The US accounts for about 18 per cent of India's merchandise exports, including electronics, pharmaceuticals, and petroleum products, among others. However, India's economy is largely driven by domestic demand, so the potential fallout from weaker US growth will likely be contained.
This move, driven by rising domestic demand, is expected to add an additional 160-170 million tons of cement production annually. The industry's expansion will be predominantly funded through internal accruals, with minimal reliance on d
While domestic demand is expected to remain moderate due to lower discretionary spending and overstocking from the previous fiscal year, the recovery in export demand is promising. The domestic market could see a boost in the second half of FY25, supported by an increase in wedding days and
China's new automobile sales fell 5.2 per cent in July, according to industry data released on Friday, marking the second consecutive month of decline due to weak domestic demand
Manufacturing sentiments in India have shown an improvement in the first quarter of the financial year 2024-25, according to FICCI's Quarterly Survey on Manufacturing.
The Asian Development Bank (ADB) kept the Indian economic growth forecast unchanged at 7 per cent for fiscal year 2024 in the latest Asian Development Outlook.
Despite a slowdown in exports and increasing Chinese steel output impacting India's share in the markets, steel makers in the country are optimistic about the domestic demand
India's imports of finished steel reached 8.3 MT in fiscal 2024, marking a substantial 38 per cent increase year-on-year. The primary contributors to this surge in imports were China, South Korea, Japan, and Vietnam. Chinese steel imports alone accounted for 2.7 MT, while South Korea and Jap
Morgan Stanley is firm on India's growth outlook given the support it is getting from the domestic demand. Citing high-frequency data, the global investment banking firm said it remains constructive on the growth outlook.
Moody's Investors Service expects India's economic growth in 2024-25 growth above that of other emerging market G20 peers, given its domestic demand managed to sustain momentum.
New Delhi [India], January 29: Johnson Controls (NYSE: JCI), the global leader for smart, healthy, and sustainable buildings, has launched Illustra Standard Gen3 - a range of cutting-edge security cameras designed and primarily manufactured in India. The company aims to fully manufacture
India, the world's third-biggest oil importer and consumer, is dependent on crude oil from various sources in the global market to meet its domestic demand.