Gold prices have experienced a notable surge in recent weeks, with the yellow metal witnessing an increase of over 11 per cent in India alone. A recent report from Goldman Sachs highlights that this surge is not solely driven by traditional factors, indicating a shift in the dynamics of the gold market. The report underscores […]
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 […]
The owner of Zara, Inditex, a fast fashion company globally, is expanding its low-cost brand Lefties to compete with Chinese-founded rival Shein. Shein’s rapid growth, as an online marketplace with no physical stores, has created challenges for traditional retailers like Inditex and H&M due to its competitive budget prices. While Zara has faced pressure on […]
The consumer products sector witnessed remarkable growth throughout 2023, with the retail sales value (RSV) surging globally by nearly 10 per cent year over year, as revealed by a survey report conducted by Bain & Company. However, this growth was predominantly driven by price increases rather than volume gains, with price hikes accounting for approximately […]
India’s consumer packaged goods (CPG) sector experienced well-balanced growth in 2023, witnessing an increase in retail sales value coupled with volume gains, according to a report by Bain & Company. The report highlighted a global trend where 75 per cent of growth was attributed to price increases in 2023, yet India stood out as one […]
Coca-Cola Company on Tuesday that India and Brazil drove beverage volume growth in the developing and emerging markets in 2023. James Quincey, Chairman and CEO of the Coca-Cola Company, stated during the earnings call on Tuesday that the India business “experienced a robust growth in 2023,” In the December quarter, the company witnessed a 7 per cent […]
The Indian economy is expected to retain its growth momentum in 2024 while the moderated growth and slow revival of the rural economy in private consumption highlighted the need for bringing down inflation to its target of 4 per cent to make the growth an inclusive one, the Reserve Bank of India (RBI) said in […]
India’s expanding consumer market and vast labour force can make it an alternative destination to China as part of countries’ supply chain diversification, according to Fitch Ratings. According to the global rating agency, supply chain diversification away from China presents several emerging markets with an unprecedented opportunity to deepen global supply chain participation and expand […]
Finance Secretary T V Somanathan said that the retail inflation in India is expected to ease by December, attributing it to more favorable seasonal factors, the news agency Reuters reported. Despite staying above the upper limit of the central bank’s 2-6 per cent tolerance band for the second consecutive month in August, retail inflation has […]
Merchandise exports are increasingly facing headwinds from the slowdown in goods demand globally, not only in advanced economies such as the US and euro area but also from emerging markets, most importantly the Asia-Pacific, said Crisil Ratings in a report. Crisil’s report stated that exports are facing a double whammy from a fall in prices […]
