Indian economy expands more than China in July-September: HSBC

The HSBC Emerging Markets Index slipped to 52.1 in the third quarter this year, from 53.2 in the April-June period.

Economic growth in emerging market economies slowed in the July-September quarter on poor performance by the manufacturing sector, but India expanded more than China, an HSBC survey said.

The HSBC Emerging Markets Index (EMI) slipped to 52.1 in the third quarter this year, from 53.2 in the April-June period.

A relatively better performance from the services sector was offset by the poor performance of the manufacturing sector, as global demand softened. 

                  ( Based on timesofindia.indiatimes.com )