Manufacturing PMI: Q4 is a litmus test, but no fireworks so far
3 weeks, 1 day ago

Manufacturing PMI: Q4 is a litmus test, but no fireworks so far

Live Mint  

To meet the National Statistical Office’s ambitious goal of 6.5% growth in India’s FY25 gross domestic product, the economy needs to pick up a significant pace in the March quarter. We see downside risk with Q4FY25 GDP growth is expected to be closer to 6.8%," said IDFC First Bank's 28 February report. On the monetary policy front, wide-held expectations are that the RBI would opt for a 25-basis points repo rate cut in April as well, aided by moderating inflation pressures, which provides scope to spur growth. The proprietary Nomura India Composite Leading Index, which has a one-quarter lead on non-agricultural GDP growth, has been sequentially moderating since Q1 2024 and has been below the 100 threshold for three quarters now, which points to below-trend growth and an ongoing cyclical growth slowdown.

India Growth Rate Rbi Pmi Fy25 Gdp Q4Fy25 Manufacturing Pmi  q4  pmi  demand  rate  far  growth  litmus  fireworks  fy25  gdp  slowdown  prices  q4fy25  manufacturing  test

History of this topic

RBI Could Implement 75 Bps Rate Cut In 2025, With Quarterly Reductions: Report
1 week, 3 days ago

RBI Could Implement 75 Bps Rate Cut In 2025, With Quarterly Reductions: Report

ABP News  

SBI Research's Ecowrap forecasts a 75-basis-point rate cut for this fiscal year. CPI Inflation India's consumer price index inflation fell to a seven-month low of 3.6 per cent in February 2025, primarily due to a significant drop in food prices. Despite the overall inflation slowdown, imported inflation has surged, rising from 1.3 per cent in June 2024 to 31.1 per …

PMI data: India’s services growth recovers in February after slowing in January
Trending News
2 weeks, 6 days ago

PMI data: India’s services growth recovers in February after slowing in January

Live Mint  

New Delhi: India's services sector expanded faster in February after growing at its slowest pace in more than two years during January, a private survey released on Wednesday showed. The seasonally adjusted HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, rose to 59 in February from 56.5 in January, remaining comfortably above the 50-point mark that separates expansion …

India's services sector growth sees sharp uptick in February: PMI
3 weeks ago

India's services sector growth sees sharp uptick in February: PMI

The Hindu  

India's services sector activity witnessed a sharp uptick in February boosted by improving domestic and international demand, which resulted in a quicker expansion in output and a substantial increase in employment, a monthly survey said on Wednesday. Private sector output, as measured by the HSBC Composite Purchasing Manager’s Index, grew to 58.8 in February 2025, led by uptick in services …

Mint Quick Edit | Indian factories need to get both busier and better
3 weeks, 1 day ago

Mint Quick Edit | Indian factories need to get both busier and better

Live Mint  

Coming soon after relatively weak gross domestic product data, the purchasing managers’ index seems to validate a loss in factory-activity momentum. Data last week had shown India’s GDP grew 6.2% in the last quarter of 2024, up from the previous quarter’s 5.6% expansion, but the factory sector’s performance remained below par. Global conditions add a dose of uncertainty to its …

Manufacturing industry witnesses 14-month low of 56.3 in Feb. from 57.7 in Jan.
3 weeks, 1 day ago

Manufacturing industry witnesses 14-month low of 56.3 in Feb. from 57.7 in Jan.

Deccan Chronicle  

New Delhi: After a strong start in 2025, Indian manufacturers witnessed a 14-month low of 56.3 in February from 57.7 in January due to decline in new orders and production momentum in the month. The survey conducted by the seasonally-adjusted HSBC India Manufacturing Purchasing Managers’ Index or PMI said that although softer than January’s near 14-year high, the pace of …

Manufacturing PMI slides to 56.3 in February on 14-month slowdown in sales growth
3 weeks, 2 days ago

Manufacturing PMI slides to 56.3 in February on 14-month slowdown in sales growth

The Hindu  

India’s private sector manufacturing activity, as measured by the HSBC Manufacturing Purchasing Managers Index, slowed to 56.3 on sales growing the slowest in more than a year in February 2025, according to a statement from HSBC. “Robust global demand continued to boost growth in the Indian manufacturing sector, which increased its purchasing activity and employment. Although output growth slowed to …

