out $40 billion from India in 2 years: Why foreign investors are staying away