services sector

Kathmandu, April 10 – The Asian Development Bank (ADB) has projected that Nepal's economic growth will significantly decelerate in the current fiscal year 2025–26 due to the impact of last year's civil unrest and the ongoing conflict in West Asia involving the United States, Iran, and Israel...

Mumbai, April 8 The gross non-performing assets (NPAs) ratio of Indian scheduled commercial banks declined further to 2 per cent in December 2025, the Reserve Bank said on Wednesday.Gross NPAs – which represents the proportion of loans unpaid for over 90 days – for the banking system stood at...

Mumbai, April 8 The Reserve Bank on Wednesday projected India's GDP growth for the current financial year at 6.9 per cent, lower than the 7.6 per cent estimated for 2025-26, amid elevated commodity prices and supply chain disruptions originating from the West Asia crisis.Unveiling the first...

Mumbai, April 8 The Reserve Bank projected India's GDP growth for the current financial year at 6.9 per cent, lower than the 7.6 per cent estimated for 2025-26, driven by concerns over elevated commodity prices and supply chain disruptions originating from the West Asia crisis.Unveiling the...

New Delhi, April 7 India and New Zealand are expected to sign a Free Trade Agreement (FTA) on April 24 here, which will provide tariff-free access to domestic exporters for their goods in the island nation's market, and will bring in USD 20 billion of investment over the next 15 years, an...

Mumbai, April 6 The rupee gained 28 paise to close at 92.90 against the US dollar on Monday, following measures taken by the Reserve Bank to curb speculative activity and dampen volatility in the Indian currency.Forex traders said that while the RBI's measures are positive for the rupee...

New Delhi, April 6 The National Statistics Office (NSO) announced on Monday the launch of the first-ever Annual Survey of Incorporated Services Sector Enterprises, with its first reference period of 2024-25.According to an official statement, the NSO, under the Ministry of Statistics and...

New Delhi, March 31 The Delhi economy, which experienced a sharp growth in the years following the COVID pandemic, is now showing signs of moderation and stability, according to the latest figures for the state's domestic product (SDP), officials said on Thursday.The Gross State Domestic...

Mumbai, March 30 The net sales growth of select non-government, non-financial (NGNF) public limited companies edged up to 7.8 per cent during 2024-25 from 6.3 per cent in the previous year, the RBI said on Monday.The sales growth of the manufacturing and services sector increased to 6.3 per...

Mumbai, March 30 Bank credit to the industry grew at a faster pace of 13.5 per cent during the fortnight ending February 28, compared with 7.5 per cent in the year-ago period, according to data released by the RBI on Monday.The strong growth is primarily driven by higher growth in...

Mumbai, March 23 According to the Reserve Bank of India's bulletin released on Monday, foreign banks have experienced a higher transmission of monetary easing in both fresh and outstanding deposit and lending rates compared to their domestic counterparts.The data in the bulletin showed that...

Benchmark domestic equity indices plunged by approximately two and a half percent today amid a broad-based sell-off. The Sensex plummeted by 1,837 points, or 2.46 percent, to close at 72,696, while the Nifty fell by 602 points, or 2.6 percent, to settle at 22,513.Earlier, the markets opened...

Shimla, March 20 Himachal Pradesh recorded a real increase of 8.3 per cent in its Gross State Domestic Product (GSDP) and a 10.1 per cent rise in nominal growth in 2025-26, despite various challenges such as acute financial constraints, cuts in revenue deficit grants, and heavy losses due to...

Shimla, March 20 – Himachal Pradesh’s economy continued on a strong and resilient growth trajectory, Chief Minister Sukhvinder Sukhu said on Friday.Presenting the Economic Survey for 2021-22 in the Assembly, CM Sukhu, who also holds the finance portfolio, said that according to advance...

Hyderabad, March 16 – Telangana's economy remains strong and resilient, with impressive growth of 10.7 percent, Governor Shiv Pratap Shukla stated on Monday.Addressing the joint session of the Assembly and Council on the first day of the state legislature's budget session, he noted that the...

Aizawl, March 9 Mizoram registered an average annual growth rate of 9.36 per cent in Gross State Domestic Product (GSDP) over the 13-year period between 2011-12 and 2024-25, according to the state's 2025-26 Economic Survey.The survey, presented by Chief Minister Lalduhoma in the assembly on...

Mumbai, March 5 The Maharashtra Economic Survey 2025-26 highlighted the significant gap between proposed investments and actual project implementation, even as the state economy continues to show robust growth.The intended investments recorded under Industrial Entrepreneur Memorandum (IEM)...

Mumbai, March 5 Maharashtra's economy is expected to grow by 7.9 percent in 2025-26, with per capita income projected to reach ₹3.47 lakh, according to the Economic Survey presented in the state legislature on Thursday ahead of the budget.The agriculture and allied sector is expected to grow...

Mumbai, March 5 – Maharashtra's economy is projected to grow by 7.9 per cent in 2025-26, compared to India's growth rate of 7.6 per cent, primarily due to record collections of Goods and Services Tax (GST) and favorable market conditions.Maharashtra continues to be the engine of the country's...

Mumbai, March 5 – Maharashtra's economy is projected to grow by 7.9 per cent in 2025-26, slightly higher than the projected 7.4 per cent growth of the national economy, according to the government's pre-budget Economic Survey presented in the state assembly on Thursday.The survey stated that...