The latest HSBC PMI data, compiled by S&P Global, showed that a stronger expansion in the manufacturing industry in India was more than offset by a loss of growth momentum in the service economy.
The figure, down slightly from November's 56.5 and below the 'flash' estimate of 57.4, still signaled robust growth as it remained above the long-term average of 54.1. However, the data highlighted signs of moderation in key areas, including production, new orders, and inventories.
Mumbai (Maharashtra) [India], December 17: Frost & Sullivan hosted two prestigious awards ceremonies, the India Manufacturing Excellence Awards (IMEA) and the Sustainability 4.0 Awards, on December 13, 2024, at Four Seasons Hotel Bengaluru at Embassy ONE. These events recognized industry
The manufacturing sector led the growth, with the HSBC Flash India Manufacturing PMI climbing to 57.4 from 56.5, while the Manufacturing Output Index reached 60.1, up from 59.8.
New Delhi [India], October 1: It is India's first Japanese sewing machine manufacturing factory. JUKI started their production in June 2024 as a production section of JUKI India Manufacturing Plant. The factory was inaugurated in the presence of Koji Yagi, Consulate General - Consulate Gener
On the 10th anniversary of the Make in India initiative, Union Minister of Commerce and Industry Piyush Goyal announced on Wednesday the future roadmap for the country.
On completing 10 years of the 'Make in India' initiative, Union Commerce and Industry minister Piyush Goyal highlighted that after the launch of the initiative the imports of mobiles declined by around 85 per cent.
Israel's envoy to India Reuven Azar said that Israel's relations with China were about enjoying the manufacturing capability that the Chinese market could offer, because Israel mainly exported services.
India's Manufacturing Purchasing Managers' Index (PMI) saw a slight decline in August, falling to 57.5 from 58.1 in July, according to a report HSBC India Manufacturing PMI.
Mumbai (Maharashtra) [India], August 24: L’Oréal India has announced its India operations including manufacturing plants in Baddi (Himachal Pradesh), Chakan (Maharashtra), Research & Innovation centres in Mumbai and Bengaluru, and offices in key metros have reached 100 pe