The year 2022 was supposed to mark the recovery of the Indian economy from the Covid-19 pandemic and lockdowns of the preceding two years. However, the Russian invasion of Ukraine in February pushed up prices of food, fuel and fertilizer worldwide. In India consumer price inflation, which had declined to under 5 percent in the September-November period of 2021, has steadily increased, staying above 6 percent throughout 2022. What happened to rural incomes in 2022? An...
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FMCG growth slows in Oct-Dec Quarter - Sharleen D'Souza
- Business Standard India’s fast-moving consumer goods (FMCG) sector grew at a slower pace of 7.6 per cent, in the October-December 2022 quarter, compared to the previous quarter as well as October-December 2021, Business Standard reported, citing data from market research firm NielsenIQ. Price growth has tapered and volumed remain weak. Price growth during the quarter was 7.9 per cent, lower than 9.9 per cent in the previous quarter. FMCG firms were...
More »Core sector output rises by 5.4% in November vs 3.2% YoY: Govt data
-PTI/ Business Standard Production of eight infrastructure sectors like coal, fertiliser, steel, cement and electricity increased by 5.4% in Nov against a 3.2% growth in the same month last year, according to official data Production of eight infrastructure sectors increased by 5.4 per cent in November against a 3.2 per cent growth in the same month last year on a better show by coal, fertiliser, steel, cement and electricity segments, according to...
More »Rural demand for FMCG dips 17% in Nov as post-festive consumption slows -Sharleen D'Souza
-Business Standard Urban demand also hit, but not as badly; Overall FMCG sales decline 15.3% MoM and 2.7% YoY Rural demand for fast-moving consumer goods (FMCG) in November dropped because of a loss of momentum after the festival season. Please click here to read more. ...
More »MSMEs drive growth in bank credit to industry
-Financial Express The credit outstanding to industry stood at Rs 32.4 trillion as of September 23, according to the data. The banking sector lending to industry has picked up, led by disbursals to the micro, small and medium enterprises (MSME) sector. Bank credit to industry improved 12.6% year-on-year in September, compared to a muted 1.7% growth in the same month last year, data released by the Reserve Bank of India (RBI) showed. Banks’...
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