Supply Shocks and Falling Reserves Global oil reserves experienced an unprecedented decline in April as the escalating conflict involving Iran and the subsequent closure of the Strait of Hormuz severely disrupted international energy logistics. According to data released by S&P Global Energy on May 6, crude stockpiles plummeted by nearly 200 million barrels, representing a…
S&P Global Ratings has revised India’s economic growth forecast downward to 6.6% for the 2026-27 fiscal year, citing significant external pressures that threaten to dampen the nation’s momentum. The agency identified ongoing energy supply disruptions, volatile global oil and gas prices, and heightened currency fluctuations as the primary catalysts for this tempered outlook. Context of…
The ongoing conflict in West Asia represents the most significant test of India’s economic resilience in recent years, according to a comprehensive report titled
Surging Growth in the Services Economy India’s services sector demonstrated significant resilience in April, with the HSBC India Services Purchasing Managers’ Index (PMI) climbing to a five-month high of 58.8, up from 57.5 in March. Compiled by S&P Global, the survey highlights a robust recovery in output and new order intakes, signaling strong economic momentum…
Supply Disruptions Trigger Historic Drawdowns Global oil reserves experienced an unprecedented decline throughout April as the escalating conflict involving Iran and the subsequent closure of the Strait of Hormuz severely disrupted international energy logistics, according to data released by S&P Global Energy on May 6. The report indicates that stockpiles plummeted by nearly 200 million…
India’s manufacturing sector demonstrated robust growth in April, with the Purchasing Managers’ Index (PMI) climbing to 54.7, as reported by S&P Global. This expansion, occurring across the nation’s industrial hubs, reflects sustained demand and increased production output, even as manufacturers grapple with significant inflationary headwinds triggered by escalating global geopolitical tensions. Understanding the Manufacturing Pulse…
