India's services sector employment grew at fastest pace since 2005

India's services sector employment grew at fastest pace since 2005

Daily Current Affairs   /   India's services sector employment grew at fastest pace since 2005

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Category : Business and economics Published on: December 06 2024

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  • India's services sector continued its impressive performance in November 2024, with a significant increase in service sector employment, which was recorded at the fastest pace ever since the survey began in 2005.
  • During November, there was a significant increase in employment in the services sector, which was recorded at the fastest pace since the survey began in 2005. 
  • During November, there was a significant increase in employment in the services sector, which was recorded at the fastest pace since the survey began in 2005. 
  • The surge in hiring reflected the sector's improving business confidence, rising new orders and strong international demand. 
  • At the same time, high food and labor costs pushed input and output prices to their fastest rates in 15 months and nearly 12 years, respectively.
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