New Delhi, May 11 (IANS) India’s gross domestic product (GDP) is expected to grow 6.6 per cent in fiscal 2027 while retail inflation will average 5.1 per cent in FY27 amid the geo-political tensions, a report said on Monday.Prolonged closure of the Strait of Hormuz has pushed Brent crude price forecasts up to $90‑95 per barrel from $82‑87 previously and is expected to keep crude oil prices elevated for longer, the report from Crisil Ratings said.The ongoing conflict has underscored the imp…
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New Delhi, April 23 (IANS) Private sector activity in India accelerated in April, supported by capacity expansion, better demand conditions, rising intakes of new work and tech investment, the HSBC ‘Flash India PMI Composite Output Index’ showed on Thursday.The seasonally-adjusted index, that measures the month-on-month change in the combined output of India’s manufacturing and service sectors – was up from a final reading of 57.0 in March to 58.3 in April.New orders rose at a quicker pace t…
New Delhi, April 6 (IANS) India’s services sector continued to expand in March, supported by strong international orders and rising business confidence even as domestic new‑business growth eased, a report said on Monday.The HSBC India Services PMI report compiled by S&P Global said that India Services PMI or the headline figure remained above its long‑run average of 54.4.The seasonally adjusted HSBC India Services PMI Business Activity Index eased from 58.1 in February to 57.5 in March…
New Delhi, April 2 (IANS) India’s manufacturing PMI eased to 53.9 in March as disruptions linked to the conflict in the Middle East are reverberating through the global economy and weighing on Indian manufacturers, the HSBC Flash India PMI data showed on Thursday.Firms also faced an intensification of cost pressures, the steepest since August 2022. That said, companies mostly absorbed added expenses, as indicated by a modest uptick in selling charges that was the least pronounced in two years,…
New Delhi, March 25 (IANS) India’s growth remains resilient at an estimated 7.1 per cent for FY27, even as geopolitical tensions in the Middle East pose challenges to the broader Asia-Pacific region, according to a report by S&P Global on Wednesday.In its latest economic outlook, S&P Global has highlighted that India remains among the fastest-growing major economies, supported by strong domestic demand, steady exports, and a gradual recovery in private investment.S&P has projected …
New Delhi, March 24 (IANS) The output growth eased across both manufacturing and services sectors in India in the month of March as the energy shock unfolds amid the West Asia tensions, the HSBC Flash India PMI data showed on Tuesday.The PMI Composite Output Index – a seasonally adjusted index that measures the month-on-month change in the combined output of India’s manufacturing and service sectors – stood at 56.5 in March.“Softer domestic demand weighed on new orders, which rose at the…
New Delhi, March 20 (IANS) Liquefied petroleum gas loadings from the US destined for India have risen and surpassed volumes from traditional Gulf suppliers as the country diversifies its LPG supply amid Middle East conflict, a new report has said.The report from S&P Global said India’s weekly LPG imports fell to 265,000 metric tonnes (mt) in the week ended March 19, 2026, down from 3,22,000 mt in the week ended March 5, 2026.”India is stepping up efforts to diversify its LPG supply base, i…
New Delhi, March 2 (IANS) The manufacturing PMI in India rose from 55.4 in January to a four-month high of 56.9 in February, as a substantial improvement in domestic demand for Indian goods fuelled new order intakes and spurred the greatest upturn in production volumes for four months, S&P Global data showed on Monday.The latest figure of seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) was consistent with a marked improvement in the health of the sector.“Ind…
New Delhi, Feb 20 (IANS) The PMI data for February signalled stronger output growth as the HSBC Flash India PMI rose from 58.4 in January to 59.3 this month — indicating the strongest rate of expansion for three months, the data compiled by S&P Global showed on Friday.The acceleration was driven by a quicker upturn in factory production, as growth of services activity was broadly similar to that registered at the start of the 2026 calendar year.“The manufacturing industry strengthened in…
Mumbai, Feb 13 (IANS) China’s nationwide primary property sales are expected to fall 10–14 per cent as a persistent glut of completed housing keeps a market recovery out of reach, a new report has said.The report from S&P Global said the completed primary inventory rose for the sixth year in a row to 766 million square metres by 2025 end, up 1.6 per cent (year-on-year).Completed inventory at end-2025 was 45 per cent higher than the 10-year average prior to the downturn, the report further …