India's services economy stays resilient as 17 sectors post growth
Economic Times 1 hr ago·30 Oct 2026, 3:09 am
In August, India’s services sector showed broad‑based expansion, with 17 out of 19 sub‑sectors posting growth. About half of those recorded double‑digit gains, and the overall output, as estimated by CareEdge Ratings, rose roughly 14% year‑on‑year.
The expansion was led by retail trade, which jumped close to 20% compared with a year earlier, while repair services and real estate each climbed about 17‑18%. Strong performance was also seen in banking, insurance and IT services, underscoring the sector’s resilience and its importance to the economy.
Investors will be watching the next release of the Index of Service Production for any signs of a slowdown, as well as policy moves that could affect consumer spending or credit conditions. Continued strength in services could support earnings expectations for companies tied to these segments, while a reversal would merit closer scrutiny.
Excerpt from Economic Times
India's services sector recorded widespread growth in August, with 17 of the 19 tracked segments expanding and 13 registering double-digit gains, according to the trial Index of Service Production (ISP). Retail trade led the expansion with 19.9% year-on-year growth, followed by repair services and real estate at 17.6%…Read the original at Economic Times
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