India’s factory activity growth dips to 14-month low in Feb due to cooling demand
3 weeks, 2 days ago

India’s factory activity growth dips to 14-month low in Feb due to cooling demand

Live Mint  

By Anant Chandak BENGALURU, March 3 - India's manufacturing activity grew at its weakest pace in over a year last month due to cooling demand, but employment generation rose at a healthy pace and inflation eased, a private survey showed on Monday. The softer manufacturing data suggests the growth rebound in Asia's third-largest economy may be short-lived after the government …

India's manufacturing growth hits 14-month low in February on soft demand
3 weeks, 2 days ago

India's manufacturing growth hits 14-month low in February on soft demand

India Today  

India's manufacturing activity grew at its weakest pace in over a year last month due to cooling demand, but employment generation rose at a healthy pace and inflation eased, a private survey showed on Monday. The softer manufacturing data suggests the growth rebound in Asia's third-largest economy may be short-lived after the government said gross domestic product expanded to 6.2% …

India Q3 GDP: Indian economy grew 6.2% in December quarter, FY25 growth pegged at 6.5%
3 weeks, 4 days ago

India Q3 GDP: Indian economy grew 6.2% in December quarter, FY25 growth pegged at 6.5%

Live Mint  

New Delhi: India’s economic growth engine showed some spark in the December quarter to recover from a low in the September quarter. The third quarter’s growth rate, supported by government spending and consumption amid festive demand, was still far from the 9.5% recorded in the corresponding quarter of the previous fiscal. Economists’ views Some economists expect India’s FY25 GDP growth …

India’s private sector growth hits six-month high in February: HSBC Flash PMI data
1 month ago

India’s private sector growth hits six-month high in February: HSBC Flash PMI data

Live Mint  

New Delhi, February 21 : India's private sector output surged to a six-month high in February, powered by a sharp expansion in services activity, according to the latest HSBC Flash PMI data. The seasonally adjusted HSBC Flash India Composite Output Index rose to 60.6, up from 57.7 in January, marking its strongest pace of growth since August 2024 and remaining …

India’s GDP to grow at 6.3% in FY25, says SBI Research
1 month ago

India’s GDP to grow at 6.3% in FY25, says SBI Research

Deccan Chronicle  

Mumbai: SBI Research, in a report, has estimated India’s GDP growth to be 6.3 percent in 2024-2025, assuming that the National Statistical Office does not make major revisions to the earlier first and second quarter estimates. The report stated that leveraging 36 high-frequency indicators, the estimated GDP growth for the third quarter of the current financial year should be between …

SBI pegs India’s Q3FY25 GDP growth at 6.2%-6.3%
1 month, 1 week ago

SBI pegs India’s Q3FY25 GDP growth at 6.2%-6.3%

The Hindu  

The Economic department of State Bank of India has pegged India’s Gross Domestic Product growth for Q3 FY25 at 6.2% to 6.3%. “Impinging upon our in-house developed ‘Nowcasting Model’ that leverages 36 high frequency indicators, we estimate the GDP growth for Q3 FY25 should come around 6.2%-6.3%,” said SBI in a Special Research Report on Wednesday. “IIP manufacturing growth has …

PMI data: India’s services growth slows to more than two-year low in January
Top News
1 month, 3 weeks ago

PMI data: India’s services growth slows to more than two-year low in January

Live Mint  

New Delhi: India's service sector expanded at its slowest pace in more than two years during January, owing to lower demand and a softer increase in sales and output, a private survey released on Wednesday said. The seasonally adjusted HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, fell to 56.5 in January, its lowest since November 2022, but …

India's services sector growth sees slowest pace of growth in over two years in January: PMI
1 month, 3 weeks ago

India's services sector growth sees slowest pace of growth in over two years in January: PMI

The Hindu  

India's services sector activity expanded at the slowest pace in over two years in January amid softer increases in sales and output, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Services PMI Business Activity Index fell from 59.3 in December to 56.5 in January -- its lowest level since November. The business activity and new business PMI …

India's services sector growth sees slowest pace of growth in over two years in Jan: PMI
1 month, 3 weeks ago

India's services sector growth sees slowest pace of growth in over two years in Jan: PMI

