A new HSBC report shows Indian companies are going global with confidence: nearly all businesses plan to expand cross-border trade and investment over the next five years. As economic uncertainty persists, they’re reshaping strategies and deploying more capital internationally. High-growth markets are the target, with AI and digital finance playing an increasingly central role in expansion plans.
HSBC downgraded Indian stocks to “underweight,” citing rising energy prices tied to the Middle East war. The bank warns the shock could cloud India’s earnings recovery and make the market less attractive than North East Asian peers. Foreign investors have also been net sellers, though HSBC points to selective opportunities in private banks, base metals and healthcare.
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HSBC Securities has downgraded India to “underweight” for the second time in a month, keeping a bearish stance on the stock market. The move is tied to heightened US-Iran war risks and surging oil prices, which could stoke inflation concerns and pressure investor sentiment.
India’s private sector growth accelerated in April, with the HSBC Flash Composite PMI rising to 58.3 as manufacturing and services rebounded from the previous month. Despite war-driven concerns and fuel disruptions linked to the Hormuz region, hiring surged to a 10-month high. Price pressures eased only partially, while confidence slipped as firms weighed near-term uncertainty.
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