Khloe Kardashian
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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.
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.
India's services sector growth sees sharp uptick in Feb on new work orders amid strong demand: PMI
The HSBC India Services PMI Business Activity Index rose to 59.0 in February, bouncing back sharply from January's 26-month low of 56.5, indicating a firm rate of expansion.
India's Private Sector Output Reaches 6-Month High in February: HSBC Survey
The survey also reflected an increased overall sales level, which resulted in higher operation needs and urged companies to increase the number of employees.
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