Rejigging of personal tax rates will lead to increased disposable income in the hands of consumers, which should increase the sales of two-wheelers and entry-level cars, says CRISIL.
Strong domestic demand and steady global investments to ensure India reigns as world’s fastest-growing economy over next few years, says Deloitte India
Central banks are withdrawing liquidity support and raising policy rates faster than anticipated, Chandrasekaran says at the Tata Steel Annual General Meeting.
Putting money in the hands of the consumers could have helped grow consumption, say experts.
Much of the growth is being led by the IT/ITeS and BFSI sectors. For Smartworks, the IT sector forms about 55% of its clientele.
The research firm says that the underperformance of non-Covid-19 drugs, on a two-year CAGR, over the last few months is driven by a slowdown in chronic therapies compared to pre-pandemic times.
The local drone market is estimated to touch $3-$4 billion over the next five years. There is a huge demand from the private sector as well as government departments opening up new use cases.
A Nielsen report shows consumer goods consumption growth in rural markets has bounced back post-demonetisation and GST to faster rates compared to urban markets.
Higher steel prices and robust demand drove JSW Steel’s fourth quarter sales and profit, while a one-time gain pushed Tata Steel’s bottomline.
