As the country recovers from the pandemic, the retail sector has resumed its growth trajectory and is projected to grow 10% annually and reach about $2 trillion by 2032, according to a report. According to a BCG-RAI report titled “Running Towards the Next Wave of Retail in India”, some segments of the industry, such as …
Indonesia, the world’s largest exporter of cooking oils, will expand its export ban to include crude palm oil, adding to uncertainty in a market that has seen skyrocketing price volatility and threatens to worsen global inflation. food. The ban will extend to crude palm oil, RBD palm oil, and used cooking oil, Coordinating Minister for …
The cost of education at foreign institutions, already much higher than its Indian counterparts, has risen sharply in recent decades. While most major banks and some non-bank financial firms offer study abroad loans, large loan amounts and tighter work visa restrictions increase the risk of remaining in debt. This makes it even more important to …
The monthly Goods and Services Tax (GST) collection reached an all-time high of Rs. The gross GST tax exceeded Rs 1.5 crore for the first time in April 2022 and Rs 1 crore for the 10th consecutive year. The gross revenue of GST collected in April 2022 is Rs 167,540 crore, of which Rs 33,159 …
The S&P Global India Manufacturing Purchasing Managers’ Index (PMI) rose to 54.7 in April from 54.0 in March. A reading above 50 indicates an expansion of activity, while a pressure below 50 is a sign of contraction. According to IHS Markit, the author of the PMI, Indian manufacturing activity saw a strong rise in new …
Heatwaves sweep across India and March 2022 is the hottest March since 1901. High temperatures continued into April, adding to concerns from utilities trying to respond to the rising demand for electricity. India saw a peak demand of 200 gigawatts (GW) in March and April, up 8% from a year earlier. On April 12, peak …
India’s eight key sectors rose 4.3% in March from 6% in February, the Commerce Ministry said on April 29. According to the latest data, only three of the top eight sectors saw faster output growth rates in March, compared to six in February. These three sectors were fertilizers, cement and electricity. While fertilizer output increased …
India has been independent for about 75 years, but are Indians still financially independent? Well, different people interpret financial freedom differently. For some, that may mean the freedom to buy what they want, when they want. For others, it may mean not having to worry about paying sudden bills and expenses. Some may see it …