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Digital Surge In Retail: 65% Of MSMEs Embrace Tech, Boost Sales & Efficiency

PayNearby’s ‘MSME Digital Index 2024’ reveals significant tech adoption among Indian MSMEs, enhancing business operations and personal lives In a notable shift, India’s micro, small and medium enterprises (MSMEs) are increasingly embracing digital technology, according to PayNearby’s latest report, the ‘MSME Digital Index 2024.’ The pan-India survey, which examines technology consumption among MSMEs, highlights that […]

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Consumer consumer Economy Export Food Food & Beverage. Government Grocery News Retail Sector

Government Buys 71,000 Tonnes Of Onion To Stabilise Prices

The above-normal monsoon forecast brings hope for improved Kharif production The government has bought nearly 71,000 tonnes of onion so far this year to add to its buffer stock. It has set a target of procuring five lakh tonnes of onion for price stabilisation and expects retail prices to ease as the monsoon progresses over […]

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Consumer consumer Economy Food Food & Beverage. Food/Entertainment Grocery News Retail Sector

WPI Food Index Increases From 5.52% In April To 7.40% In May

In the food basket, cereals, paddy, pulses, vegetables, potatoes, onions and fruits spiked Wholesale food prices have skyrocketed month-on-month in May, with official data showing that the Whole Price Index for food rose from 5.52 per cent in April to 7.40 per cent in May. In the food basket, cereals, paddy, pulses, vegetables, potatoes, onions […]

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Consumer consumer Economy Food/Entertainment Grocery News Retail Sector

Food Inflation Set To Ease With Normal Monsoon, Non-food Inflation Stays Soft

Assuming favourable monsoon conditions, India’s food inflation is expected to decline, while non-food inflation remains stable due to low commodity prices Retail inflation in India is projected to experience a moderation, contingent on the assumption of a normal monsoon season. Recent data suggests that food inflation could soften significantly, providing relief to consumers. The Consumer […]

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India's Wholesale Inflation Remains Positive In March 2024, Driven By Food & Energy Prices
Economy National News

India’s Wholesale Inflation Remains Positive In March 2024, Driven By Food & Energy Prices

Wholesale inflation in India, based on the Wholesale Price Index, remained in positive territory for the fifth month after remaining in the negative zone for seven months until October. The annual rate of inflation based on all India Wholesale Price Index (WPI) numbers is 0.53 per cent (Provisional) for March 2024 (over March 2023), showed […]

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Indian Economy Growth Projected To Dip In Q1FY24 Despite Strong Q3
Economy National News

Indian Economy Growth Projected To Dip In Q1FY24 Despite Strong Q3

Indian economy showed a strong performance in the previous quarter with a growth of 8.4 per cent. However, while citing government sources, Tracxn in its latest report has said that this number is expected to decline to 5.9 per cent in Q1FY2024. According to the International Monetary Fund (IMF) report, India is expected to become […]

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Morgan Stanley Upgrades India's FY25 GDP Growth Forecast To 6.8%, Citing Economic Strength
Economy National News

Morgan Stanley Upgrades India’s FY25 GDP Growth Forecast To 6.8%, Citing Economic Strength

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 year, FY24, to 7.9 per cent. The revised projections come in the wake […]

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India Poised For Strong FY25: FinMin
Economy National News

India Poised For Strong FY25: FinMin

The Finance Ministry on Friday stated that India’s economic prospects for the next fiscal year appear promising, citing an increase in private investment and a downward trend in inflation. According to the Monthly Economic Review, the inclusion of Indian bonds in the Bloomberg bond index starting from January 2025 is expected to bolster inflows into […]

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India To Remain G20's Fastest Growing Economy Despite Slowdown In Emerging Markets: Moody's
Economy National News

India To Remain G20’s Fastest Growing Economy Despite Slowdown In Emerging Markets: Moody’s

Global rating agency Moody’s expects India’s economic growth in 2024-25 growth above that of other emerging market G20 peers, given its domestic demand managed to sustain momentum. India’s real GDP growth accelerated to 8.4 per cent year over year in the October-December quarter of 2023, up from upwardly revised prints of 8.1 per cent in […]

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Morgan Stanley Upgrades India's FY25 GDP Growth Forecast To 6.8%, Citing Economic Strength
Economy National News

Crisil Ratings Forecasts 6.8% GDP Growth For India In FY25

Crisil Ratings, an Indian rating agency, forecast a 6.8 per cent growth in India’s GDP for the upcoming fiscal year. Their India Outlook report predicts the country’s economy will benefit from domestic reforms and cyclical trends, potentially solidifying its position as the world’s third-largest economy by 2031. The report acknowledges a projected moderation from the […]

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