New Indian Express  

NEW DELHI: India's services sector activity expanded at the slowest pace in over two years in January amid softer increases in sales and output, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Services PMI Business Activity Index fell from 59.3 in December to 56.5 in January -- its lowest level since November In the Purchasing Managers' Index …

Manufacturing Output Rises in January, Says PMI
1 month, 3 weeks ago

Manufacturing Output Rises in January, Says PMI

Deccan Chronicle  

New Delhi: After plunging to a twelve-month low in December, the manufacturing activities in India showed a significant upward movement in January, driven by resilient demand and strong output, especially in sharp rise in export orders. The HSBC India Manufacturing Purchasing Managers' Index or PMI rose to a six-month high of 57.7 in the same month from 56.4 in the …

India’s manufacturing growth hits six-month high in January: HSBC PMI survey
Trending News
1 month, 3 weeks ago

India’s manufacturing growth hits six-month high in January: HSBC PMI survey

Live Mint  

New Delhi: India’s manufacturing growth, which moderated in December, rose to a six-month high in January on the back of rising new export orders, a private survey released on Monday said. With new orders rising at the quickest pace since last July, fuelled by the steepest upturn in exports in nearly 14 years, there was a stronger expansion in output," …

Factory activity falls again as rising costs and weak demand hit manufacturers
1 month, 3 weeks ago

Factory activity falls again as rising costs and weak demand hit manufacturers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Business optimism consequently remains close to December's two-year low, …

India’s factory output surges to 6-month high in January, PMI at 57.7
Top News
1 month, 3 weeks ago

India’s factory output surges to 6-month high in January, PMI at 57.7

Firstpost  

The HSBC final India Manufacturing Purchasing Managers’ Index, compiled by S&P Global, rose to 57.7 last month from December’s 12-month low of 56.4. File image/ Reuters India’s factory activity started 2025 on a positive note, growing at the quickest pace in six months in January largely buoyed by resilient demand and strong output, a private survey showed on Monday, encouraging …

Economic Survey 2024-25: Key takeaways in charts
1 month, 3 weeks ago

Economic Survey 2024-25: Key takeaways in charts

The Hindu  

Union Finance Minister Nirmala Sitharaman on Friday tabled the Economic Survey for the year 2024-25 in Parliament. Here is the key takeaways from the Economic Survey 2024-25: Economic Survey 2024-25 LIVE Real GDP Despite global uncertainty, India has maintained steady economic growth, according to the Economic Survey 2024-25. Inflation The Economic Survey 2024-25 reports that food inflation, measured by the …

Private sector activity slides to a 14-month low in January: PMI
2 months ago

Private sector activity slides to a 14-month low in January: PMI

The Hindu  

In a sobering first indicator about India’s economy in 2025, private sector activity appears to have hit the brakes in January with output and growth levels sliding to a 14-month low, as per the survey-based HSBC Flash Purchasing Managers’ Indices. With the rise in new business intakes receding, aggregate output increased at the weakest pace since November 2023,” said S&P …

India’s service sector growth slows in January, but manufacturing gains momentum: HSBC Flash PMI
2 months ago

India’s service sector growth slows in January, but manufacturing gains momentum: HSBC Flash PMI

Live Mint  

New Delhi: India's private sector began 2025 on a slower growth trajectory as momentum in the services sector eased and the pace of new business intake softened. The HSBC Flash India Composite Output Index, which tracks monthly changes in combined output from manufacturing and services, fell from 59.2 in December to 57.9 in January, marking the slowest expansion in 14 …

SBI downgrades India’s GDP growth forecast to 6.3% for FY25, citing economic challenges
Trending News
2 months, 2 weeks ago

SBI downgrades India’s GDP growth forecast to 6.3% for FY25, citing economic challenges

Live Mint  

The State Bank of India SBI's revised forecast for FY25 GDP growth in India is 6.3%, which is a little less than the 6.4% estimate from the National Statistical Office. In its initial advance GDP projections, the National Statistical Office estimated that India's real GDP growth would be 6.4% in FY25. GDP growth likely to slip to 6.4% in FY25: …

India's services sector ended 2024 on a strong footing, PMI shows
Trending News
2 months, 2 weeks ago

India's services sector ended 2024 on a strong footing, PMI shows

Deccan Chronicle  

India's dominant services sector ended 2024 on a high note as sustained demand boosted activity to a four-month high and led to strong hiring in December, while inflationary pressures eased, a survey showed.The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, rose to 59.3 in December from 58.4 in November, its highest since August but lower than …

