Rural Consumption Doubles Urban Market Growth in September Quarter: NielsenIQ
Urban and rural markets have shown a recovery in consumer demand, with rural areas continuing to outpace urban regions in volume growth, according to NielsenIQ....
Category : ECONOMY
Schaeffler to Lay Off 4,700 Workers Amid European Auto Sector Challenges
Schaeffler, a German machine and car parts manufacturer, announced plans to lay off 4,700 employees in Europe after its operating profit nearly halved in the...
India’s Factory Growth Accelerates in October
According to a survey released on Monday, India’s manufacturing growth picked up in October after three months of decline, driven by improved demand, job creation,...
India and China Boost BRICS to 12.6% Increase in Global Merchandise Exports
A new report by EY India suggests that, given current trends and the potential addition of new members, BRICS+ could surpass the G7 in global...
Car Sales Slowdown in Urban Areas; Entry-Level Segment Hit Hardest
Automotive sales, an important indicator of domestic consumption in India, are experiencing a noticeable decline in urban areas, signalling potential weakening economic growth. The decrease...
Government Plans to Address Edible Oil Price Surge Ahead of Festive Season
Different ministries in India are expected to hold consultations soon on ways to provide relief to consumers as the Centre is “concerned with rising edible...
Cabinet Approved Venture Capital Fund of Rs 1,000 Crore for Space Startups
The cabinet has given approval for a Rs 1,000 crore venture capital (VC) fund to blooster growth of space startups by providing crucial early-stage funding. ...
India’s Business Activity Accelerates in October, PMI Reports
India’s business activity saw a slight uptick in October, driven by stronger demand in the manufacturing sector, with job creation reaching its highest level since...
Reason Why NRIs are Investing Big in the Indian Economy
The Indian diaspora is showing renewed confidence in the Indian economy, with NRI deposit inflows surging to $7.8 billion between April and August this year. ...
Karnataka Reports 10.2% GSDP Growth for 2023-24
In 2023–2024, Karnataka’s gross state product grew by a healthy 10.2%, the state administration announced Monday. In a statement, the government cited data from the...