The Indian PC market is poised for a significant rebound in 2024, according to the latest analysis from Canalys. Despite a challenging year in 2023, characterised by fluctuations and an overall decline, the market is expected to see good growth across all segments – desktops, notebooks and tablets. In the fourth quarter of 2023, the […]
Credit growth in India is expected to moderate down to 12-14 per cent on a yearly basis over the financial year 2024-25-2026-27 from the current 16.5 per cent, according to Emkay Institutional Equities. The loan-to-deposit ratio (LDR) is expected to fall to a reasonable level of 75 per cent from the current high of 80 […]
Payments through digital means in India are hitting fresh highs, as its citizens are increasingly adopting the emerging modes of transacting on the internet. In February, transactions worth Rs 18.2 lakh crore were made through Unified Payments Interface (UPI) with a staggering 122 crore number of transactions. The transactions made last month through the popular […]
The direct selling industry in India has registered growth of more than 12 per cent, on a yearly basis, with the gross industry turnover at Rs 21,282 crore in 2022-23, according to an annual survey report released by the Indian Direct Selling Association (IDSA) on Wednesday. By definition, direct sales are sales that occur between […]
Ecommerce drives economic surge with regulatory adaptation and regional cooperation India is targeting USD 2 trillion in exports by 2030, equally divided into merchandise and services, said Union Commerce Minister Piyush Goyal in January. Fuelled by ecommerce and its role in driving economic development and expanding trade, the Asia–Pacific (APAC) region is projected to surge […]
The president of the Federation of Indian Export Organisation (FIEO), Ashwani Kumar, has projected that the nation’s merchandise exports will likely hit USD 450 billion by the end of this financial year, despite facing geopolitical hurdles such as the Red Sea crisis. He emphasised the urgency of tackling challenges arising from the Red Sea crisis […]
India’s alcohol beverage industry is expected to see continued growth in the upcoming fiscal year, according to a recent report by credit rating agency Icra. The report, based on a sample set of domestic alcohol beverage companies (alcobev), projects revenue growth of 8 to 10 per cent in FY2025. Icra anticipates a particularly strong performance […]
India’s sugar production has seen a marginal decline to 280.79 lakh tonnes by 15 March 2024, compared to 282.60 lakh tonnes during the same period last year, according to data released by the Indian Sugar Mills Association (ISMA). The sugar marketing year in India runs from October to September, and the latest figures reflect the […]
India continued to rely on Russia as its primary source of crude oil in January 2024, according to data from the commerce ministry. Russia accounted for nearly a third of all imported crude oil, with a value of USD 4.47 billion. This represents a 41 per cent increase year-on-year and a 14 per cent rise […]
The cement industry is bracing for a decline in demand during the fourth quarter of the fiscal year, compared to the same period last year. Several factors including a slowdown in construction activities, extended winter conditions, and uncertainty surrounding upcoming elections are anticipated to contribute to this downturn. Market analysts have projected a decrease in […]