India's manufacturing activity grew at its weakest pace in 2024
2 months, 3 weeks ago

India's manufacturing activity grew at its weakest pace in 2024

Deccan Chronicle  

New Delhi: Despite easing cost pressures and strong job growth, India's manufacturing activity grew at its weakest pace for the year 2024, falling to a 12-month low in December this year as new business orders and production expanded at softer rates. “The ongoing improvements in new work intakes prompted manufacturing companies in India to purchase additional inputs for use in …

A sombre December manufacturing PMI curbs enthusiasm
Trending News
2 months, 3 weeks ago

A sombre December manufacturing PMI curbs enthusiasm

Live Mint  

The pace of business activity in India’s manufacturing sector is slowing, dimming hopes for those rooting for a sharp rebound in gross domestic product growth. Read this | New consumption survey reveals the cracks in the economy Remember, pent-up urban consumption demand coupled with a surge in retail credit from banks were among the key factors that led to sharp …

India’s manufacturing growth at 12-month low in December
Trending News
2 months, 3 weeks ago

India’s manufacturing growth at 12-month low in December

Live Mint  

New Delhi: India’s manufacturing growth slowed to a 12-month low in December amid a softer increase in factory orders and production, a private survey said. The HSBC India Manufacturing Purchasing Managers Index, compiled by S&P Global, was recorded at 56.4 in December, down from 56.5 in November. According to the survey, at 56.4 in December, the seasonally adjusted HSBC India …

India’s factory output at 12-month low, December second month of declining activity in a row
Trending News
2 months, 3 weeks ago

India’s factory output at 12-month low, December second month of declining activity in a row

Firstpost  

India’s Manufacturing Purchasing Managers’ Index fell to 56.4, down from 56.5 in November. Source: Reuters India’s manufacturing activity logged its weakest growth of 2024 in December with the Manufacturing Purchasing Managers’ Index, or PMI, declining to a 12-month low of 56.4, down from 56.5 in November. The HSBC India Manufacturing Purchasing Managers’ Index averaged over 57.5 in 2024, compared with …

India’s manufacturing sector showed robust job creation, December PMI at 56.4
2 months, 3 weeks ago

India’s manufacturing sector showed robust job creation, December PMI at 56.4

Live Mint  

New Delhi, January 2 : India's manufacturing sector showcased continued resilience in December 2024, with employment rising for the tenth consecutive month and reaching its fastest pace of job creation in four months, according to HSBC India Manufacturing Purchasing Managers' Index. India's manufacturing sector ended 2024 on a softer note as the PMI for December fell to 56.4, marking the …

Factory activity levels hit a 12-month low in December
2 months, 3 weeks ago

Factory activity levels hit a 12-month low in December

The Hindu  

Hopes of a recovery in the manufacturing sector took a fresh hit as factory activity levels in India’s private sector stumbled to a 12-month low in December from an already weak November performance, with both new orders and output levels slipping to the lowest through 2024, as per a private survey-based index. Manufacturing activity expansion, which had slipped a joint-11-month …

Indian economy to grow nearly 6.5% in FY25 amid global triggers, GDP to bounce back in second-half: FinMin report
2 months, 3 weeks ago

Indian economy to grow nearly 6.5% in FY25 amid global triggers, GDP to bounce back in second-half: FinMin report

Live Mint  

India GDP growth: The Indian economy is expected to grow nearly 6.5 per cent in the current fiscal year 2024-25, closer to the lower end of the 6.5-7 per cent projection, against 8.2 per cent a year before, due to global uncertainties and triggers posing a dampening threat. The Finance Ministry expects a gross domestic product growth of 6.5 per …

India's economy ends 2024 with solid momentum as business growth hits 4-month high, PMI shows
3 months, 1 week ago

India's economy ends 2024 with solid momentum as business growth hits 4-month high, PMI shows

The Hindu  

India's private sector output grew at the fastest pace in four months, preliminary readings from a survey showed, helping the economy end 2024 on a positive note underpinned by sturdier demand in services and manufacturing and record jobs growth. Asia's third-largest economy grew a softer 5.4% last quarter, but easing inflation is expected to spur demand among private sector firms, …

