DDIndia Business: Economic Headlines & Updates

Business

December 31, 2024 12:42 PM

India’s out-of-home coffee market projected to reach up to $3.2 billion by 2028

As coffee gains popularity among urban consumers in a traditionally tea-loving nation, India’s out-of-home coffee market is expected to grow at a compound annual growth rate (CAGR) of 15-20 percent, reaching $2.6-$3.2 billion by 2028, according to ...

December 31, 2024 12:20 PM

India’s current account deficit to stay at 1% of GDP for FY2025: CRISIL report

India's current account deficit (CAD) is projected to remain at a safe 1% of GDP for fiscal year 2025, rising from 0.7% in the previous year, according to a report by CRISIL. While geopolitical risks may pose challenges, strong financial inflows and ...

December 31, 2024 10:51 AM

Indian shares open lower amid global weakness and valuation concerns

Domestic benchmark indices opened lower on Tuesday with selling pressure in IT, realty, auto, financial services, FMCG, media, and private bank sectors on the Nifty. At approximately 9:25 am, the Sensex was down 434.64 points (0.56%) at 77,813.49, w...

December 30, 2024 7:24 PM

India’s economy, banks in robust health: RBI

The Indian economy and the domestic financial system are underpinned by strong macroeconomic fundamentals, healthy balance sheets of banks and non-banks with returns on assets at decadal highs, according to the RBI financial stability report released...

December 30, 2024 3:40 PM

India’s smartphone market reaches record high in Q3 2024, driven by 5G models

India’s smartphone market hit a new milestone in Q3 2024, registering a 3% year-on-year growth in volume and a remarkable 12% increase in value, according to Counterpoint’s monthly India Smartphone Tracker. 5G smartphones dominated the market, a...

December 30, 2024 3:34 PM

Mixed Fortunes for Commodities in 2025: Gold Bull Run to continue amidst energy and agricultural volatility

The gold market thrived throughout 2024, delivering substantial gains for investors in the yellow metal. It is anticipated that this precious metal will continue to shine as we move into the new year. Publicly available data shows that gold yielded ...

December 30, 2024 3:05 PM

Budget 2025-26: Assocham seeks greater ease of doing business, enhanced credit flow for MSMEs

To boost micro, small, and medium enterprises (MSMEs) and improve ease of doing business, Assocham has proposed the creation of integrated infrastructure townships and universities dedicated to skill development and entrepreneurship. The aim is to en...

December 30, 2024 11:28 AM

India’s BoP strengthened by robust inflows from NRI deposits, external commercial borrowing in the quarter: report

India’s Balance of Payments (BoP) witnessed a significant boost in the second quarter of FY25, driven by robust inflows from Non-Resident Indian (NRI) deposits, External Commercial Borrowings (ECBs), and Foreign Portfolio Investments (FPIs), accord...

December 30, 2024 11:20 AM

Sensex, Nifty open lower amid weak investor sentiment

India's benchmark indices opened in the red on Monday, as investor sentiment remained subdued, leading to broad-based selling across sectors including auto, IT, PSU banks, financial services, FMCG, media, energy, and metals in early trade. The Sense...