Binani said, "The neutral sector outlook is backed by an expectation of 10 per cent-12 per cent yoy revenue growth in FY25. Order inflows are likely to pick up in 2HFY25, led by supportive government budgets along with expectation of acceleration of private sector's capex. Margins are expect
The demand for air conditioners (ACs) have surged during the April month due to the increase in temperature, especially in North and Central India. It has prompted a strong outlook for AC demand until mid-June 2024.
India's GDP is projected to grow at 7.8 per cent in the just-concluded financial year 2023-24 and forecast is of around 6.6 per cent in each of the following two fiscal years, according to OECD's latest Economic Outlook. However, global near-term developments pose obstacles to higher growth.
New Delhi [India], May 1: Established in 2005, Prateek Group embarked on its journey with a vision of quality and on-time delivery. Founded by Prashant Tiwari, a Civil Engineer with a futuristic outlook, the company quickly gained prominence in the real estate sector. With over two decades o
Economic growth in the Asia Pacific region is better than previously projected but is expected to slow from 5 per cent in 2023 to 4.5 per cent in 2024, according to IMF's Regional Economic Outlook for Asia and Pacific.
New Delhi [India], April 29: Axita Cotton Limited, a prominent player in the textile industry, has recently showcased an impressive performance in its financial results for the fiscal year 2023-24, indicating a promising outlook for immediate gains. With a notable surge in revenue and profit
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.
"We support ASEAN unity, ASEAN centrality and the ASEAN outlook on Indo-Pacific. India truly believes that a strong and unified ASEAN can play a constructive role in the emerging regional architecture of the Indo-Pacific," EAM Jaishankar said in a virtual address at the first ASEAN Future
Asia, led by India, is poised to make a significant contribution to global growth, with projections indicating that the region will account for about 60 per cent of global growth, as highlighted by the International Monetary Fund (IMF) at a press briefing on the Regional Economic Outlook for
The report says productivity driven growth will contribute to a favourable outlook for India. With inflation projected at 4.5 per cent in the next fiscal and current account deficit forecasted to remain below 1.5 per cent of GDP during the same period.
The ratings agency affirmed various credit ratings for these institutions, signaling confidence in their financial stability despite ongoing economic challenges.
After the IMF's World Economic Outlook forecast that India is set to remain the fastest-growing among major economies in 2024, experts hailed the IMF projections and highlighted that the Indian economy is set to become third largest in the world soon.