New Delhi, Feb 25 (IANS) India’s building materials market is expected to reach around $100 billion by 2030, driven by a robust 10–12 per cent compound annual growth rate (CAGR) over the next five years, from a $57 billion base in FY25, a report said on Wednesday.The report from investment bank Avendus Capital said that fast moving electrical goods represent the largest opportunity, with wires and cables expected to grow at mid‑teens CAGR supported by grid upgrades, data centres, electric …
Latest Consumption News & Updates
Washington, Feb 19 (IANS) The International Monetary Fund has urged China to take stronger steps to revive domestic demand and reduce economic imbalances, warning that weak consumption and deflation could slow growth and affect the global economy. The IMF Executive Board, which concluded its 2025 Article IV consultation with China on February 13 (local time), said the economy “has remained remarkably resilient despite facing multiple shocks in recent years.”China’s economy grew 5 per cent …
New Delhi, Feb 2 (IANS) Robust consumer spending and public investments will maintain India’s real GDP growth at 6.7 per cent in fiscal 2027 and 7 per cent in fiscal 2028, S&P Global Ratings said on Monday, adding that the Union Budget reinforces its expectation of gradual fiscal consolidation.The global ratings anticipates that these growth rates continue to place India above sovereign peers at similar income levels and should continue to support fiscal revenue increase.The central governme…
New Delhi, Jan 29 (IANS) A strong manufacturing sector can push India’s medium-term economic growth to 7.5 or 8 per cent, higher than the 7 per cent projected in the Economic Survey, Chief Economic Adviser V. Anantha Nageswaran said on Thursday.Addressing the media after the tabling of the Economic Survey in the Parliament, the CEA said that a strong manufacturing sector, which pushes up exports, would also reduce the current account deficit and bolster the rupee.He also said that the sector i…
New Delhi, Jan 8 (IANS) India’s economic growth is expected to outpace the National Statistical Office’s (NSO) first advance estimate, reflecting “buoyant high‑frequency data since September 2025 led by policy impetus,” a new report has said.The report from Morgan Stanley estimated real GDP growth at 7.6 per cent year‑on‑year for FY26 — above the NSO’s first advance estimate which pegged real GDP growth at 7.4 per cent YoY.The consensus estimate for FY26 growth is at 7.5 per cent an…