The Budget has put more money in the hands of the people through relief from Income Tax, which is a very positive step, analysts said
Brokerages expect double digit earnings growth over the next three years
PFCE, a proxy for household and private sector consumption, was 61.6% of nominal GDP in Q2FY23, as against 61.1% in the previous quarter and 59.5 per cent a year ago
Volumes decline 3.6%; urban areas sustain at 1.2 %: NielsenIQ
On December 22, 1992, the United Nations General Assembly (UNGA) passed a resolution designating October 17 as the International Day for the Eradication of Poverty
The high revenue growth has largely been predicted due to increasing mall supply in next six years, sustenance of rising consumption demand
Banks, Auto, FMCG, Hospitals, Domestic Industrials, and Discretionary may continue to outperform the 'Export + Cyclical'-oriented themes
India's per capita gross domestic product (GDP) rose from less than $100 in 1960 to over $2,200 in 2021
The top 20 per cent of upper-income consumers will help recover the near-term consumption demand, as per a report
Changes in the income-tax, likely good monsoon and the on-going above normal Rabi acreage along with higher MSPs are the key triggers analysts are betting on for the consumption revival
Steady economic revival holds the key
Growth yet to get back to pre-covid level, CEA sees it happening next year
A contraction in India's services sector deepened as localized curbs to control the virus spread hurt consumer demand and business activity
The economic drag from the pandemic in the current quarter will be dominated by demand destruction or deferment of expenditures, said QuantEco Research economist Yuvika Singhal
Power consumption in the country grew by around 19 per cent in the first fortnight of May showing recovery in industrial and commercial demand of electricity, according to the power ministry data.
In an Q&A, Saugata Gupta, Marico's managing director and CEO, hails the Budget and lays out the company's road map for the future
The estimated size of the retail commerce economy in India will be more than $1 trillion in the next 3-4 years, said Krishnamurthy
Apple Driving Index nearly caught up with Google Mobility Index for grocery mid August, further showing that Q2 GDP growth might not be as bad as expected
Analysts have cut earnings estimates more sharply for consumption-oriented companies, even as many other indicators show signs of stagnation.
Decisions made in response to the pandemic could shape the future of humanity, says study published in journal PLOS ONE.