The Finance Minister presented the interim budget for the fiscal year 2024-25 on 1 February, and fast-moving consumer goods (brands) players have many things to say as they have welcomed the Interim Budget 2024. Industry players believe that the government’s interim budget maintains continuity in policies, focusing on welfare and support for the ‘Garib,’ ‘Mahilayen,’ […]
As India’s consumer industry stands at the cusp of a monumental transformation, with projections indicating it will become the world’s third-largest market by 2027, leaders in the retail sector are keenly awaiting the Interim Union Budget for FY 24-25 At the precipice of a significant shift in India’s consumer industry, poised to secure its position […]
Retailers gear up for Budget 2024, seeking tax cuts, green push and digital boost. With the expected growth rate in mind, retailers are looking forward to specific measures in the Interim Budget 2024. They are expecting government support in terms of taxes and incentives to boost the sector’s growth. “Reducing gross and services tax (GST) […]
Demand for industrial and logistics spaces reached an all-time high in eight major cities last year, with leasing activity increasing by 8 per cent yearly, according to CBRE. According to CBRE’s most recent study, leasing of industrial and logistics spaces increased to 38.8 million square feet in 2023 from 36 million square feet the previous year, […]
The manufacturing sector in India has been witnessing proliferating growth in investment, depicting a crucial phase in the country’s economic arena. As per the published dossiers by the Department for Promotion of Industry and Internal Trade (DPIIT), the manufacturing sector engrossed substantial Foreign Direct Investment (FDI), with FDI equity inflows tallying around USD 17.51 billion […]
India’s overall exports, merchandise and services combined, in October are estimated to be USD 62.26 billion, exhibiting a positive growth of 9.43 per cent on a yearly basis, official data released on Wednesday showed. Major contributors to export growth in October 2023 include drugs and pharmaceuticals, engineering goods, electronic goods, cotton yarn/fabs/made-ups, handloom products, iron […]
Automotive components makers in India is set to register 10-12 per cent growth in revenue during the financial year 2023-24, said Crisil Ratings on Thursday. It attributed the growth to continued domestic growth — buoyed by robust demand from automobile manufacturers and aftersales demand from services. “This is despite exports continuing to remain sluggish,” Crisil […]
Indian smartphone export is likely to have crossed USD 10 billion (over Rs 82,000 crore) in the previous financial year 2023, according to the new industry data. Apple’s ‘Make in India’ smartphones now constitute 50 per cent of total exports, followed by Samsung with 40 per cent of mobile exports and other smartphone players constituting […]
Attractive government incentives have boosted local manufacturing, setting the stage for smartphone exports from India to reach USD 10 billion (over 82,000 crore) in the fiscal year ending 31 March, according to industry data released on Wednesday. The Indian Cellular and Electronics Association (ICEA) reports that Apple’s ‘make in India’ smartphone now makes up 50 […]
The government on Thursday said that the food processing industry has invested Rs 4,900 crore so far under the production-linked incentive (PLI) scheme. The PLI scheme for the food processing industry was approved in March 2021, with a budget outlay of Rs 10,900 crore. It will be implemented for seven years, until 2026-27. “A total […]
