S&P Global Archives

May 21, 2026 3:41 PM

Europe’s economy hit hard as energy price shock stifles demand

Economic activity in the euro zone shrank at its sharpest rate in more than two-and-a-half years in May as a war-driven surge in living costs hammered demand for services across Europe and firms accelerated layoffs, surveys showed on Thursday. S&...

August 14, 2025 4:38 PM

S&P Global upgrades India’s sovereign credit rating to ‘BBB’ from ‘BBB-‘

Credit rating agency S&P Global on Thursday upgraded India’s long-term unsolicited sovereign credit rating to "BBB" from the earlier "BBB-", citing economic resilience and sustained fiscal consolidation. BBB and BBB- are credit ratings given b...

May 6, 2025 12:45 PM

India’s services sector sees stronger growth in April as PMI rises to 58.7: HSBC

India’s services sector regained momentum in April after a brief slowdown in March, according to the latest HSBC Services PMI data released by S&P Global. The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 58.7 in ...

February 4, 2025 2:33 PM

India’s fiscal roadmap: strong growth and stability despite tax cuts, says S&P Global

India's Union Budget for 2025 signals steady fiscal consolidation and reinforces a positive outlook for the country's sovereign credit ratings, according to a recent report by S&P Global Ratings. The government has projected a fiscal deficit of 4...

January 6, 2025 2:54 PM

India’s services sector growth surges to 4-month high in Dec: report

India’s services sector growth reached a four-month high in December, driven by robust demand that boosted business activity and supported strong job creation, according to a survey released on Monday. The HSBC India Services Purchasing Managers' ...

December 16, 2024 1:23 PM

Indian economy makes strong end to 2024; Composite PMI for December hits 60.7

India’s economy has shown strong performance as it closes out 2024, with the HSBC Flash India Composite Output Index rising to 60.7 in December, up from 58.6 in November. This marks the highest expansion in economic activity since August 2024, acco...

October 4, 2024 2:57 PM

India’s services sector growth hits lowest level since November 2023

India's services sector growth, measured by new business, international sales, and output, has slowed to its lowest rate since November 2023, according to the HSBC India Services PMI released on Friday. The survey, compiled by S&P Global, indicat...

September 23, 2024 4:37 PM

Sterling at two-year peak versus euro after PMI data

Sterling dipped against the dollar on Monday but touched a new two-year high versus the euro as business activity readings pointed to diverging economic cycles in the British and euro zone economies. The pound slipped 0.2% to $1.3298, hovering below...

March 28, 2024 11:47 AM

India emerges as key player in growth and innovation, global vegetable seeds market thrives: S&P GCI

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March 27, 2024 4:58 PM

Morgan Stanley raises India’s GDP growth forecast to 6.8 per cent for FY25

After S&P Global, Morgan Stanley has revised its GDP growth forecast upwards for the financial year 2024-25 (FY25) to 6.8 per cent, up from its previous estimate of 6.5 per cent. The firm also revised its growth forecast for the ongoing financial...