Tag: growth
Fitch cuts China’s ratings outlook on growth risks, debt fears – Times of India
Fitch Ratings Agency on Wednesday cut China’s sovereign credit outlook to negative, pointing to escalating risks surrounding the country’s public finances. This decision, which Beijing quickly labeled as “regrettable,” underscores the mounting concerns over China’s economic stability, especially amid a persistent property sector crisis threatening broader financial repercussions.Economic headwinds and policy responsesChinese authorities have been…
India fastest-growing market for whisky giant William Grant – Times of India
New Delhi: India has emerged as fastest-growing market for William Grant & Sons, maker of top whisky brands, such as, Glenfiddich, Monkey Shoulder, Balvenie, apart from Hendrick’s Gin, with sales volumes growing three times over last four years. Volumes in India are lower than developed markets, such as, the US, Europe and China, but pace…
‘Direct selling industry grows 12%’ – Times of India
NEW DELHI: India’s direct selling industry registered an over 12% growth, with its turnover crossing Rs 21,000 crore in 2022–23, according to an annual survey by the Indian Direct Selling Association (IDSA) released here on Wednesday.Wellness and nutraceutical products remained the preferred segment, accounting for 73.5% and cosmetics & personal care 11.3% of the gross…
India’s retail sector to more than double to USD 2 trillion in next decade: Report – Times of India
NEW DELHI: India’s retail sector is expected to grow at 9-10 per cent to reach USD 2 trillion in the next decade with the country’s consumption story continuing to remain strong with steady growth, according to a report. Yet, organized retailers would need to sustain performance and continue to grow shares as the sector is…
Sun-Saturn conjunction: All you need to know; from date to significance
Sun and Saturn are set for a deep conjunction on February 29, 2024. It is believed that whenever the Sun and Saturn are so close to each other, they bring about profound shifts and transformations in various walks of our lives. What is Sun-Saturn conjunction? The Sun-Saturn conjunction that occurs once a year and is…
Policy panel wary of food prices – Times of India
MUMBAI: Members of RBI‘s monetary policy committee were optimistic about growth in their meeting this month, but concerned about food prices spiking. The minutes of the MPC meeting held from Feb 6-8 and released on Wednesday show members’ less hawkish stance on stifling demand but also that they believe in waiting a bit longer before…
Thai 2023 GDP expands at 1.9%, slower than expected – Times of India
BANGKOK: Thailand’s gross domestic product (GDP) grew 1.9% in 2023, the planning agency said on Monday, as higher tourist numbers and private consumption were undercut by falls in manufacturing and public spending. The weaker-than-expected growth raises the case for an interest rate cut at the central bank’s next policy review on April 10, after it…
IT exports to grow 3% in FY24, among worst years – Times of India
BENGALURU: The 2023-24 financial year will be a near washout for Indian IT services in terms of growth and hiring. Nasscom‘s latest estimates for the year suggest that India’s IT exports will grow at 3.3% in constant currency to $199 billion in the 2023-24 financial year, less than a third of the 11.4% it registered…
Walmart taps new suppliers in India – Times of India
NEW DELHI: As US retail giant Walmart tries to diversify its supply chain and reduce its reliance on markets like China, it is leaning on India, one of its key growth markets and wants to tap into new suppliers in the country. The company which is chasing a target of sourcing $10 billion worth of…
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