HSBC | DD News

April 6, 2026 12:03 PM

India’s services growth eases in March; PMI at 57.5: HSBC

India’s services sector growth moderated in March, with the HSBC India Services PMI falling to 57.5 from 58.1 in February, marking the slowest pace of expansion in 14 months, according to a report released on Monday. Despite the decline, the index remained well above its long-term average, indicating continued expansion in the sector. The report attributed the softer growth to a slowdown in new business inflows, even as international demand remained strong. Output growth also eased, reflecti...

October 9, 2025 1:36 PM

HSBC launches Innovation Banking in India, allocates $1 billion to support startups

HSBC India on Thursday announced the launch of its ‘Innovation Banking’ in India, which offers banking and financing solutions to support entrepreneurial businesses throughout their lifecycle, from seed to IPO, as well as their investors. The bank plans to allocate $1 billion in non-dilutive debt capital to support Indian startups. The funding targets growth of companies from early- to late-stage in scaling their operations without diluting equity, helping founders and investors to retain g...

October 6, 2025 2:08 PM

India’s services growth eases in September, PMI at 60.9

India’s services sector activity remained robust in September, with the HSBC India Services Purchasing Managers’ Index (PMI) registering 60.9, according to data released by S&P Global on Monday. Pranjul Bhandari, Chief India Economist at HSBC, said while the reading was slightly lower than August’s recent high, “most trackers moderated, but nothing in the survey suggested a big loss in growth momentum in services.” She noted that the Future Activity Index rose to its highest level...

September 24, 2025 5:02 PM

HSBC upgrades Indian equities to overweight from neutral

HSBC Global Investment Research has upgraded Indian equities to overweight from neutral, citing their growing attractiveness on a regional basis. The firm noted that US tariffs are likely to have minimal impact on the profits of most listed Indian companies. Despite significant foreign fund outflows over the past 12 months, which coincided with a period of market underperformance, domestic investors have remained resilient, the report said. HSBC observed that while earnings growth expectations ...

June 2, 2025 4:14 PM

India manufacturing PMI stands at 57.6 in May: HSBC

India’s manufacturing sector maintained strong momentum in May, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) posting a reading of 57.6, according to data released Monday. While slightly below April’s 58.2, the index remained comfortably above the neutral 50 mark, indicating sustained growth. The PMI data, compiled by S&P Global, signalled another robust month for the sector. "India’s May manufacturing PMI signalled another month of robust growth in the...

February 21, 2025 12:32 PM

India’s private sector growth hits six-month high in February: HSBC flash PMI data

India's private sector output reached a six-month high in February, driven by a sharp expansion in services activity, according to the latest HSBC Flash PMI data. The seasonally adjusted HSBC Flash India Composite Output Index rose to 60.6 from 57.7 in January, marking its strongest growth since August 2024 and remaining above its long-term average. The services sector was the key contributor to this growth, with the HSBC Flash India Services PMI Business Activity Index climbing to 61.1 from 5...

February 3, 2025 3:42 PM

India’s manufacturing PMI reaches six-month high amid strong demand

India’s manufacturing sector witnessed a strong start to 2025, rebounding from a period of moderated growth in December. With new orders rising at the fastest pace since last July, the sector benefitted from a sharp increase in exports, marking the steepest upturn in nearly 14 years, according to the HSBC India Manufacturing PMI for January. The survey highlighted a stronger expansion in output, supported by robust domestic and international demand. "India's final manufacturing PMI reached a...

January 6, 2025 4:15 PM

India’s services sector growth surges to 4-month high in Dec: report

India’s services sector growth reached a four-month high in December, driven by robust demand that boosted business activity and supported strong job creation, according to a survey released on Monday. The HSBC India Services Purchasing Managers' Index, compiled by S&P Global, rose to 59.3 in December from 58.4 in November, marking the highest level since August. Companies attributed strong underlying demand as the primary driver of output growth in the services sector. In some instances...

January 2, 2025 1:58 PM

India’s manufacturing sector sees robust job growth; December PMI at 56.4

India’s manufacturing sector displayed resilience in December 2024, recording its tenth consecutive month of employment growth and achieving the fastest pace of job creation in four months, according to the HSBC India Manufacturing Purchasing Managers' Index (PMI). Approximately 10% of surveyed companies reported workforce expansion, reflecting sustained optimism within the sector. Meanwhile, post-production inventories registered their sharpest decline in seven months, driven by strong sales...

December 16, 2024 1:19 PM

Indian economy makes strong end to 2024; Composite PMI for December hits 60.7

India’s economy has shown strong performance as it closes out 2024, with the HSBC Flash India Composite Output Index rising to 60.7 in December, up from 58.6 in November. This marks the highest expansion in economic activity since August 2024, according to data compiled by S&P Global. India’s private sector recorded robust growth in December, achieving its best performance in four months. Both the manufacturing and services sectors experienced accelerated growth, fueled by a surge in ne...