Despite facing headwinds such as severe heatwaves in the northern region, heightened competitive intensity, and the impact of the upcoming general elections, most FMCG companies managed to post mid to high single-digit revenue growth.
The State Bank of India in a report projects that India's real GDP will grow by 7.0 per cent year-on-year in FY25, which is slightly lower than the RBI's forecast of 7.2 per cent.
According to the report. this forecast comes in the wake of a 7.4 per cent increase recorded in FY24, reflecting a noticeable slowdown from the preceding years.
Despite subdued global economic activity and multiple headwinds, the Indian economy expanded impressively, with real GDP growth accelerating to 7.6 per cent from 7.0 per cent in the previous year - the third successive year of 7 per cent or above growth, the RBI highlighted in its annual rep
The Indian economy closed the just-concluded financial year 2023-24 strongly with its growth surpassing market expectations, despite strong external headwinds, the monthly economic review of the Department of Economic Affairs under the Ministry of Finance said.
Union Minister and BJP leader Rajeev Chandrasekhar praised Prime Minister Narendra Modi for "transforming" the country into the fifth-largest economy in the world despite all the "headwinds and adversities" and said that in the coming two years, India will be the third-largest economy.
Agthia Group PJSC ("Agthia" or "the Group"), today said that its net profit grew 32 per cent year-on-year to AED127.6 million. The Group net profit margin expanded by 63bps to stand at 8.8 per cent, notwithstanding FX headwinds and the introduction of income tax in the UAE.
Claiming that the political headwinds and public mood were in favour of the BJP going into the second phase of polling for the Lok Sabha in Bengal, Union Minister Kiren Rijiju on Tuesday exuded confidence that his party will retain the Darjeeling constituency by a comfortable margin.
In the fiscal year 2023-24 (FY24), the non-life insurance industry in India showcased substantial growth, propelled primarily by the health and motor insurance segments, although facing headwinds from declining liability, crop insurance, and credit guarantee sectors.
New Delhi [India], March 16: Despite global headwinds, India's steel sector showed a robust growth of ~8 per cent in past years. This robust performance of the sector was achieved over significant demand generation from sectors which includes construction, infrastructure, automobile, enginee
In 2023, despite economic headwinds and uncertainty, Indian enterprises continued to invest in digital to increase customer engagement and satisfaction, launch new products and services, and improve efficiency to drive revenue growth and profitability.