SBI forecasts India's GDP growth at 6.3 per cent, lower than RBI's projection for financial year 2025
3 months, 2 weeks ago

SBI forecasts India's GDP growth at 6.3 per cent, lower than RBI's projection for financial year 2025

India TV News  

The State Bank of India forecasted India's GDP growth at 6.3 pc, lower than the Reserve Bank of India's projection of 6.6 pc for FY25 in its latest report. The report forecast comes after the RBI sharply downgraded its real GDP growth projection for FY25 from 7.2 per cent to 6.6 per cent during its latest Monetary Policy Committee meeting, …

India’s services sector growth falls marginally in November
3 months, 3 weeks ago

India’s services sector growth falls marginally in November

Live Mint  

New Delhi: India’s services sector growth fell slightly in November from the previous month, owing to a drop in growth of new orders and output, a survey released on Wednesday showed. The HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, fell to 58.4 in November from 58.5 in October, but was higher than the 57.7 figure reported in …

Manufacturing PMI falls to 56.5 in November
3 months, 3 weeks ago

Manufacturing PMI falls to 56.5 in November

Hindustan Times  

NEW DELHI India’s manufacturing activity, as measured by the HSBC India Manufacturing Purchasing Managers’ Index, came at 56.5 in November, lower than the 57.5 reading in October and the flash PMI reading of 57.3, according to a release by S&P Global on Monday. Manufacturing PMI falls to 56.5 in November To be sure, the reading remained above its long-run average …

India's Manufacturing PMI Slips to 56.5 in November
3 months, 3 weeks ago

India's Manufacturing PMI Slips to 56.5 in November

Deccan Chronicle  

New Delhi: Amid a softer increase in factory orders, India's manufacturing activities slowed in November due to inflationary pressures, yet maintained a strong pace. Restricted by fierce competition as well as the price pressures, growth in India's manufacturing sector slipped to 56.5 in November. However, the final data came in significantly below these estimates.Commenting on the survey, Pranjul Bhandari, chief …

PMI: Consumption fatigue hits manufacturers
3 months, 3 weeks ago

PMI: Consumption fatigue hits manufacturers

Live Mint  

Manufacturing activity has slowed amid worries that India’s consumption story is fizzling out. India Inc’s Q2FY25 results also mirrored this pain, with corporates pointing out stress in urban consumption due to weak real incomes and rural demand yet to recover. The Q2 manufacturing weakness is unlikely to reverse fully in H2FY25 amid increased global uncertainty, said a Standard Chartered Global …

India’s manufacturing growth falls to 11-month low in November amid price pressures and weaker demand
3 months, 3 weeks ago

India’s manufacturing growth falls to 11-month low in November amid price pressures and weaker demand

Live Mint  

India's manufacturing growth slowed in November, with activity easing to its weakest level in 11 months, as price pressures and softer domestic demand weighed on the sector. "Although price pressures curbed domestic sales to a certain extent, growth of new export orders gained momentum," it added. Despite domestic challenges, international demand surged, with new export orders reaching a four-month high …

Q2 GDP slowdown: What it means for stock market investors
3 months, 3 weeks ago

Q2 GDP slowdown: What it means for stock market investors

India Today  

India’s economy hit a speed bump in Q2 FY25, with GDP growth slowing to 5.4%—the weakest in seven quarters. For stock market investors already navigating weak corporate earnings and persistent foreign outflows, this slowdown adds to the challenges on Dalal Street. Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, "The Q2 GDP shocker of 5.4% will weigh on …

India's Q2 GDP growth slows to 5.4 per cent, hits 18-month low
3 months, 3 weeks ago

India's Q2 GDP growth slows to 5.4 per cent, hits 18-month low

India TV News  

In a significant development, India's economic growth decelerated to 5.4% in the July-September quarter of the current fiscal year, marking its slowest pace in nearly two years. Despite the slowdown, India retained its position as the fastest-growing major economy, surpassing China's 4.6% GDP growth in the same quarter. Key sectoral insights According to data from the National Statistical Office, the …

India's Q2 GDP slows to 5.4%, hits 18-month low on weak consumption
Trending News
3 months, 3 weeks ago

