The Indian Quick Service Restaurant (QSR) market is booming, with Tier II cities at the forefront. Projected to grow by 20-25 per cent in FY2024 and reach USD 32.2 billion by 2028, these cities offer a significant opportunity for homegrown QSR chains due to lower operational costs and shifting demographics.
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The heightened demand is further supported by the RBI, which maintained interest rates for the sixth consecutive time, expected to add momentum to the residential market
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Propped up by Automobile, Electrical Machinery, and Aircraft Products Sectors
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As the nation marks National Logistics Day, it is crucial to recognise the importance of a strong logistics policy in promoting economic growth and enhancing global competitiveness
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Among the top seven cities, the National Capital Region (NCR) stood out with a 6 per cent rise in quarterly sales, reaching approximately 16,550 units in Q2 2024 compared to 15,650 units in Q1 2024
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After a prolonged phase of steady demand, Mumbai saw a significant 3.5 million square feet of leasing during this quarter, twice the levels compared to Q2 2023, mainly due to strong demand from newly completed office supply
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Federation of Indian Export Organisations proposed that the government extend the Interest Equalisation Scheme (IES) for five years to compensate exporters for a portion of the interest on loans
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Telecom companies have shown significant interest in multiple frequency bands, including 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2500 MHz, 3300 MHz, and 26 GHz
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Share of manufacturing in GDP to Rise from 14 per cent in FY24 to 21 per cent by FY34
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The improvement is stark compared to the preceding quarter ending December 2023, which saw a current account deficit of USD 8.7 billion or 1 per cent of GDP
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