Reserve Bank Of India or RBI stated in a latest update that service sector firms retained positive assessment about their overall business situation, turnover and employment position in Q2:2024-25 with somewhat lower sanguinity vis-vis the previous quarter. Pressures emanating from cost of finance, input prices and wages witnessed moderation. Sentiments on growth in selling prices and profit margins moderated but remained positive. Respondents remained highly optimistic on demand conditions in Q3:2024-25, though their optimism regarding overall business situation and job landscape stood lower vis-vis the previous quarter.
| Subscribe To Our Free Newsletter |
