After witnessing healthy growth in the calendar year 2021 (CY21) and CY22, global apparel trade declined by around 7 per cent to USD 520 billion in CY23 amid inflationary pressures and destocking by customers and retailers
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The gross domestic product (GDP) growth forecast for the financial year 25-26 has also been retained at 6.9 per cent for India by S&P Global Ratings
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The Finance Minister highlights the need for timely and efficient use of these funds during a review meeting in New Delhi
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The forecast is due to ongoing challenges driven by reduced discretionary technological spending amidst persistent macroeconomic uncertainties in key markets, particularly the US and Europe.
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According to the Icra report, the credit profiles of mall operators are expected to remain stable due to the comfortable leverage and debt coverage metrics
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Several key indicators point to a strengthening of the economic landscape, supported by goods and services tax (GST) collections, vibrant sectoral performances, and favourable external and fiscal conditions
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The rating agency estimates the Private asset reconstruction companies (ARC) assets under management (AUM) at Rs 1.2 to Rs 1.25 lakh crore by the current fiscal, a decline from Rs 1.35 lakh crore in the previous fiscal
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The expected fall in the imports of pulses in the current year is on the back of better domestic production in the 2024-25 crop year
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After a healthy financial year (FY) 2024, the pan-India premium hotel occupancy is expected to be in a range of 70 to 72 per cent for the year and the average room rates (ARRs) are likely to increase to Rs 7,800 to 8,000 in FY25
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Taking the growth in aluminium production into account as well, the trends point towards strong economic activity in sectors such as energy, infrastructure, construction, machinery
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