The direct selling industry in India has registered growth of more than 12 per cent, on a yearly basis, with the gross industry turnover at Rs 21,282 crore in 2022-23, according to an annual survey report released by the Indian Direct Selling Association (IDSA) on Wednesday. By definition, direct sales are sales that occur between […]
The president of the Federation of Indian Export Organisation (FIEO), Ashwani Kumar, has projected that the nation’s merchandise exports will likely hit USD 450 billion by the end of this financial year, despite facing geopolitical hurdles such as the Red Sea crisis. He emphasised the urgency of tackling challenges arising from the Red Sea crisis […]
India’s alcohol beverage industry is expected to see continued growth in the upcoming fiscal year, according to a recent report by credit rating agency Icra. The report, based on a sample set of domestic alcohol beverage companies (alcobev), projects revenue growth of 8 to 10 per cent in FY2025. Icra anticipates a particularly strong performance […]
India’s sugar production has seen a marginal decline to 280.79 lakh tonnes by 15 March 2024, compared to 282.60 lakh tonnes during the same period last year, according to data released by the Indian Sugar Mills Association (ISMA). The sugar marketing year in India runs from October to September, and the latest figures reflect the […]
India continued to rely on Russia as its primary source of crude oil in January 2024, according to data from the commerce ministry. Russia accounted for nearly a third of all imported crude oil, with a value of USD 4.47 billion. This represents a 41 per cent increase year-on-year and a 14 per cent rise […]
India’s smartphone exports to the US surged to $3.53 billion in the April-December period of the current fiscal year, a significant increase from $998 million during the same period last year, as per data from the commerce ministry. This boost in outbound shipments has propelled India’s smartphone market share to 7.76 per cent in April-December […]
French sports retailer Decathlon is intensifying its investments to bolster production and expand its retail footprint in India, which is deemed one of its “most significant” global markets, according to its Global CEO Barbara Martin Coppola, news agency PTI reported. Decathlon anticipates maintaining its robust growth trajectory in the Indian market, which is also emerging […]
Business Finland is set to host an interactive virtual session on March 20 to provide an exclusive platform for Finnish startups to explore opportunities within the dynamic Indian market, the Embassy of Finland in India informed in a press release. The session will bring together key players from the Finnish startup ecosystem and Indian industry […]
India has had a robust 12 per cent annualised growth in merchandise exports, amounting to USD 41.4 billion in February, despite facing global headwinds. This growth has narrowed the contraction in the first 11 months of 2023-24 by 3.6 per cent, reaching USD 395 billion. Services exports for February were estimated at USD 32.15 billion, […]
The Open Network for Digital Commerce (ONDC), a government-backed initiative, has embarked on a pilot project to integrate street food vendors into its interoperable network, starting with Delhi and Lucknow. The initiative aims to accelerate the network’s expansion and promote digital inclusion among small-scale sellers. As per reports, the pilot project aims to onboard 500 […]
