Search For "consumer spending"
"India will not only meet but exceed IMF's estimates": Union Minister Piyu
Updated : 4 months, 4 weeks ago IST
Union Minister of Commerce & Industry, Piyush Goyal highlighted on Wednesday the International Monetary Fund's (IMF) recent revision of India's growth estimate, which increased from 6.4% to 6.6% for this year, stating that this upward revision is an indication to India's strengthened
Read More
Consumer spending expected to touch Rs 14 lakh crore this festive season:
Updated : 5 months, 1 week ago IST
With consumer sentiment getting a major boost from the recent GST rate cuts, total consumer spending during this festive season is expected to be in the range of Rs 12 lakh crore to Rs 14 lakh crore, according to a report by the Bank of Baroda.
Read More
Tier-II cities in India emerging growth hubs for restaurants, dining out b
Updated : 5 months, 1 week ago IST
Tier-II cities in India are fast emerging as the next growth frontier for restaurants as dining out is no longer an occasional indulgence but is becoming a lifestyle, especially among Gen Z, according to a report by Grant Thornton Bharat.
Read More
Mastercard Economics Institute on Travel in 2025: Asia-Pacific leads trend
Updated : 10 months ago IST
Singapore, May 15: Asia-Pacific is home to eight of the world's top 15 trending summer travel destinations, according to Travel trends 2025, the annual Mastercard Economics Institute (MEI) report on consumer spending in the travel economy. While exchange rates and geopolitical dynamics can i
Read More
China sees surge in holiday travel and spending, but netizens question off
Updated : 10 months, 1 week ago IST
China experienced a significant increase in tourist numbers and robust consumer spending during the five-day Labour Day holiday; however, users on Chinese social media have raised doubts about the reliability of these figures, pointing to various economic challenges and a drop in exports, as
Read More
India's creator economy set to drive over USD 1 trillion in consumer spend
Updated : 10 months, 2 weeks ago IST
India's rapidly growing creator landscape is poised to drive over USD 1 trillion annually by 2030, which currently influence an estimated USD 350 billion in consumer expenditure each year, according to a new report by the Boston Consulting Group (BCG), titled "From Content to Commerce: Mappi
Read More
Economic impact of Holi festival on trade: Business expected to surpass Rs
Updated : 1 year ago IST
The CAIT said in an official statement that due to increased consumer spending, various business sectors are witnessing a sharp rise in Holi-related sales.
Read More
Business confidence rises amid demand growth and falling interest rates: R
Updated : 1 year ago IST
The report highlights a surge in consumer spending during the festive season, benefiting retail markets in major cities such as Auckland, China, Hong Kong, Bangkok, and Bengaluru. In Bengaluru, strong commercial demand has outpaced supply, leading to lower vacancy rates.
Read More
India's consumer market to become world's second largest by 2030: Report
Updated : 1 year, 1 month ago IST
Rising incomes, a young workforce, and rapid urbanization are expected to drive consumption growth across the country. According to projections, consumer spending in India will rise to USD 4.3 trillion by 2030, up from USD 2.4 trillion in 2024.
Read More
Manufacturing sector calls for pro-local manufacturing policies, GST reduc
Updated : 1 year, 1 month ago IST
Days ahead of the Union Budget 2025-26 on February 1, the industry players in the manufacturing sector have called for favourable policies boosting local manufacturing, reducing GST on consumer durables, and tax reforms to increase disposable incomes and stimulate consumer spending.
Read More
China sees closure of nearly 3 Million food service establishments
Updated : 1 year, 1 month ago IST
Nearly 3 million food service establishments in China closed in 2024 due to rising costs, bankruptcies, and reduced consumer spending. High-profile closures included Michelin-starred restaurants and popular chains, impacting every segment of the industry.
Read More
India to grow by 6.4 pc, and CPI inflation to settle at 4.8 pc in FY25: FI
Updated : 1 year, 1 month ago IST
India's economic outlook for 2025 presents cautious optimism with consumer spending expected to recover, aided by a positive outlook for agriculture and rural consumption, according to the latest Economic Outlook Survey by the Federation of Indian Chambers of Commerce and Industry (FICCI).
Read More