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August 22, 2025, 02:00 PM - 2 min read
Despite expectations for an economic slowdown, India’s Composite Purchasing Managers’ Index (PMI) rose to 65.2 in August, as compared with 61.1 in July, fueled by a surge in demand for domestic services
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January 9, 2025, 04:22 PM - 3 min read
Analysts at HSBC have downgraded Indian equities to 'Neutral' from 'Overweight.' The brokerage has also revised its Sensex target for the end of 2025, lowering it to 85,990 from 90,520 previously. The new target indicates an upside of 10.03 per cent from the January 8 closing level of 78,148.49.
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September 23, 2024, 03:01 PM - 3 min read
A survey by HSBC revealed that India’s private sector growth slowed in September, with the composite PMI dropping to 59.3 from 60.7 in August, marking the lowest expansion rate of 2024, though employment continued to rise amid solid business confidence and muted input cost inflation.
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May 23, 2024, 09:13 PM - 2 min read
In May, India's economy saw record export growth and the sharpest rise in employment in nearly 18 years, per HSBC Flash PMI. While manufacturing led sales and output growth, the service sector accelerated overall expansion, with the Composite Output Index reaching its third-highest level in 14 years.
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May 6, 2024, 12:05 PM - 2 min read
In April, India's services sector growth slightly eased but remained robust, with strong demand driving sharp increases in new business and output. The HSBC India Services Business Activity Index fell slightly to 60.8 from 61.2 in March, still marking one of the strongest growth rates in nearly 14 years.
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