The contraction in consumer spending has touched even the morning cup of tea of an average Indian, pulling down the overall tea consumption in the country. This has put pressure on prices and made the tea industry’s finances vulnerable as it was already struggling with the problem of oversupply. I...
The Indian Finance Minister (FM) Nirmala Sitharaman has introduced a new concept in the Budget 2020-21. Putting together the social and human facets of her government, she has coined a new phrase ‘Aspirational India’ in which all sections of the society seek better standards of living, with acce...
India’s steel industry is on the border of another crisis. The persistent economic slowdown is threatening the industry with a demand deceleration followed by a price fall to put pressure on margins. This is despite the fact that the industry has so far witnessed a steady output growth.The index o...
As the name suggests, handicrafts are creative products made by the skill of the hands without much help from modern technologies and equipment. When we talk of handicrafts, a beautiful image comes to our mind; an image full of artistic complexion, creative delicacy and beautiful appearance. Handicr...
A decade ago, power supply was falling short of demand. Now, supply is surpassing demand, compelling utility majors to restrict generation to avoid wastage.The situation has worsened this year. The deceleration in industrial activities has reduced industrial demand for power. India’s electricity d...
Each quarterly estimates of GDP is taking India’s $5 trillion economy target further away. At this rate the country will take about a decade to reach there – far after the original schedule of 2024-25.GDP growth has fallen for the seventh consecutive quarter – down to 4.5% in the second quarte...
The global economy is slowing down. Will it fall further? The International Monetary Fund’s (IMF) new Managing Director, Kristalina Georgieva, warned that the slowdown is posing a “serious risk”. The IMF has downgraded the global GDP growth to 3% for 2019 - the slowest since the global financi...
In a major move to stimulate the country’s ailing real estate sector, the government has decided to set up a `25,000-crore alternative investment fund (AIF) to revive about 1,600 stalled housing projects. These include over 4.58 lakh unfinished units across major cities in the country. According t...
India has jumped 14 ranks in the World Bank's ease of doing business index to 63rd place in 2019 from 77th last year. The news could not have come at a better time; Indian economy is going through a prolonged slowdown and the sharp rise in ease of doing business index is expected to improve the conf...
India’s festival season is here. Diwali generates the biggest shopping stimulus. From neighbourhood sweet shops to white goods and jewellery retailers, everyone cashes in on the festive mood. Indian festivals, be faith-centric or secular in nature, involve exchange of gifts. This process supports ...