India's Q2 GDP slows to 5.4%, hits 18-month low on weak consumption

India Today  

India’s GDP growth for the July-September quarter fell sharply to 5.4%, marking an 18-month low, as per data released by the National Statistics Office on Friday. Manufacturing growth decelerated significantly to 2.2%, compared to 14.3% in the same quarter last year and 7% in the previous quarter. The weaker-than-expected GDP growth raises concerns about the sustainability of economic recovery, particularly …

India’s GDP growth likely slowed to a six-quarter low in Q2: Mint poll
3 months, 3 weeks ago

India’s GDP growth likely slowed to a six-quarter low in Q2: Mint poll

Live Mint  

India's economic growth likely slowed to 6.5% in the September quarter, which would be its slowest pace in six quarters, according to the median estimate of 25 economists in a Mint poll. Economists in the poll forecast India's GDP growth would range between 6.20% and 6.85%, with only two of them expecting growth in the September quarter to outpace that …

India Q2 GDP: Economic growth likely moderated; should Indian investors be worried?
4 months ago

India Q2 GDP: Economic growth likely moderated; should Indian investors be worried?

Live Mint  

India's July-September quarter gross domestic product prints are expected to show moderation due to excess rainfall, weak corporate earnings and subdued rural and urban consumption. According to Rahul Bajoria, Head of India and ASEAN Economic Research at BofA Securities India, India's Q2FY25 GDP may grow by 6.3 per cent YoY, a six-quarter low, while gross value added growth is expected …

Services sector boosts business activity as manufacturing growth slows in Nov
4 months ago

Services sector boosts business activity as manufacturing growth slows in Nov

Live Mint  

Business activity gained momentum in November, driven by an upswing in the services sector, even as manufacturing activity grew slower than last month, according to an HSBC flash survey released on Friday. Manufacturing slowdown Although slightly lower than the previous month, the HSBC Flash India Manufacturing PMI—a composite index reflecting factory business conditions based on metrics such as new orders, …

Flash PMI signals India’s private sector activity at three-month high in November
4 months ago

Flash PMI signals India’s private sector activity at three-month high in November

The Hindu  

Activity levels across India’s private sector are seeing a modest uptick this month, even as cost pressures have surged to a 16-month high for both services and manufacturing players, compelling them to raise prices charged to customers at a pace not seen since February 2013, as per the HSBC Flash India Purchasing Managers’ Index. The Flash PMI is an early …

India’s GDP growth likely moderated to 6.5% in Q2, says Icra
Trending News
4 months ago

India’s GDP growth likely moderated to 6.5% in Q2, says Icra

Live Mint  

New Delhi: India’s GDP growth is likely to have slowed marginally to 6.5% in the second quarter of FY2025 from 6.7% in the previous quarter, primarily due to heavy rainfall, weak corporate margins, and subdued exports, according to rating agency Icra. While government capital expenditure and healthy kharif sowing provided a lift, their impact was offset by disruptions caused by …

Manufacturing Sector Recovers Strongly in October, with PMI Reaching 57.5
4 months, 3 weeks ago

Manufacturing Sector Recovers Strongly in October, with PMI Reaching 57.5

ABP News  

India's manufacturing sector rebounded in October, with the seasonally adjusted PMI rising to 57.5. The rise was driven by strong demand, increased new orders, and a boost in international sales. The sector's performance was buoyed by strong domestic demand as well as increased international orders. New export orders also grew in October, bouncing back after a sluggish September.

Indian businesses grow at slowest pace in nine months, says HSBC Flash PMI
6 months ago

Indian businesses grow at slowest pace in nine months, says HSBC Flash PMI

Live Mint  

New Delhi: India's business activity moderated in September, with output and new orders growing at the slowest pace in nine months, according to the flash survey by HSBC Holdings Plc. The HSBC flash PMI survey, compiled by S&P Global, highlighted strong new business inflows, solid job creation, and optimistic growth expectations. The India Services Purchasing Managers’ Index Business Activity Index …

India to clock 7% GDP growth in FY25, says HSBC Global Research
6 months, 3 weeks ago

India to clock 7% GDP growth in FY25, says HSBC Global Research

Live Mint  

The Indian economy will likely grow 7% in fiscal year 2025, despite a slowdown to 6.7% in Q1FY25, which marked the lowest growth rate in five quarters, according to HSBC Global Research. This optimistic forecast is driven by strong underlying growth momentum and the narrowing of key economic data gaps, the research arm of the banking and financial services major …

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