Tag: HSBC
6 Results
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Coming to grips with the new world order
China passes the US to become the world’s largest economy by 2030, while India overtakes Japan, Germany, the UK and France to become number three. The economies of the emerging world as a whole become bigger than those of the developed world. That is the scale of the shift of power predicted in a new …
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September 28, 2018 -
India may become third-largest economy in next 10 yrs: HSBC
Reforms over the past year have created disruption in India’s GDP numbers, but the medium term potential looks bullish, and considering the growth trend, it could become the world’s third-largest economy in the next decade, says an HSBC report. According to the global financial services major, although reforms over the past year have caused disruptions …
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September 29, 2017 -
RBI to cut repo rate by 25 bps on 2 Aug
The Reserve Bank is expected to go for a 25 basis points (bps) repo rate cut in its policy review meet on August 2 as inflation is likely to have reached a new normal of 4 per cent, says an HSBC report. According to the global financial services major, inflation in India has fallen dramatically, …
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July 27, 2017 -
7th Pay Commission allowances to bump up inflation temporarily
The Seventh Pay Commission and implementation of GST has put inflation in an uncertain zone, and prices are expected to rise temporarily, says an HSBC report. Both GST and HRA increase have kicked in from July 1 and though the pay commission allowances are likely to bump up inflation, the Reserve Bank is expected to …
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July 2, 2017 -
‘Indian economy likely to grow 7.1% in 2017-18’
India is expected to clock a GDP growth of 7.1 per cent in 2017-18 as the country gets sufficiently remonetised and the schemes in the Budget play a supportive role, says an HSBC report. The uptick in the growth numbers would be largely driven by the remonetisation process which is expected by April end as …
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February 2, 2017 -
HSBC revises 2016-end forecast for USD-INR to 66
Global financial services major HSBC has revised year-end forecast for Indian Rupee to 66 from 69, citing "improved domestic backdrop" and said the domestic currency will steadily strengthen against the dollar. According to HSBC, lower currency volatility has been an important attribute for the Rupee and has had the positive effect of boosting confidence and …
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September 12, 2016