India’s electronic manufacturing industry is set to grow at an annual growth rate of 41 per cent until FY 26, as per a recent report by Equiris Securities. The report says that by FY 26, the electronic manufacturing market in India is expected to reach Rs 5,980 billion, a significant leap from its valuation of […]
In the March quarter, Dabur reported that demand trends “remained sluggish,” but noted a pickup in rural growth. The company anticipates an uptick in consumption in the upcoming months, buoyed by a promising rabi crop harvest and predictions of a normal monsoon. The surge in rural growth is attributed to “price rollbacks” in staple food, […]
The latest Household Consumption Expenditure Survey 2022-23 indicates a notable rise in the consumption of paan, tobacco, and intoxicants over the past decade, with people allocating a larger portion of their income to these products. The survey, conducted by the National Sample Survey Office from August 2022 to July 2023, reveals that in rural areas, […]
Intact consumption story will create more avenues for employment, an industry body PHDCCI said. Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry, appreciates the efforts of the Government for providing a strong push to India’s consumption story in the post-pandemic years. According to the Household Consumption Expenditure Survey, the per capita consumption spending has […]
Fast-moving consumer goods (FMCG) businesses have reported single-digit volume growth with improved margins in most divisions during the December quarter, boosted by dipped commodity inflation, yet the operational environment remained tough. Some firms also reported a drop in topline numbers as they passed on the advantages of decreased commodity costs to consumers, affecting their gross […]
Data released on Friday unveils a challenging economic scenario for India as the year concluded, with a simultaneous slowdown in industrial output and a notable spike in inflation. The statistics, revealed by the Ministry of Statistics and Programme Implementation, indicate that industrial output growth plummeted to an eight-month low of 2.4 per cent in November. […]
The gross goods and services tax (GST) collection increased by 12 per cent year on year from April to December 2023, reaching Rs 14.97 lakh crore when compared to the previous year’s collection of Rs 13.40 lakh crore during the same period. The average monthly gross GST collection for the first nine months of this […]
The government is concerned about reduced rabi crop sowing potentially leading to heightened inflation prior to the 2024 general elections, especially with significant price hikes in cereals and pulses. As the rabi sowing nears completion, data from the agriculture ministry indicates a decrease in the area under wheat by 4 per cent, rice by 2 […]
In the wake of persistent inflation, the Indian government has announced an extension of the exemption for tur and urad dal imports until 31 March 2025. This decision, conveyed through an order from the Director General of Foreign Trade, mirrors the recent extension of the import duty exemption for masur dal until the same date, […]
As per a recent note on the Indian jewellery retail industry, Icra has revised upwards its forecast of the year-on-year (YoY) domestic jewellery consumption growth (in value terms) for FY2024 to ten to 12 per cent from eight to ten per cent estimated earlier, primarily driven by the rise in gold prices. Jewellery consumption is […]
