THE FIRST ADVANCE estimates of the National Statistics Office (NSO) have projected private final consumption expenditure (PFCE) to grow by 7.3% in FY25, but economists feel the number is "too optimistic", given subdued urban demand.
"The main indicators of the consumption so far indicate that (skewed nature of) the consumption growth is correcting somewhat with the pick-up in rural real wages. However, the slack in urban demand is persisting as indicated by commentaries from some FMCG companies and also the decline in imports to the tune of 1.3% in FY25," India Ratings and Research (Ind-Ra) noted in a report.
Esta historia es de la edición January 08, 2025 de Financial Express Hyderabad.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 08, 2025 de Financial Express Hyderabad.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Trump comeback: Honda to go slow on new EVs
HONDA MOTOR WILL be cautious about starting production of new electric vehicles due to uncertainty about US President-elect Donald Trump's industrial policy, a senior executive of the Japanese automaker said on Tuesday.
Flying taxis are on the horizon
Taking Commuting To New Heights
Bid for 2036 Olympics takes pan-India route
● Bhubaneswar, Bhopal, Pune to join Ahmedabad
Pritish Nandy dies at 73
Veteran journalist, poet and filmmaker Pritish Nandy passed away in Mumbai on Wednesday, sources close to him said.
AI Policy to Get a Shot in the Arm
India's AI policy is expected to receive a boost in the upcoming budget, with potential announcements on AI centers and skilling initiatives to address job market concerns.
Swiggy serves Snacc to take on Zomato in 15-minute delivery
This dedicated app strategy mirrors competitors like Zomato's Bistro by Blinkit and Zepto Cafe, which also operate as standalone platforms.
Foxconn, Dixon Urge Govt to Pay ₹700 Cr in Pending PLI Subsidies
The government is reviewing the two requests, the people said.
India seeks NRI participation in 'Viksit Bharat'
THE 18TH PRAVASI Bharatiya Divas (PBD) convention kicked off here on Wednesday, with external affairs minister S Jaishankar calling upon NRIs and Persons of Indian Origin to actively participate in the quest for a 'viksit Bharat' (developed India).
No pre-emptive tariff overhaul
Over a few years to FY23, India had seen a significant tariff escalation, reversing the trend of progressive reduction of these import barriers, primarily in the wake of the pandemic.
Oil pares gains on dollar strength
OIL PRICES TRIMMED earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of supplies from Russia and other OPEC members and a drop in US crude stocks.
