-Business Today Now that a decline in private consumption is pulling down economic growth, the focus needs to shift to improving wages and other measures to spur demand and savings, which does not seem to be happening now New Delhi: That the Indian economy is slipping into a recession is quiet apparent. The real GDP growth has gone down from a peak of 8.2% in 2016-17 to 6.8% in 2018-19, with the...
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Slowdown in sale of biscuits and cookies: A blip in rural consumption or premiumisation of eatables? -Himadri Buch
-Moneycontrol.com The Rs 35,000 crore biscuit industry has several players, the top most being the Britannia and Parle, which accounts for 70 percent of the industry’s volume and revenues. Subdued rural growth has begun to show up in the cookies category of eatables, especially your tea-table humble biscuit plates. Reports have emerged that the staple biscuits category like Parle-G has slowed down in rural demand, although similar pains are not visible in...
More »In economic slowdown, a back story about falling investor confidence -Harish Damodaran
-The Indian Express Fixing the economy today cannot happen through consumption; revival in investment is what's desperately needed. New Delhi: Investment, unlike consumption, satisfies no immediate want. The businessman putting his money today is basically taking a bet on the future, when it would start yielding returns. Such bets are a function of the “state of confidence” at the time of investment. The investor has to be reasonably, if not absolutely,...
More »Auto sector slowdown hits scrap dealers, micro units in Coimbatore -M Soundariya Preetha
-The Hindu Production in foundries supplying castings to the automobile industry has dropped considerably In Coimbatore, where a large number of industrial units and foundries are working in the automobile sector, the slump in vehicle demand is impacting several businesses indirectly. A micro industry with just two CNC machines, doing job work, used to earn nearly ?10,000 a week from selling scrap. This income has reduced steeply in the last couple of months...
More »Solar pump scheme needs serious relook -Chandra Bhushan
-The Financial Express The Ministry of New and Renewable Energy (MNRE) recently rolled out a massive solar-pump programme called the PM-KUSUM scheme. The scheme has a target to set up 25,750 megawatts (MW) solar capacity by 2022 to power irrigation pumps, with central financial support of Rs 34,422 crore. It includes installation of 1.75 million off-grid and 1 million on-grid solar pumps as well as 10,000 MW of solar capacity in rural...
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