S&P Global | DD News

November 4, 2026 3:14 PM

India’s Services PMI Rises to 55.8 in October, Hits Four-Month High

India's services sector activity expanded at its fastest pace in four months in October, with the HSBC India Services Purchasing Managers' Index (PMI) rising to 55.8 from 55.2 in September, driven by stronger domestic demand and new business growth, according to data released by S&P Global on Wednesday. The seasonally adjusted Business Activity Index remained above the 50-point mark that separates expansion from contraction, indicating continued growth in business output and new orders. Th...

November 2, 2026 4:40 PM

India’s manufacturing PMI eases to 54.7 in October, export orders hit six-month high

India’s manufacturing activity witnessed a marginal moderation in October, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) declining to 54.7 from 55.1 in September. However, the sector continued to register expansion, supported by strong domestic and international demand, while price pressures eased during the month. According to data released by S&P Global, the manufacturing PMI remained comfortably above the neutral mark of 50, indicating sustained growth in the sec...

May 21, 2026 3:39 PM

Europe’s economy hit hard as energy price shock stifles demand

Economic activity in the euro zone shrank at its sharpest rate in more than two-and-a-half years in May as a war-driven surge in living costs hammered demand for services across Europe and firms accelerated layoffs, surveys showed on Thursday. S&P Global's Flash Euro Zone Composite Purchasing Managers' Index fell to 47.5 in May from 48.8 in April- its lowest since October 2023 — and below a Reuters poll forecast which predicted no change. The reading marked the second consecutive month of...

April 7, 2026 11:04 AM

NSE to launch dated Brent Crude oil futures in collaboration with S&P Global

The National Stock Exchange of India (NSE) has announced a strategic collaboration with S&P Global Energy to introduce exchange-traded derivatives based on Platts physical spot market benchmarks. As part of the initiative, NSE plans to initially launch futures contracts linked to the Platts Dated Brent benchmark, a globally recognised pricing standard for crude oil. S&P Global Energy will serve as the provider of benchmark data and pricing for these contracts. The exchange has received...

August 14, 2025 4:38 PM

S&P Global upgrades India’s sovereign credit rating to ‘BBB’ from ‘BBB-‘

Credit rating agency S&P Global on Thursday upgraded India’s long-term unsolicited sovereign credit rating to "BBB" from the earlier "BBB-", citing economic resilience and sustained fiscal consolidation. BBB and BBB- are credit ratings given by agencies like S&P and Fitch to show how safe or risky a borrower (like a company or government) is for investors. In a note, S&P Global stated that the stable outlook reflects continued policy stability and high infrastructure investment...

May 6, 2025 2:38 PM

India’s services sector sees stronger growth in April as PMI rises to 58.7: HSBC

India’s services sector regained momentum in April after a brief slowdown in March, according to the latest HSBC Services PMI data released by S&P Global. The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 58.7 in April, up from 58.5 in March, indicating a sharp and stronger expansion in business activity. The latest reading is also well above the long-run average of 54.2. “After experiencing a slowdown in March, growth of business activity in the Indian se...

February 4, 2025 2:30 PM

India’s fiscal roadmap: strong growth and stability despite tax cuts, says S&P Global

India's Union Budget for 2025 signals steady fiscal consolidation and reinforces a positive outlook for the country's sovereign credit ratings, according to a recent report by S&P Global Ratings. The government has projected a fiscal deficit of 4.8% of GDP for the year ending March 31, 2025, slightly lower than the earlier estimate of 4.9% presented in the Union Budget on February 1. Looking ahead to fiscal 2026, India has set an even more ambitious target, aiming for a fiscal deficit of 4....

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...

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...