https://www.taxtmi.com/news?id=2856 The Services Sector remained the principal engine of aggregate growth, recording sustained expansion and cushioning an overall GDP slowdown driven by weaker industrial performance. The Survey reports a services growth rate modestly above the prior year, a rising share of services in GDP (both excluding and including construction), and a central role in foreign exchange earnings and FDI inflows when financial and non financial services, IT/ITeS, telecommunications and real estate (with construction) are aggregated. Identified risks include fiscal consolidation effects, construction deceleration, interest rate pressures and external exposure to euro area developments. en-us Thu, 15 Mar 2012 13:10:39 +0530 Thu, 15 Mar 2012 13:10:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2856 The Services Sector remained the principal engine of aggregate growth, recording sustained expansion and cushioning an overall GDP slowdown driven by weaker industrial performance. The Survey reports a services growth rate modestly above the prior year, a rising share of services in GDP (both excluding and including construction), and a central role in foreign exchange earnings and FDI inflows when financial and non financial services, IT/ITeS, telecommunications and real estate (with construction) are aggregated. Identified risks include fiscal consolidation effects, construction deceleration, interest rate pressures and external exposure to euro area developments. News - Thu, 15 Mar 2012 13:10:39 +0530 https://www.taxtmi.com/news?id=2856