Emerging Middle Class Set To Lead India’s Decade Of Consumption Growth
Poised for a vibrant decade of consumption growth, India’s middle class will take the lead, fuelled by rising incomes, rapid urbanisation and a shift toward premium products
National
News
India’s Growth Forecast Revised To 7.6-7.8%
- by BW Retail World Bureau
- April 27, 2024
The Deloitte Global Economics Research Center has raised its growth forecast for India, projecting a range of 7.6 per cent to 7.8 per cent attributing the increase to GDP revisions and robust growth in fiscal 2024. India’s GDP took a leap on Leap Day in 2024, surprising analysts with a growth rate of 8.4 per […]
National
News
India’s Travel & Tourism Industry Projected To Reach $23.72 Bn In 2024
- by BW Retail World Bureau
- April 16, 2024
The travel and tourism market in India is set to generate a revenue of USD 23.72 billion in 2024, with a projected annual growth rate (CAGR 2024-2028) of 9.62 per cent, according to projections by the India Brand Equity Foundation (IBEF). This growth trajectory is expected to propel the market volume to USD 34.25 billion […]
Companies
Finance
Netflix
News
MSME Credit Growth Improves, Currently At 19.3% YoY: Report
- by BW Retail World Bureau
- March 14, 2024
The bank credit to micro, small and medium enterprises (MSMEs) has improved and is currently at 19.3 per cent year-on-year (YoY) in January 2024. Ealier it was 15.1 per cent of total non-food credit, according to the Jocata Sumpoorn Index. The index remained stable at 0.57 in January and fluctuated within the range of 0.53 […]
Brands
Companies
Finance
News
Retail
Supermarket Chain Vishal Mega Mart Eyes $1 Bn IPO: Report
- by BW Retail World Bureau
- March 13, 2024
Vishal Mega Mart is reportedly planning a USD 1 billion initial public offering (IPO) that would value the company at up to USD 5 billion. The IPO proceeds are intended to fund the addition of new stores, according to sources familiar with the matter as reported by Reuters. Switzerland’s Partners Group and India’s Kedaara Capital, […]
Economy
National
News
India To Remain G20’s Fastest Growing Economy Despite Slowdown In Emerging Markets: Moody’s
- by BW Retail World Bureau
- March 12, 2024
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 […]
Companies
News
People
About 20-25% Indian Businesses Being Run By Women: Sugar Cosmetics’ Vineeta Singh
- by BW Retail World Bureau
- March 9, 2024
In the ever-evolving landscape of entrepreneurship, women are not just participants but pioneers, reshaping industries, challenging norms, and driving economic growth. Shark Tank fame Vineeta Singh, the CEO of Sugar Cosmetics, sheds light on the challenges, triumphs and prospects of women in business. When it comes to breaking into international markets, Vineeta acknowledges the existence […]
News
People
Lack Of Women In Top Roles: 81% See Gender Parity Challenge
- by BW Retail World Bureau
- March 8, 2024
Grant Thornton Botswana (GTBW) conducted a poll in February 2024, highlighting the continued challenge of achieving gender parity in the country’s top management roles. Even though 81 per cent of respondents felt there weren’t enough women in top positions in their firms, the slow rise of women in business is a global phenomenon. According to […]
Economy
National
News
Moody’s Revises India’s 2024 GDP Growth Forecast To 6.8%
- by BW Retail World Bureau
- March 4, 2024
In a development signaling confidence in India’s economic trajectory, Moody’s, the global credit rating agency, has revised its GDP forecast for the country upwards to 6.8 per cent for the year 2024. The optimistic outlook comes as India is poised to maintain its position as the fastest-growing economy among G20 nations, fueled by robust growth […]
Government
News
States
UP’s Milk Production To Get Major Boost With Rs 9,000 Cr Investment
- by BW Retail World Bureau
- March 4, 2024
In a significant boost to Uttar Pradesh’s dairy sector, the projects initiated during the groundbreaking ceremony are set to attract investments totaling Rs 9,000 crore. Despite emerging as the top milk producer among states in 2022-23, the state faces challenges with low milk production capacity in cattle, presenting an opportunity for further enhancement. During the […]