Despite challenges, India's food delivery and quick commerce (QC) sectors are expected to maintain strong growth momentum in the coming years, according to a report by Nirmal Bang.
India's defence sector is set to grow steadily, supported by strong efforts towards indigenisation, a solid order pipeline, and rising growth opportunities, according to a recent report by Nirmal Bang.
India is currently experiencing a cyclical economic downturn, with gross domestic product (GDP) growth projected at 6.1 per cent for both FY25 and FY26, according to a report by Nirmal Bang.
The IRDAI is set to implement new rules from October 2024, mandating higher surrender pay-outs for policyholders who exit their policies early. This change is expected to negatively impact insurers' margins in the second half of FY25, as per the report.
The Indian IT sector is poised for strong earnings growth in the coming years, with a projected double-digit Earnings Per Share (EPS) Compound Annual Growth Rate (CAGR) of 17.5 per cent from FY24 to FY27, according to a recent industry analysis report by Nirmal Bang Equities.