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HSBC cuts FY14 growth forecast to 4% from 5.5%

Last Updated: Monday, September 02, 2013, 12:57

HSBC on Monday lowered India's GDP forecast for the current financial year to 4 percent from 5.5 percent earlier saying economic uncertainty is likely to weigh on the growth forecast in the coming months.

HSBC India services PMI jumps to 3-month high in May

Last Updated: Wednesday, June 05, 2013, 11:40

The services sector which accounts around 60 percent of the India's GDP expanded largely driven by higher levels of new work placed at private sector firms in India.

Manufacturing activities may gain momentum in coming months: Survey

Last Updated: Thursday, May 02, 2013, 16:14

HSBC said that growth needs a boost from further policy reforms and stepped up implementation of infrastructure related investment projects.

HSBC India expects to maintain growth at 22%

Last Updated: Thursday, April 12, 2012, 17:45

Global banking major HSBC on Thursday said it expects to maintain its last year's growth rate of 22 percent in India during the current year as well.