India’s retail inflation rose to 5.69 per cent in December which is marginally higher than 5.5 per cent in the previous month, states data released by the Ministry of Statistics and Programme Implementation (Mospi). It should also be noted that inflation, measured by the Consumer Price Index (CPI) has remained within the Reserve Bank of […]
India is considering import duty cuts on components key to producing high-end mobile phones, two government officials said, which would potentially be a boost for companies like Apple and the country’s exports. Companies in the sector have been pushing for cuts on nearly a dozen components to reduce the cost of making smartphones in India […]
Consumer concern around the rising cost of living has eased slightly over the past year, with just 43 per cent now fearing their finances will worsen in the next few months, compared to 80 per cent who felt that way a year ago, according to the third edition of the Capgemini Research Institute’s annual consumer […]
Medavakkam, followed by Madipakkam, is the healthiest locale with the largest number of orders for fresh fruits and vegetables, the Madras Mandi, a fresh produce brand, has revealed in its report spotlighting fruits and vegetables that were popular amongst Chennai people throughout 2023. The city also loved lemons as Madras Mandi sold 1 lakh pieces. […]
India’s value retail industry, excluding food and groceries, is expected to expand to USD 170 billion by 2026, up from USD 111 billion in FY 23, according to Wazir Advisors. This industry is forecast to increase at a compound annual growth rate (CAGR) of 15 per cent between 2023 and 2026, outpacing the entire retail […]
As the majority of Indian micro, small and medium enterprises (MSMEs) continue to face debt and delayed payments, about 90 per cent are confident about India’s economy In 2024, according to a study by NeoGrowth, an MSME-focused non-banking financial company (NBFC). The MSME business confidence Study revealed that about 91 per cent of MSMEs expect […]
Union Commerce Minister Piyush Goyal said that India and UAE aspire to expand their bilateral trade to USD 100 billion. While addressing the ‘UAE India Business Summit’ held at the 10th edition of Vibrant Gujarat Global Summit, the Minister underscored the multifaceted nature of the India-UAE partnership, encompassing collaborations in space exploration, security, education, and […]
A recent report jointly released by CREDAI (Confederation of Real Estate Developers’ Associations of India) and Liases Foras indicates a substantial growth in housing demand in India, with projections reaching 93 million houses by 2036. The report attributes this surge to various factors, including population growth in both urban and rural areas, favourable macro-economic indicators, […]
India’s coffee exports reached a new peak in value during the calendar year 2023, driven by higher global prices despite a 5.5 per cent decline in volumes due to reduced offtake by key buyers in Europe and Russia. The exports surged by 4.50 per cent to achieve a record USD 1.16 billion in 2023, compared […]
In the fiscal year 2023, the domestic paper industry experienced robust growth of 42 per cent in revenue, primarily propelled by augmented realisations, notably within the printing and writing paper (PWP) segment. However, as the industry navigates through FY2024, shifts in market dynamics have prompted a reassessment of expectations. According to rating agency Icra analysis, […]
