Key Points
Indian handicraft exports may witness a 6-8 per cent decline this fiscal to USD 3.3 billion, mainly due to a spending slowdown in global markets, a report said on Monday..
A slowdown in discretionary spending in key global markets will drag the largely export-oriented Indian handicraft industry by 6-8 per cent lower to USD 3.3 billion this fiscal, after a decline of 20 per cent in FY23, Crisil Ratings said in a report...
"Amid the slowdown in key export markets, Indian handicraft exporters will face increased competition from their Chinese counterparts post easing of Covid-19 curbs in China..
Handicraft exporters will rely on lower pricing and extended credit to counter subdued demand, which may pull down operating profitability by 200-250 basis points to 12 per cent," Crisil Ratings Director Rahul Guha said...
You might be interested in
Indian handicraft industry expected to see a 6-8% decline this fiscal year
26, Jun, 23The largely export-oriented Indian handicraft industry is expected to see a 6-8 per cent decline to $3.3bn this fiscal year due to a slowdown in discretionary spending; however, due to a healthy balance sheet and negligible capex debt, the industry's credit profile will stay stable, according to CRISIL Ratings.
India to grow at 6.8 pc in FY’25, to become upper middle-income country by 2031: Crisil Ratings
06, Mar, 24Says the next seven fiscals (2025-2031) will see Indian economy crossing USD 5 trillion-mark and inching closer to USD 7 trillion. Crisil Ratings on...
India aspires to become USD 7 trillion economy by 2030: Finance Ministry
30, Jan, 24New Delhi [India], January 29 (ANI): India can aspire to become a USD 7 trillion economy in the next six to seven years, the Ministry of Finance said in its monthly review report. At present, the Indian economy is estimated to be about USD 3.7 trillion. Show Full Article “This will be a significant milestone […]
Inflows from private equity, venture capital funds to domestic companies plunge to $27.9 billion in 2023
27, Dec, 23Private equity and venture capital investments in Indian companies declined about 40% to $27.9 billion in 2023, compared to $47.62 billion in 2022, according to data from Venture Intelligence and the Indian Private Equity and Venture Capitalist Association. The year also saw an increase in outflows to $19.34 billion from $18.45 billion in 2022. However, industry watchers expect a rebound in funding next year.
FPIs' investment value in Indian equities drops 11% to $584 billion
20, Feb, 23India Business News: After posting a robust growth in 2020 and 2021, the global equity markets went through a turbulent phase in 2022. In fact, 2022 was a difficult year a
India's per capita income seen growing nearly 70% to USD 4,000 by FY30
30, Jul, 23India's per capita income is likely to grow by nearly 70 per cent to USD 4,000 by FY 2030 from USD 2,450 in fiscal 2023, helping it become a middle-income economy with USD 6-trillion GDP, stated a report.indicators