pranjul bhandari

India's manufacturing sector experienced robust growth in April, marked by the fastest output increase since June 2024. The HSBC India Manufacturing PMI climbed to 58.2, signaling the strongest improvement in ten months. A significant surge in exports, driven by rising international demand and potentially influenced by global trade tensions, fueled this expansion.

India's manufacturing sector surged in April, reaching a 10-month high driven by strong export orders and output growth. Companies increased selling prices at the fastest rate in over 11 years due to rising costs. Hiring activity also accelerated, reflecting robust demand and positive business confidence for the year ahead.

India's private sector experienced robust expansion in April, reaching an eight-month high driven by strong demand and a surge in foreign orders, particularly for manufactured goods. The Composite PMI climbed to 60.0, signaling the strongest growth since August, with manufacturing hitting a one-year high. New export orders soared, boosting output and employment across both manufacturing and service sectors.

India's manufacturing sector experiences a slowdown in February, hitting a 14-month low with a PMI of 56.3. Despite the deceleration, growth remains robust driven by strong global and domestic demand, leading to increased purchasing activity and significant job creation.

Stock market today: The BSE Sensex advanced by 740 points whilst Nifty ended its 10-day decline on Wednesday, driven by value buying in utilities and power sectors, alongside positive global market trends.

Mumbai, Mar 31 () Foreign brokerage HSBC today said despite financial support from the Centre, Indian state governments' fiscal deficit widened more than budgeted and the gap will remain at the elevated level in 2017-18.

New Delhi, Mar 2 () The economic impact of demonetisation has been "sizeable but not catastrophic" and the country's growth momentum is expected to be U-shaped going forward, experts believe.

HSBC has raised its FY24 growth forecast to 5.8% from 5.5% and lowered its inflation expectation to 5% from 5.4%, citing an improved macroeconomic environment.

New Delhi, Feb 2 () 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.

Achieving 8.2% growth during the 12th Plan period (2012-17) will not be easy and a fresh approach to economic issues is needed to push growth, a Planning Commission study has said.

The rupee breached the 77 level against the dollar for the first time on Monday as India was seen to be the worst impacted by the crude oil surge in the wake of the Russia-Ukraine conflict.

The rupee breached the 77 level for the first time on Monday as India was seen to be the worst impacted by the crude oil surge in the wake of the Russia-Ukraine conflict.

A day after the government reported an all-time high trade deficit of $25.6 billion for June, the rupee hit a new low of 79.37 at Tuesday’s close.

The withdrawal of high denomination currency notes would provide the headroom to provide a policy stimulus to the Indian economy in the next budget.

Banks are gearing up to manage the reverse flow of Rs 2,000 banknotes from Tuesday. The Reserve Bank of India (RBI) estimates that most of the Rs 3.6 lakh crore of this high-denomination banknote in circulation will be turned in over the next four months.

There is a possibility that Tuesday’s monetary policy statement by Raghuram Rajan might be the last to be made by an RBI governor. With the government set to put in place a monetary policy committee, future announcements are likely to be made by the panel which would be dominated by RBI officials.