A pick-up in demand particularly in rural demand driven by improved monsoon prospects along with a rise in urban demand is expected to encourage investments by the private sector that could accelerate overall economic growth. There are some lead indications already of new capacity creation in a few industries and a pick-up in investment intentions, … Read more
Niranjan Gupta, CEO, Hero MotoCorp, says: “We are focusing on brands, models, portfolios, focusing on stores, premia stores, a lot of action at our end. Effectively, given the strong platform that we have, it is about changing gears and moving with speed, powered by the four S – speed, scale, synergy and simplification.”I must say … Read more
On Sunday afternoons in April 2020, 27-year-old Ashima Dhawan stealthily took driving lessons within her apartment complex on Madh Island in Mumbai. A nationwide lockdown was on to contain the spread of coronavirus, and asking a friend to teach her to drive was Dhawan’s way of coping with the isolation. She soon bought a Maruti … Read more
India has witnessed recovery in economic activity, striking a path that is diverging from global developments even as its rural demand slackening, Reserve Bank of India said in its monthly bulletin. The manufacturing and services remain in expansion with optimism on demand parameters and uptick in consumer and business confidence, RBI said in a note … Read more
Rural demand is expected to get around Rs 11,000-crore boost from the record kharif harvest along with the marginal hike in minimum support price, according to a report by Care Ratings. The agriculture ministry projects a good crop in the first advance estimates for the kharif season at over 150 million tonnes. Along with that, … Read more
The positive story of the rural sector has softened the pandemic-induced blow to the economy so far, said economists, but the “only silver lining” in the ongoing fiscal year is unlikely to move the needle any further. While improvements in rural demand will increase the sector’s share in quarterly figures of gross domestic product, those … Read more