Dharampal Gulati
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April Sees Steady Growth in India's Services Sector; Composite PMI Hits 8-Month Peak
This reflects steady growth, with a PMI above 50 indicating expansion, and the index tracing an upward path reflecting steady improvement in the sector.
HSBC Report Highlights Strong Expansion in India's Manufacturing and Services Sectors in April
The PMI in April posted a healthy 60, higher than the March reading in spite of lingering trade-related risks. A reading of 50 marks the level between expansion and contraction.
India's Services Sector Maintains Strong Growth in March
Meanwhile, the HSBC India Composite PMI Output Index rose to a seven-month high of 59.5, from February's 58.8, as another month of strong growth was recorded.
India's Manufacturing Sector Sees Strong Growth and Increased Hiring in March: HSBC
The HSBC Flash India Composite Output Index was unchanged at 58.6 in March, marginally below February's final reading of 58.8. The figure for March was still comfortably higher than the long-run average of 54.7, though, indicating still strong growth.
RBI May Cut Interest Rates Next Month as Inflation Eases: HSBC
The RBI has already started a rate-cutting cycle and will have to come out with another 25 basis points (bps) cut in its April monetary policy committee (MPC) meeting, reducing the repo rate to 6%," the report added.
IndusInd Bank Stock Plunges 20%, Wiping Out ₹14,000 Crore in Market Value
The report emphasized that India's recovery will be aided by the unwinding of excessive fiscal and monetary tightening, which had previously constrained growth.
EPFO 3.0: Soon, Withdraw Your PF Amount Directly from ATMs – Here's How
Union Labour Minister Mansukh Mandaviya made the announcement while inaugurating an event in Hyderabad, emphasizing the way this change will provide higher convenience, speedier transactions, and better digital services for EPFO members.
India's services sector recorded robust growth in Feb: HSBC
This growth momentum also led to a significant increase in employment, with the creation of jobs at one of the highest levels since December 2005 when data collection commenced.
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