Tag: S&P Global

S&P Global upgrades India’s rating after 18 years to ‘BBB’, cites economic resilience & fiscal consolidation

S&P Global upgrades India’s rating after 18 years to ‘BBB’, cites economic resilience & fiscal consolidation

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The S&P Global logo. | Photo Credit: Reuters The ratings agency S&P Global has after an 18-year gap upgraded India’s rating, to BBB from BBB-, citing the country’s “economic resilience and fiscal consolidation”. S&P also kept India’s long-term outlook as ‘stable’.  In a post on X, the Ministry of Finance welcomed the decision, saying it […]

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Manufacturing output, orders rebound in November: S&P Global PMI

Manufacturing output, orders rebound in November: S&P Global PMI

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A worker cuts metal inside a workshop manufacturing metal pipes in Mumbai, India August 11, 2017. | Photo Credit: Reuters In November, India’s manufacturing sector recorded the best uptick in output and new orders since August and falling input costs lifted sentiment to an eight-year high, as per the S&P Global India Manufacturing Purchasing Managers’ […]

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S&P cuts India’s growth forecast to 7% for FY23

S&P cuts India’s growth forecast to 7% for FY23

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S&P projected inflation to average 6.8% in current fiscal year and RBI’s benchmark interest rate to rise to 6.25% by March 2023. S&P Global Ratings on November 28 cut India’s economic growth forecast for current fiscal year to 7%, but said the domestic demand-led economy will be less impacted by the global slowdown. S&P had in September […]

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India has ample forex buffers to withstand pressure on credit worthiness: S&P Global

India has ample forex buffers to withstand pressure on credit worthiness: S&P Global

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Country has strong external balance sheet, limited external debt, says ratings director Country has strong external balance sheet, limited external debt, says ratings director India has built up buffers against cyclical difficulties and has ample foreign exchange reserves to withstand pressure on credit worthiness, S&P Global Ratings said on Thursday. Speaking at the India Credit […]

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Services sector growth slipped to four-month low in July: S&P Global PMI

Services sector growth slipped to four-month low in July: S&P Global PMI

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India’s services sector growth hit a four-month low as demand weakened amid inflation pressures, as per the S& S&P Global India Services Purchase Managers’ Index (PMI) which moderated to 55.5 in July from an 11-year high of 59.2 in June. A reading of 50 on the PMI indicates no change in business activity levels. While […]

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Services sector growth slipped to four-month low in July: S&P Global PMI

S&P India services sector PMI growth falls to 4-month low in July

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The seasonally adjusted S&P Global India Services Purchasing Managers’ Index Business Activity Index fell from 59.2 in June to 55.5 in July, pointing to the slowest rate of growth in four months. The seasonally adjusted S&P Global India Services Purchasing Managers’ Index Business Activity Index fell from 59.2 in June to 55.5 in July, pointing […]

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