Indian pharma sector sees growth at 8 pc CAGR, export rates spike by 9 pc in 2024: Report
The Indian pharma sector has grown at 8 per cent CAGR and has also seen a 9 per cent increase in export rates in 2024, according to a report.
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India toy exports poised to capture bigger share of global pie: Report
India’s fast-growing toy industry is poised to capture a larger share of the global toy market, which is estimated to reach $179.4 billion by 2032, according to a report by Punjab National Bank (PNB).
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India GDP data to soothe nerves? The economy’s recovery is likely clouded by trade risks ahead
India’s economy likely rebounded last quarter with a growth rate of 6.2%, although this falls short of the central bank’s 6.8% projection. Growth prospects remain uncertain amid potential global trade disruptions. The government has revised its GDP forecast for the…
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Global giants eye India’s GCC boom, unpack key driving factors and challenges
India’s Global Capability Center (GCC) sector has witnessed remarkable growth and continues to expand, with 24 GCCs surpassing the $1 billion export revenue mark in FY 2023-24, according to a Wizmatic report. As these centers strengthen their foothold in the…
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Dollar strength, rupee’s decline biggest risk to prices
A 10% depreciation in the rupee increases the wholesale price index (WPI) by 100-130 bps, compared with 30-35 bps for the consumer price index (CPI), according to an econometric analysis by Bank of Baroda economists. A higher WPI feeds into…
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RBI’s microfinance move: Tightening the reins while easing the credit squeeze
RBI has relaxed risk weights in banks’ microfinance lending, indicating confidence in the effectiveness of earlier restrictions. With non-performing assets in microfinance at an all-time high, the move underscores the need to balance credit supply and lending discipline. This adjustment…
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