Overall logistics costs in India are in the range of 7.8-8.9 per cent of the country’s total GDP, a report released by the economic policy research think tank National Council of Applied Economic Research (NCAER) stated on Thursday. The central government has been working to reduce the overall logistics costs and enhance the competitiveness of […]
About 94 per cent of Indian small businesses are also willing to invest more in online sales and marketing this year, according to a report by GoDaddy India. GoDaddy Data Observatory 2023 showed that Indian respondents are already using digital tools including intranet or internal social networks (74 per cent), shared drives for collaboration (72 […]
Wholesale inflation in India, based on the Wholesale Price Index, is back in positive territory after staying in the negative zone for the seventh straight month until October. Data released by the Ministry of Commerce and Industry on Thursday afternoon showed India’s wholesale inflation in November stood at 0.26 per cent. In October, it was […]
Retail inflation in India rose at its fastest pace in three months in November, largely due to a spike in food prices. The retail inflation or Consumer Price Index in November was 5.55 per cent. The October consumer price index (CPI) was at 4.87 per cent and 5.02 per cent in September. The retail inflation […]
The manufacturing sector in India has been witnessing proliferating growth in investment, depicting a crucial phase in the country’s economic arena. As per the published dossiers by the Department for Promotion of Industry and Internal Trade (DPIIT), the manufacturing sector engrossed substantial Foreign Direct Investment (FDI), with FDI equity inflows tallying around USD 17.51 billion […]
Indian government on Tuesday told the World Trade Organization (WTO) that it has no plans to extend the ban beyond the mentioned products in the October notification pertaining to IT hardware products such as personal computers, Tablets and laptops. The government said that industry consultations were undertaken before issuing the notification on 3 August and […]
The slow growth in private consumption signals a mild expansion of sales activity of Indian micro, small and medium enterprises (MSMEs), according to the Jocata Sumpoorn index. Jocata Sumpoorn moved up to 0.62 in October, showing sales activity for credit-seeking MSMEs in the zone of moderate expansion. As sales performance had been in the zone […]
India’s headline retail inflation rate jumped to 5.55 per cent in November, owing to a combination of an unfavourable base impact and price increases for major food products, according to data provided by the Ministry of Statistics and Programme Implementation on Tuesday. The Consumer Price Index (CPI) inflation rate in October was 4.87 per cent. […]
The Indian passenger vehicle segment achieved its highest-ever sales in November 2023, reaching 3.34 lakh units. This figure reflects a 3.7 per cent year-on-year growth compared to November 2022 when sales were at 3.22 lakh units. The data, released by the Society of Indian Automobile Manufacturers (SIAM), indicates a positive trend in the automotive industry. […]
The government anticipates onion prices to decline below Rs 40 per kilogram by January from the current average price of Rs 57.02 per kilogram, Consumer Affairs Secretary Rohit Kumar Singh said on Monday. Last week, the government banned onion exports till March of next year after the retail sales price of the kitchen staple crossed […]
