Reports

News and Trends

How India's Auto Industry Wrapped Up 2024

Key domestic sales statistics for the year include 42,74,793 PV units sold, marking a 4.2 per cent increase over the previous year. Two-wheelers sales also grew by 14.5 per cent to 1,95,43,093 units and three-wheelers sold 7,28,670 units, achieving 6.8 per cent growth.

News and Trends

India's Industrial Growth Hits 6-Month High; IIP Surges 5.2% in Nov'24: Report

The industrial sector faces a tempered outlook, with advance estimates projecting a reduced growth rate of 6.2 per cent for FY25, down from 9.5 per cent in FY24, due to base effects. However, signs of recovery are emerging.

News and Trends

India's Growth Slides From 8.2% to 6.4% in FY 24-25: Govt Report

Real GVA for FY 2024-25 is estimated to be INR 168.91 lakh crore, compared to INR 158.74 lakh crore in FY 2023-24, which implies a growth rate of 6.4 per cent. This is especially lower than the 7.2 percent real GVA growth achieved in the previous financial year.

Technology

The Cybersecurity Wake-Up Call for MSMEs in 2025

Reports highlight the severity of cybersecurity risks, citing over 400 million malware incidents in 2023 alone. As MSMEs expand, lightweight defenses become insufficient. Advanced persistent threats (APTs) and sophisticated ransomware attacks demand medium-weight and eventually state-of-the-art measures.

News and Trends

Auto Retail Records 9.1% YoY Growth in CY24 Amid Headwinds: FADA

Growth was led by the two-wheeler (2W) segment up by 10.7 per cent, three-wheeler (3W) segment by 10.4 per cent, passenger vehicles (PV) increasing by 5.1 per cent, and tractors by 2.5 per cent

News and Trends

India's Poverty in Decline: SBI Report

The poverty line is now set at INR 1,632 for rural areas and INR 1,944 for urban areas, significantly higher than the INR 816 (rural) and INR 1,000 (urban) benchmarks established in 2011-12.

News and Trends

Subdued Credit Growth on the Horizon for India's FY26 Economic Prospects: Report

Certificates of deposit, which reached a decadal peak of INR 4.9 trillion as of November, 2024, reflect this dynamic. While this figure surpasses the previous high of INR 4.5 trillion recorded in April 2011, the share of total deposits remains modest at around 2.5 per cent

News and Trends

India's Digital Payment Ecosystem Reaches New Heights in December 2024: Report

The exponential growth in digital payments in India can be attributed to several factors, including government initiatives like the "Digital India" campaign, convenience and security features, and expanding digital infrastructure.

News and Trends

Premium Launches Driving Growth of Smartphone Market in India

The Indian Smartphone market is evolving rapidly, with OEMs increasingly focusing on premium launches. The premium segment is projected to exceed 20 per cent market share by 2025.

News and Trends

India's Forest and Tree Cover Expands by 1,445 Sq Km, Achieves 2.29 Billion-Tonne Carbon Sink

While very dense forests increased by 3,465.12 sq km, moderately dense and open forests declined by 1,043.23 sq km and 2,480.11 sq km, respectively. Mangrove cover, vital for coastal ecosystems, experienced a slight decrease of 7.43 sq km.

News and Trends

India's Economic Outlook Expected to Grow 6.6% in Q3 FY2025 Amid Challenges: ICRA Report

ICRA estimates the GVA growth to improve to 6.6 per cent in Q3 FY2025 from 5.6 per cent seen in Q2 FY2025; the pace of GDP growth in the quarter will be contingent on the Government's subsidy pay-out and indirect tax inflows. Overall, we expect the GVA and GDP growth to print at 6.5 per cent each in FY2025

News and Trends

Steering Toward a Sustainable Future: India's EV Public Charging Roadmap 2030

The report identifies 40 priority cities and 20 key highway stretches that could serve as the backbone of India's public EV charging infrastructure.

News and Trends

ROI a Key Driver for India's AI Investments: Report

Freshworks' new report on AI in the workplace suggests that India is leading in setting new benchmarks in AI integration and innovation

Growth Strategies

Indian Graduates' Employability Rate Reaches 54.81 per cent: Report

By addressing regional disparities, fostering gender diversity, and equipping graduates with both technical and soft skills, stakeholders can harness the full potential of the nation's workforce.

News and Trends

Coca-Cola Sells 40% Stake in Indian Bottling Unit to Jubilant Bhartia Group

While the financial details were not officially disclosed, media reports peg the deal's valuation at around INR 10,000 crore.