S&P Global

December 16, 2024 4:19 PM

India’s banking sector set for continued resilience amid strong economic growth: S&P Global

India’s financial sector is set for continued resilience, driven by structural improvements and strong economic growth, according to S&P Global Ratings' 2025 banking outlook. “We expect asset quality to stabilize, with weak loans projected to decline to around 3.0% of gross loans by March 2025. This is supported by healthy corporate balance sheets and improved risk management,” said Deepali Seth-Chhabria, Analyst at S&P Global Ratings. While underwriting standards for retail loan...

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...

October 4, 2024 4:56 PM

India’s services sector growth hits lowest level since November 2023

India's services sector growth, measured by new business, international sales, and output, has slowed to its lowest rate since November 2023, according to the HSBC India Services PMI released on Friday. The survey, compiled by S&P Global, indicates that while the performance of the sector remains historically strong, the growth rate has moderated. In September, the index value was above the neutral mark of 50.0, falling from 60.9 in August to 57.7. This decline signals a softer, yet still r...

March 28, 2024 11:46 AM

India emerges as key player in growth and innovation, global vegetable seeds market thrives: S&P GCI

The global vegetable seeds market, valued at approximately USD 8 billion in 2022, continues to expand, driven by increasing demand for diverse vegetable varieties worldwide. According to S&P Global Commodity Insights (GCI), India stands prominently among the top players in this sector, alongside countries such as China, Japan, and the United States. The vegetable seeds market, characterised by its highly fragmented nature, presents both opportunities and challenges for industry stakeholder...