Following Mixed Trends, Demand Poised For Recovery In Q3: Icra
The report noted that festive season and goods and services tax (GST) rate cuts are expected to boost demand in the third quarter of the current financial year
FMCG
Finance
News
India’s Bank Credit Growth Seen At 14-14.5% In FY25
- by BW Retail World Bureau
- March 30, 2024
CareEdge Ratings estimates bank credit growth in India to be in the range of 14-14.5 per cent in financial year 2024-25. In current financial year 2023-24, credit offtake is anticipated to close with a growth of around 16 per cent excluding the HDFC merger. According to the rating agency, the effect of the HDFC merger […]
Economy
National
News
Morgan Stanley Upgrades India’s FY25 GDP Growth Forecast To 6.8%, Citing Economic Strength
- by BW Retail World Bureau
- March 28, 2024
After S&P Global, Morgan Stanley has revised its GDP growth forecast upwards for the financial year 2024-25 (FY25) to 6.8 per cent, up from its previous estimate of 6.5 per cent. The firm also revised its growth forecast for the ongoing financial year, FY24, to 7.9 per cent. The revised projections come in the wake […]
Finance
News
Retail
Retail Funding Dips 34% In Q1FY24 2024: Report
- by BW Retail World Bureau
- March 27, 2024
The retail sector received a total of USD 494 million in funding in Q1 2024 to date which is a 34 per cent drop compared to USD 751 million raised in the same period Q4 2023, according to a report by Tracxn. However, India Tech Quarterly Funding Report – Q1 2024 stated that it is […]
Economy
National
News
India Poised For Strong FY25: FinMin
- by BW Retail World Bureau
- March 23, 2024
The Finance Ministry on Friday stated that India’s economic prospects for the next fiscal year appear promising, citing an increase in private investment and a downward trend in inflation. According to the Monthly Economic Review, the inclusion of Indian bonds in the Bloomberg bond index starting from January 2025 is expected to bolster inflows into […]
Electronics
Manufacturing
National
News
India Becomes World’s Second Largest Mobile Phone Maker: ICEA
- by BW Retail World Bureau
- March 8, 2024
The electronics manufacturing industry has met its objectives set a decade ago, becoming the world’s second-largest maker of mobile phones, generating products worth Rs4.1 lakh crore, according to an industry body. The India Cellular and Electronics Association (ICEA), which represents the leading smartphone brands and manufacturers, estimates that the sector ended the decade with 2.45 billion […]
Economy
Feature
News
India’s Q3FY24 Growth Surprises At 8.4%, But Experts Urge Caution
- by Sheikh Rishad
- March 2, 2024
Economists predict that the divergence between India’s industrial and service sectors will normalise in the next few quarters The Indian economy grew at an impressive rate of 8.4 per cent in Q3FY24, surpassing economists’ expectations of 6.6 per cent growth. However, it is important to interpret the headline growth figure with caution as there are […]
Economy
National
News
SBI forecasts India’s Q3 FY24 GDP Growth At 6.8%, Sees Upside Potential
- by BW Retail World Bureau
- February 28, 2024
The economic research department of the State Bank of India (SBI) has forecasted India’s gross domestic product (GDP) growth at 6.8 per cent in Q3 FY24 amid global economic complexity. The report added that it could hit 7 per cent on the back of likely downward revisions in Q3 FY23 estimates. The report stated that […]
Consumer
Economy
News
RBI Projects 7% GDP Growth For India In FY24-25
- by BW Retail World Bureau
- February 8, 2024
The Reserve Bank of India (RBI), while maintaining the status quo in the repo rate, pegged India’s GDP growth for the next financial year 2024-25 (April-March) at 7 per cent. Quarter-wise, 7.2 per cent growth is seen in Q1, 6.8 in Q2, 7.0 in Q3, and 6.9 in Q4, respectively. RBI said that risks are […]
Feature
Finance
Government
Netflix
News
Interim Budget 2024: Sitharaman May Put Cash In Hands, Rural Push & Tax Tweaks
- by BW Retail World Bureau
- January 29, 2024
Finance Minister Nirmala Sitharaman is preparing to present her sixth consecutive budget on 1 February. The budget’s focus is expected to be on putting more money in the hands of the people, with probable tweaks to tax slabs or an increase in basic deductions as possible avenues for achieving this goal. Another recommendation is to increase finances for the […]