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ICICI Bank predicts continued growth in India's manufacturing and services sectors, with services outpacing manufacturing.
ICICI Bank's report predicts continued growth in India's Gross Value Added (GVA) output for the manufacturing and services sectors in Q3FY25, following a recovery in profitability.
Revenue growth increased notably in both sectors after a decline, with services growing 12.9% year-on-year, faster than manufacturing at 4.4%.
Improved profitability is driven by better revenue and controlled spending, especially in services.
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El Banco ICICI predice un crecimiento continuo en los sectores manufacturero y de servicios de la India, con unos servicios que superan a la industria manufacturera.