Key Points
Indias economic growth unexpectedly slowed to 4.4% in the three months to December..
Economic expansion may be under pressure as the full-blown impact of the Reserve Bank of Indias 250 basis point hike in borrowing cost since May gets transmitted to end-consumers, Crisil Ltd., the local unit of S&P Global Ratings, said in a report.AP..
Indias economic activity held steady in February though there were early signs of slowing consumption amid concerns of future growth prospects and hawkish monetary policy...
Goods and services tax collections, which help measure consumption in the economy, fell to 1.49 trillion rupees ($18.1 billion) in February from 1.56 trillion rupees in January though it was 12% higher from a year ago...
Electricity consumption, a widely used proxy to measure demand in the industrial and manufacturing sectors, improved. Peak demand in February rose to 181 gigawatt from 173 gigawatt a month ago amid predictions of hotter weather over the coming months..
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Indias steadying economy shows early signs of weakening consumption
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Strong domestic demand to sustain growth in near term: Moody’s Investor Service
09, Nov, 23“With exports remaining weak amid an unfavourable global economic backdrop, strong domestic demand will likely sustain growth in the near-term,” the research firm said Thursday, predicting the Indian economy to grow 6.1% in 2024 and 6.3% in the subsequent year.
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19, Mar, 24The Reserve Bank of India forecasts a potential slowdown in the domestic FMCG sector in the next six months but highlights robust demand for premium consumer businesses. Despite the festival season, private final consumption expenditure remains low, and government consumption contracts. Capacity utilization across sectors prompts the need for new investments.
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