India’s Gen Z’s Collective Spending Power Reaches $860 Bn: Report
The report states that 45 per cent of businesses recognise Gen Z’s potential, but only 15 per cent take action to actively address them
consumer
Economy
People
National
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India’s Silver Imports Surge 260% Fueled By Lower Duties
- by BW Retail World Bureau
- April 9, 2024
India witnessed a remarkable surge in silver imports in February, reaching an unprecedented 260 per cent increase, driven by lower duties that incentivized substantial purchases from the United Arab Emirates (UAE), according to reports from government and industry sources shared with Reuters. Projections suggest that this trend is set to continue, with a potential 66 […]
Consumer
Government
National
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India To Conduct New Household Spending Survey Before Revising CPI
- by BW Retail World Bureau
- February 28, 2024
India will undertake another survey of family consumption as well as goods and brands at retailers to get a complete picture of domestic spending before adjusting the consumer price index (CPI), the news agency Reuters reported. The government revealed the preliminary findings of the 2022/23 household consumption expenditure survey, the first in more than a […]
Consumer
National
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India Leads Global Consumer Confidence Ranking In February 2024
- by BW Retail World Bureau
- February 27, 2024
The LSEG-Ipsos monthly Primary Consumer Sentiment Index (PCSI) consumer confidence has further improved in February 2024, over January 2024, according to the LSEG-Ipsos Primary Consumer Sentiment Index (PCSI). Overall, there was a 2.9 percentage points increase in February 2024, over the previous month, as India continues to show resilience despite the stressed global macro forces, […]
Brands
Companies
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JD.com Eyes Currys Takeover, Challenging Elliot’s Bid For British Retailer
- by BW Retail World Bureau
- February 20, 2024
Chinese ecommerce platform JD.com has recently confirmed that it is exploring the possibility of acquiring Currys, a major electrical retailer in the UK. This announcement has sent shares of Currys soaring, as it opens the door for a potential bidding war after the rejection of a £700 million (USD 883 million) offer from U.S.-based investor […]
Manufacturing
News
Indian Manufacturing Booms, 87% Expect Rising Production In Q4: Survey
- by BW Retail World Bureau
- February 13, 2024
A survey conducted by industry body FICCI revealed sustained and continued growth for India’s manufacturing sector in the last two quarters of 2023-24 (October-March). Compared to the previous quarter, October-December, when 73 per cent of respondents had reported higher production levels, in the current January-March quarter, around 87 per cent of respondents expected either higher […]
Finance
Government
National
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RBI Holds Repo Rate Steady For Sixth Time: MPC 8 Feb Meeting
- by BW Retail World Bureau
- February 8, 2024
The Monetary Policy Committee of the Reserve Bank of India (RBI) in its February review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the sixth straight time. The repo rate is the rate of interest at which RBI lends to other banks. Deliberating the […]
National
News
63% People Sees India As Trade, Tech & Economic Powerhouse: Survey
- by BW Retail World Bureau
- February 7, 2024
A robust 70 per cent of respondents express confidence in the vision of Viksit Bharat, anticipating India’s emergence as a global leader by 2047, according to a recent report named ‘India’s Turn To Lead By 2047’ by Primus Partners. According to the report, this optimism is mirrored in the 63 per cent who envision India […]
Finance
Government
National
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India’s GST Revenue Soars 10.4% YoY In January, Second-Highest Collection Ever
- by BW Retail World Bureau
- February 2, 2024
India’s Goods and Services Tax (GST) revenue for January 2024 has jumped to Rs 1,72,129 crore, reflecting an impressive 10.4 per cent Year-on-Year (Y-o-Y) growth. This is the second-highest monthly collection ever and the third time in the fiscal year 2023-24 that collections topped Rs 1.70 lakh crore. From April 2023 to January 2024, gross GST collections totaled […]
Manufacturing
National
News
India Manufacturing PMI Rises To 56.5 In January
- by BW Retail World Bureau
- February 2, 2024
India Manufacturing Purchasing Managers’ Index (INPMI), climbed to 56.5, up from an 18-month low of 54.9 in December, according to HSBC India Manufacturing Purchasing Managers’ Index compiled by S&P Global. India’s manufacturing industry had significant progress at the start of 2024, achieving its quickest expansion in four months in January. Although the final reading was […]