India's largest Consumer Packaged Goods companies are projecting good news to the stock market Dabur: The company expects double-digit growth in its Home and Personal Care segment, particularly in hair oils and oral care. Management anticipates consolidated revenue to grow in the mid-single digits, with operating profit and net profit...
India’s Economic Resilience Earns IMF Praise
At a time when global markets face turbulence due to U.S. trade tariffs, IMF Managing Director Kristalina Georgieva has expressed strong confidence in India’s economic trajectory. She commended India’s bold reforms, particularly its successful implementation of the digital identity system, Aadhaar, which defied global skepticism. Georgieva highlighted India’s emergence as...
IMF: India's Economy to Grow Faster than China's
In its World Economic Outlook report the International Monetary Fund said that India should grow at 7.3 percent in 2018-2019, up from 6.7 percent last year but lower than its earlier projection of 7.4 percent in April this year. The projection was revised down due to the increase in global...
IMF: India's Economy Leads in Growth
In its annual assessment of the Indian economy, the International Monetary Fund said, "India’s economy is picking up and growth prospects look bright. As one of the world’s fastest-growing economies—accounting for about 15 percent of global growth—India’s economy has helped to lift millions out of poverty. "The authorities have initiated...
Marriott International to Double Hotels in India
Arne Sorenson, president and CEO of Marriott International said that the company expected to increase hotel count in India from 100 to 200 in a few years. "We have about 50 more hotels that have been signed and are under development. This doesn’t mean that all are under physical construction;...
World Bank: India to Grow at 7.3%
India will see a robust growth of 7.3 percent this year and 7.5 percent for the next two years as "factors holding back growth in India fade," the World Bank has forecast. The June 2018 edition of the Global Economic Prospect report -- the global lender’s flagship publication on the...