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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