In FY24, cotton yarn prices are projected to fall almost 15 per cent due to a high base and subdued export demand. This is expected to hurt price realisation
Private security players' key service offerings include manned guarding, cash management services, and allied services such as electronic security services
MSMEs in the automotive components sector should see higher growth as well, but will lag average industry revenue growth owing to lack of vertical integration.
In FY22 the ITeS sector's revenue logged 13-15% growth to about Rs 3.1 tn, riding on volume recovery across the three key segments - customer relationship management (CRM), knowledge, and transactions
Consumption of electronics in the domestic market is estimated to grow 15-20 per cent to Rs 11-12 trillion, compared with 18-22 per cent growth last fiscal
As a result, despite a projected 10-15 per cent growth this fiscal, the industry is expected to fall back to the FY18 level owing to negative growth of 30 per cent last fiscal
SMEs have been gradually adopting robotic process automation technologies such as chatbots, to transition from pure voice services to non-voice-based ones