INDIA CONSUMPTION

In 2024, premium consumption sees growth despite slower car and smartphone sales. SUVs and Rs 10 lakh vehicle sales rose 13%, with Maruti Suzuki up 20%. SUVs formed 63% of sales (Society of Indian Automobile Manufacturers). Premium smartphones (Rs 3...

Saugata Gupta, MD & CEO of Marico Ltd, highlighted expectations for the upcoming Union Budget 2024-25, emphasizing the potential impact of tax relief for the middle-class and salaried sectors in boosting purchasing power and stimulating consumption....

BP's Energy Outlook has predicted India's oil consumption will reach 7 million barrels per day and natural gas at 97 billion cubic meters by 2030. In the current trajectory, primary energy hit 55 exajoules with renewable growth. China's gas usage ha...

India's scorching summer impacts Avenue Supermarts Ltd. and Bajaj Auto Ltd. DMart sells more ice cream, while Bajaj Auto defers purchases and introduces a new CNG-powered motorcycle, with its slowest profit expansion in April-June quarter. Nirmala S...

Indian data centre operators are racing to reduce the massive power consumption of AI infrastructure. As the country prepares to acquire 100,000 GPUs by 2024, concerns over sustainability and environmental impact are mounting.

India Ratings and Research predicts a rise in private consumption in FY25, driven by rural demand recovery due to a normal monsoon and moderating inflation. This will lead to more balanced growth, reducing the disparity between premium and value seg...

Temasek foresees steady growth in India supported by infrastructure investments and recovering private consumption. The investor's Net Portfolio Value increased to SGD 389 billion, driven by gains in the US and India. Temasek maintained a cautious i...

​Total consumption totalled 19.99 million metric tons in June, up from 19.48 million tons last year, data showed.​​ Demand was down 3.5% on a monthly basis from the 20.72 million metric tons consumed in May. Sales of diesel, mainly used by trucks an...

Consumption growth has remained weak since the pandemic, recovering at a slow pace. Private consumption is recovering, with growth is tracking at 4% in the quarter ended March 31, 2024 as against 1.5% a year ago but it is just catching up to the pre...

​The report suggests that five key stories emerge from the 2023 data, starting with record global energy consumption, with coal and oil pushing fossil fuels and their emissions to record levels. "Global primary energy consumption overall was at a re...

The World Bank revised India's FY25 growth forecast to 6.6% from 6.4%, expecting India to remain the fastest growing economy, driven by public and private investment, and rising consumption.

This is the highest annual growth since FY17, excluding the 9.7% post-Covid rebound in gross domestic product (GDP) in FY22 after the 5.8% contraction in FY21. The advance estimate released in February had pegged FY24 growth at 7.6%. Economists and ...

India's economy experienced a 7.8% growth rate in the January-March quarter, surpassing expectations due to strong performance in the manufacturing sector. The GDP growth in the fourth quarter of FY24 was slightly lower than the revised 8.6% growth ...

India's post-election economic momentum is expected to be driven by capital spending, private consumption, and investment. S&P Global Market Intelligence highlights strategic sectors like renewables, electronics, and logistics. Inflation is projecte...

India's economy likely experienced its slowest growth in a year during the January-March quarter, attributed to weak domestic demand, according to a Reuters poll of economists. This follows a surprising 8.4% GDP growth in the October-December quarte...

Household savings in India likely saw a recovery in FY24, rebounding from a low in FY23, driven by increased deposit growth, investments in markets and real estate, and subdued consumption, according to Crisil. Bank deposits grew 13.5%, mutual fund ...

CII's business confidence index touched a 12-quarter high in Q4FY24, with 51% of firms expecting capacity utilisation of 75% and above. Moreover, 71% expect an improvement in private capex in the first half of FY25 compared with the second half of F...

India's private consumption patterns have seen a shift in the last fiscal year, with transport, health, and education contributing to 26.9% of total expenditure. This is the highest level since the new series in FY12. Vehicle purchases reached an 11...

The Indian economy is projected to become the world's third-largest consumer market by 2026. In 2023, India experienced faster consumption growth compared to China, the US, and Germany. However, consumption growth has trailed behind investment growt...