India’s private sector activity continues to expand; PMI eases to 58.1
India’s private sector activity continued to expand in May, signalling sustained but marginally softer growth momentum.
India’s private sector activity continued to expand in May, signalling sustained but marginally softer growth momentum.
India’s manufacturing sector slowed in March as growth in activity moderated due to rising costs, competitive pressures and global uncertainty, according to the HSBC India Manufacturing PMI report.
Proceeds from the facility will be used for general banking and corporate purposes, according to the statement.
Despite the decline, the index remained well above the 50 threshold that separates growth from contraction, indicating that overall operating conditions in the sector stayed positive.
The HSBC Flash India Composite Output Index fell to 58.9 in December from 59.7 in November, growing at its slowest pace since February, said data released by S&P Global on Tuesday.
Chairman of ArcelorMittal, LN Mittal, tops the HSBC Hurun Global Indians List 2024 with an estimated wealth of Rs 1,84,500 crore.
The Indian combination, making a comeback of sorts on the BWF circuit following an injury to Satwik, made a strong start against the Malaysian but struggled to counter the game plan of their opponent at the back end of both games and lost 21-18, 21-14 in 37 minutes.
Analysts at HSBC downgraded Indian equities to 'Neutral' from 'Overweight’.
The final India Services Purchasing Managers' Index (PMI) for December 2024 rose to 59.3 points, an increase from 58.4 points recorded in November.
Around one-in-10 companies recruited extra staff, while fewer than 2 per cent of firms shed jobs in 2024, according to the ‘HSBC India Manufacturing PMI’ report.
