HSBC India Services PMI eased to 58.9 in October, but manufacturing regained momentum on GST relief and stronger productivity.
2 min read6 Nov 2025India’s latest manufacturing data shows the sector gaining momentum, a sign that GST cuts have stoked demand and production. Amid global trade headwinds, can this upswing withstand external shocks?
1 min read4 Nov 2025The HSBC Flash India Composite PMI Output Index, compiled by S&P, decreased to 59.9 in October from 61 in September, indicating a slight moderation in overall private sector growth.
2 min read24 Oct 2025Asia’s manufacturing recovery shows mixed signals in September, with India’s PMI easing slightly while China and South Korea regained momentum. Mint breaks down the numbers and what they mean for the region’s factories.
4 min read17 Oct 2025Despite the dip, September was the fourth straight month with the index above 60, signalling strong business expansion and resilient demand.
2 min read6 Oct 2025The drop in the headline index may be a one-off as manufacturers are confident that GST cuts will boost domestic demand. And while demand from other countries may be offsetting a drop in demand from the US, it's too early to celebrate the increase in exports.
2 min read1 Oct 2025A well-tracked gauge of this sector’s activity suggests strong momentum last month, with export orders rising sharply. Price levels may need to be watched for a well-rounded view.
1 min read4 Sep 2025India's key services sector extends its four-year growth streak, underscoring sustained economic momentum.
2 min read3 Sep 2025The HSBC India Manufacturing Purchasing Managers’ Index (PMI) climbed to 59.3 in August from 59.1 in July.
2 min read1 Sep 2025The HSBC flash India Composite Output Index, which tracks month-to-month changes in combined output across manufacturing and services, jumped to 65.2 in August from 61.1 in July.
2 min read21 Aug 2025The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared