New Delhi, July 14 (IANS) India’s current account deficit for the second quarter of CY26 is tracking around 1.5 per cent of gross domestic product by June-end, a report said on Tuesday.The capital account and the overall balance of payments are likely to remain in deficit for the quarter, the report from HSBC Global Investment Research said.The report forecasted inflation to average nearly 5 per cent in FY27.The debt inflows picked up in June and the external position should improve as non‑r…
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New Delhi, July 8 (IANS) India’s macro backdrop has improved as falling oil prices and a June foreign exchange package have eased financial conditions and prompted inflows, a report said on Wednesday.Foreign investors signalled growing confidence, with $6.4 billion of bond inflows since early June and equities flows turning slightly positive in the past fortnight, the report from HSBC Global Investment Research.The firm forecasted that a balance of payment surplus and improved sentiment could …
New Delhi, July 7 (IANS) The manufacturing sector has helped curb a broader slowdown in economic momentum even as indicators weakened in April‑May, a report said on Tuesday.Manufacturing makes up nearly 20 per cent of GDP and has been remarkably resilient, led by exports and inventory build-up, the report from HSBC Global Investment Research said.This is because energy-market uncertainty prompted precautionary inventory build-up – a trend most visible in consumer goods. Meanwhile, lower US t…
New Delhi, April 16 (IANS) The trade deficit widening has been pushed out rather than avoided, a report showed on Thursday, adding that if the energy shock persists and Brent oil prices stays elevated, the deficit is likely to widen in the coming months.India’s goods trade deficit came in at $20.7 billion in March, much lower than last month’s $27 billion deficit. The March deficit is usually slightly narrower, but markets expected it to widen this time as Brent is up 60 per cent YoY due to the …
New Delhi, April 6 (IANS) The Reserve Bank of India’s three-day Monetary Policy Committee (MPC) meeting began on Monday, with analysts widely expecting the central bank to keep the repo rate unchanged amid heightened uncertainty due to the West Asia conflict.The meeting — scheduled from April 6 to April 8 — comes at a time when rising crude oil prices and global geopolitical tensions have clouded the inflation outlook.While the RBI is likely to maintain the status quo in the upcoming policy,…
New Delhi, April 3 (IANS) Economists on Friday said they do not expect any change in repo rate or stance this time amid geopolitical tensions, as the Reserve Bank of India (RBI) gears up for its monetary policy committee (MPC) meeting next week.According to them, the tone will be cautious and what will be eagerly awaited is RBI’s forecast of GDP and inflation under the prevailing uncertainty. “We do not expect any measures for either liquidity or currency management as RBI will do whenever req…
New Delhi, April 2 (IANS) The Reserve Bank of India is unlikely to hike interest rates at its upcoming Monetary Policy Committee meeting next week unless crude oil prices sustain above $100 per barrel, a report said on Thursday.With “base case of oil averaging $80 per barrel in 2026, we expect no rate hikes”, an HSBC Global Investment Research report said, adding that an interest rate defence for the rupee could prove costly if the growth drag from higher oil prices becomes non-linear and intens…
New Delhi, March 9 (IANS) India’s IT sector faces a 14-16 per cent AI‑driven deflation but robust US corporate earnings in Q4 2025 and incremental investment could offset much of the hit, a report said on Monday.The report from HSBC Global Investment Research said these factors could lead to mid-single digit ‘net’ growth for some IT companies on a net basis.Top US corporate results (clients of Indian IT) remain robust in Q4 2025 and notably, the forward earnings expectations of the S&P 5…
Mumbai, Feb 2 (IANS) Lower revenue as a share of GDP has been more than offset by cuts to subsidies and spending on current schemes, leading to the smallest fiscal consolidation in six years, likely positive for growth, a new report has said.The fiscal consolidation for FY27 is the slowest in six years. And the budgeted disinvestment, which is a below-the-line funding item, is likely to see the highest rise in six years, the report from HSBC Global Investment Research said.”The central governmen…
Mumbai, Jan 30 (IANS) India’s hotel industry is in a “sweet spot” and is likely to deliver around 16 to 21 per cent earnings growth over the next three years, driven by rising room rates and improving occupancy, a report said on Friday.The report from HSBC Global Investment Research said industry‑wide EBITDA is expected to grow at a “robust 16 to 21 per cent compound annual growth rate over FY25–FY28,” supported by average room rate growth of 5 to 7 per cent a year.Further, improvements in…