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  • Services activity eases to a five-month low in October

    Manufacturing expands faster for the first time in nine months

  • Global manufacturing rebounds in October; Asia leads as India, Thailand, Vietnam shine

    Global manufacturing rebounds in October; Asia leads as India, Thailand, Vietnam shine

    Asia PMI hits 14-month high; India continues to drive global factory output

  • Manufacturing activity rebounds in October; festive demand, GST cuts lift sentiment

    Manufacturing activity rebounds in October; festive demand, GST cuts lift sentiment

    HSBC PMI rises to 59.2, up from 57.7 in September and the fifth month it has stayed above 58 this year

  • India’s services growth eases in September but holds strong, shows PMI data

    India’s services growth eases in September but holds strong, shows PMI data

    The HSBC India Services Purchasing Managers’ Index (PMI) fell to 60.9 from a 15-year high of 62.9, clocked in August. Experts believe that services - particularly IT, financial, and digital segments - will play a key role in helping India realise its vision of becoming a developed economy by 2047.

  • Manufacturing activity slips to four-month low of 57.7 in September

    Manufacturing activity slips to four-month low of 57.7 in September

    September is the first month since June that the PMI slipped below the 58 mark. Job creation was at its lowest level in four months

  • India’s business activity eases in September but PMI still above 60

    India’s business activity eases in September but PMI still above 60

    The Flash HSBC India Composite PMI Output Index came in at 61.9, the fourth straight month it has stayed above the 60 mark

  • Inflation risks loom as PMI data show strongest growth in 17 years

    Inflation risks loom as PMI data show strongest growth in 17 years

    Robust demand and pricing power point to a heating economy and core inflation pressures, even as policymakers approve additional stimulus through GST rate cuts

  • Services activity hits 15-year high in August, composite PMI signals strong Q2 momentum

    Services activity hits 15-year high in August, composite PMI signals strong Q2 momentum

    India’s services PMI rose to 65.6, while manufacturing grew at its fastest pace in 18 years high, pointing to sustained growth despite global headwinds

  • What tariffs? PMI data shows manufacturing rising across Asia

    What tariffs? PMI data shows manufacturing rising across Asia

    India’s momentum was supported by resilient domestic demand and improved pricing power. Elsewhere in Asia, China’s PMI returned to expansion at 50.5, up from 49.5 in July; Malaysia touched a 15-month high, Thailand reached a 13-month high, and Indonesia hit a five-month peak

  • Manufacturing activity rises to a near 18 year high of 59.3 in August

    Manufacturing activity rises to a near 18 year high of 59.3 in August

    The performance of manufacturing sector is in line with the first quarter performance when the sector grew 7.7 percent compared with 7.6 percent in Q1FY25.

  • Business activity zooms to an all time high of 65.2 in August: HSBC

    Business activity zooms to an all time high of 65.2 in August: HSBC

    Manufacturing retained strong momentum, with the sector’s PMI estimated to climb to a near 18-year high of 59.8. The services activity rose to a record 65.6

  • Services activity remains strong at 60.5 in July: HSBC PMI

    Services activity remains strong at 60.5 in July: HSBC PMI

    India’s manufacturing PMI rose to a 16-month high of 59.1 in July, up from 58.4 in the previous month

  • GST collections rise 7.5% to Rs 1.96 lakh crore in July

    GST collections rise 7.5% to Rs 1.96 lakh crore in July

    Although collections remained above Rs 1.8 lakh crore for a seventh consecutive month, they were lower than the Rs 2.1 lakh crore average achieved in the first quarter of FY26

  • Manufacturing PMI rises to 16-month high of 59.1 in July

    Manufacturing PMI rises to 16-month high of 59.1 in July

    July marks second consecutive month with PMI above 58, signalling robust industrial momentum despite global headwinds

  • July Manufacturing PMI hits 17-1/2-year high in a sign of robust growth momentum

    July Manufacturing PMI hits 17-1/2-year high in a sign of robust growth momentum

    This PMI surge marks a significant acceleration from 58.4 reading in June, and indicates a robust improvement in factory operating conditions, supported by a surge in both domestic and international demand.

  • US business activity slows in June, even as the world recovers

    US business activity slows in June, even as the world recovers

    India’s composite PMI rose sharply to a 14-month high of 61.0 in June, from 59.3 in May, driven by strong growth in both manufacturing (58.4) and services (60.7).

  • India’s service activity rises to a 10-month high of 60.4 in June

    India’s service activity rises to a 10-month high of 60.4 in June

    June also marks the first time this year that services activity crossed 60

  • Indian economy ends first quarter of FY26 on a mixed footing

    Indian economy ends first quarter of FY26 on a mixed footing

    Consumption shows a slip in June after strong showing in two months, manufacturing picks up on back of strong export orders

  • Factory activity rises to a 14-month high of 58.4 in June

    Factory activity rises to a 14-month high of 58.4 in June

    The quarterly outlook for manufacturing also seems to be better, with the index reading at 58.1 compared with 57.4 in the previous month

  • India's business activity rises to a 14-month high of 61 in June

    India's business activity rises to a 14-month high of 61 in June

    The PMI has now recorded an above 59 reading for three months running, higher than 58.7 in the previous quarter

  • India’s business activity slows a bit in May

    India’s business activity slows a bit in May

    The HSBC Business Activity Index declined marginally to 59.3 in May from 59.7 in the previous month, mirroring a wider trend as Australia and Japan also slip

  • Services activity rises to a 3-month high of 58.8 in May

    Services activity rises to a 3-month high of 58.8 in May

    The performance of services contrasts with the manufacturing sector, which dipped to a three-month low of 57.6 for the month

  • Manufacturing PMI declines to three month low of 57.6 in May

    Manufacturing PMI declines to three month low of 57.6 in May

    May marks the first decline in the HSBC India Manufacturing Purchasing Managers' Index since US President Donald Trump imposed tariffs on April 2.

  • India’s business activity weathers another month of Trump tariffs as other nations struggle

    India’s business activity weathers another month of Trump tariffs as other nations struggle

    Data shows that developed nations across Asia and Europe are in a much tougher fix with the world economy continuing to struggle with high tariffs.

  • India's business activity rises to 13-month high of 61.2 in May, shows HSBC Composite PMI

    India's business activity rises to 13-month high of 61.2 in May, shows HSBC Composite PMI

    The Indian economy is likely to come out stronger compared to others, with IMF expecting only a 0.3 percentage points drop in growth to 6.2 percent compared with 6.5 percent projected earlier

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