Galloping food prices in India have led to lower consumer spending with growth rates shrinking between 5 and 10 percent in categories such as soaps and hair colours in the FMCG industry.…
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India: Buoyant demand to sustain growth momentum in durables
Figures from the Index of Industrial Production (IIP) numbers in India indicate that the consumer durables sector in the country is heading for a high growth year. The 37.3 percent growth indicat…
Asian stocks stumble as China tightens credit
Asian stock markets suffered losses on Wednesday following the weaker close on Wall Street and on news that China’s central bank was tightening monetary conditions.…
Financial Express: Indian FMCGs flying off shelves
2009-10 has so far been a good year for the fast-moving consumer goods industry in India. In the six months up to September 2009, most companies posted a double-digit growth in sales, driven mainly by…
Korean giant takes 15 percent in Home Shop 18
GS Home Shopping, South Korea’s largest and the world’s third largest home shopping network, has picked up a 15 percent stake in India’s 24-hour home shopping network, Home Shop 18.…
India expects strong economic growth
India’s economy is expected to grow this fiscal year ending March 31, top Indian ministers said Friday, highlighting that the expansion will be one of the fastest among major economies that shru…
Retail sales in Australia at high in November
Australian retail sales surged in November, rising at the fastest pace since the launch of economic stimulus at the start of 2009 and stoking the case for the central bank to raise interest rates next…
Happy new decade, India
The Indian Express-Indicus Analytics study on how India will look in 2020 has found that the country’s GDP could grow at an average annual rate of 9.6 percent over the next 10 years.…
Uptick in Indian handicraft exports may continue
With handicraft exports turning positive after a long gap of 11 months, the Indian Government says the uptick is likely to continue, as the economies of the West have started recovering from the finan…
SRM School of Management holds retail conference in India
More than 200 delegates, including researchers from outside India, are participating in a three-day International Conference on Retail Excellence (ICRE) organised by SRM University’s School of M…