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India's Manufacturing Sector Keeps Up Robust Growth Pace In April: HSBC Survey

India's Manufacturing Sector Keeps Up Robust Growth Pace In April: HSBC Survey
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USD/INR turns red following Indian PMI data

USD/INR turns red following Indian PMI data
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India's manufacturing sector keeps up robust growth pace in April: HSBC survey

India's manufacturing sector continued to grow at a robust pace in April on the back of strong demand although it was a tad lower than the record-high that it touched in March, according to an HSBC survey released on Thursday.India has emerged ...

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Strong demand keeps manufacturing activity robust in April: PMI survey

India Business News: NEW DELHI: Riding high on robust domestic demand activity in the country’s manufacturing sector in April recorded the second fastest expansion in thre.

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India's manufacturing PMI slips to 58.8 in April from 16-year high in March

The headline Purchasing Managers' Index (PMI), released by HSBC, slipped to 58.8 in April from a 16-year high of 59.1 recorded in March.

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Two foreign banks optimistic on BJP show

MUMBAI:Two multinational banks, Nomura and HSBC, have said that the upcoming general elections in India polls point to continuity at the Centre, and h.

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India needs 'hard reforms' to reach 7.5% growth, HSBC says - The Hindu BusinessLine

India needs 'hard reforms' to reach 7.5% growth, HSBC says - The Hindu BusinessLine
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Nomura, HSBC optimistic about BJP's win in Lok Sabha elections, call for reforms to boost growth

Nomura analysts say government may consider land, capital and judicial reforms and simplifying taxes. HSBC expects the BJP's to get 323 seats against 303 in 2019

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Global banks bet big on Modi 3.0: Expect tougher reforms to spur growth

Global banks bet big on Modi 3.0: Expect tougher reforms to spur growth
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Lok Sabha polls: Foreign banks optimistic about BJP's performance in Lok Sabha elections

Nomura and HSBC, multinational banks, foresee continuity at the Centre following India's ongoing Lok Sabha elections. They advocate tougher reforms, including land and labor reforms, to boost growth. Nomura predicts average annual GDP growth of 7% between 2024-28 and suggests politically contentious reforms around land, labor, and capital. HSBC predicts BJP's increased tally from 303 to 323 seats, with the NDA coalition reaching 377, and suggests that easy-to-moderate reforms could deliver 6.5% growth, while moderate-to-hard reforms are needed for over 7.5% growth.

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