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Services Sector expects 8 percent growth in Fiscal Year 2006-07, says CII survey

New Delhi November 06, 2006

• 92 percent of the respondents plan increases in investments.
• 70 Percent of the respondents concede investments over Rupees 1 crore.
• 28 percent plan investments of Rs. 5 crores and above.
• 60 percent voted for billing rates as the leading parameter for a positive business outlook.
• 89 percent voted new customers as the reason for a positive Business Outlook.
• 83 percent of the respondents felt employment will increase during July-December 2006.
• 81 percent rise in the value of exports.
• 83 percent of the respondents expect increase in new customers.
• 62 percent of the respondents expect billing rates to improve.

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