Page 2 - Consumption Growth
International Day for the Eradication of Poverty 2022: All you need to know
On December 22, 1992, the United Nations General Assembly (UNGA) passed a resolution designating October 17 as the International Day for the Eradication of Poverty
 "International Day for the Eradication of Poverty 2022: All you need to know")
Shopping mall sales in top-8 cities to hit $39 bn by FY28: Knight Frank
The high revenue growth has largely been predicted due to increasing mall supply in next six years, sustenance of rising consumption demand
 "Shopping mall sales in top-8 cities to hit $39 bn by FY28: Knight Frank")
Banks, FMCG: Time to bet on domestic economy-related sectors, say experts
Banks, Auto, FMCG, Hospitals, Domestic Industrials, and Discretionary may continue to outperform the 'Export + Cyclical'-oriented themes
 "Banks, FMCG: Time to bet on domestic economy-related sectors, say experts")
Statsguru: Six charts show hits and misses after India's independence
India's per capita gross domestic product (GDP) rose from less than $100 in 1960 to over $2,200 in 2021
 "Statsguru: Six charts show hits and misses after India's independence")
Upper middle class to revive consumption cycle again soon: Report
The top 20 per cent of upper-income consumers will help recover the near-term consumption demand, as per a report
 "Upper middle class to revive consumption cycle again soon: Report")
HUL to Relaxo Footwears: Analysts upbeat on consumption-related stocks
Changes in the income-tax, likely good monsoon and the on-going above normal Rabi acreage along with higher MSPs are the key triggers analysts are betting on for the consumption revival
 "HUL to Relaxo Footwears: Analysts upbeat on consumption-related stocks")
Consumption funds: Go for a maximum 5-10% exposure, say experts
Steady economic revival holds the key
 "Consumption funds: Go for a maximum 5-10% exposure, say experts")
Low base drives up India's GDP growth to record 20.1% in Q1FY22
Growth yet to get back to pre-covid level, CEA sees it happening next year
 "Low base drives up India's GDP growth to record 20.1% in Q1FY22")
India's economic recovery stumbles, setting stage for sustained low rates
A contraction in India's services sector deepened as localized curbs to control the virus spread hurt consumer demand and business activity
 "India's economic recovery stumbles, setting stage for sustained low rates")
Consumption hit from second Covid wave seen denting Indian economy
The economic drag from the pandemic in the current quarter will be dominated by demand destruction or deferment of expenditures, said QuantEco Research economist Yuvika Singhal
 "Consumption hit from second Covid wave seen denting Indian economy")
Power consumption grows nearly 19 pc in 1st fortnight of May
Power consumption in the country grew by around 19 per cent in the first fortnight of May showing recovery in industrial and commercial demand of electricity, according to the power ministry data.
 "Power consumption grows nearly 19 pc in 1st fortnight of May")
We may consider acquisitions in South East Asia: Marico head Saugata Gupta
In an Q&A, Saugata Gupta, Marico's managing director and CEO, hails the Budget and lays out the company's road map for the future
 "We may consider acquisitions in South East Asia: Marico head Saugata Gupta")
India's consumption economy will be third-largest by 2030: Flipkart CEO
The estimated size of the retail commerce economy in India will be more than $1 trillion in the next 3-4 years, said Krishnamurthy
 "India's consumption economy will be third-largest by 2030: Flipkart CEO")
Do mobility indices show stronger-than-expected consumption revival in Q2?
Apple Driving Index nearly caught up with Google Mobility Index for grocery mid August, further showing that Q2 GDP growth might not be as bad as expected
 "Do mobility indices show stronger-than-expected consumption revival in Q2?")
July data indicates consumption may be stagnating amid Covid-19 crisis
Analysts have cut earnings estimates more sharply for consumption-oriented companies, even as many other indicators show signs of stagnation.
 "July data indicates consumption may be stagnating amid Covid-19 crisis")
Covid-19 left 147 mn unemployed, global consumption loss at $3.8 trn: Study
Decisions made in response to the pandemic could shape the future of humanity, says study published in journal PLOS ONE.
 "Covid-19 left 147 mn unemployed, global consumption loss at $3.8 trn: Study")
Best of BS Opinion: Covid-19 impact on jobs, preserving the IBC, and more
From what the upcoming GST Council meet should focus on to how Trump's response to the protests helped it spread beyond its borders, here's a selection of Business Standard Opinion pieces for the day.
 "Best of BS Opinion: Covid-19 impact on jobs, preserving the IBC, and more")
India's GDP growth may dip below 1% in 'slowdown turbulence', says CII
The Confederation of Indian Industry (CII) in a paper - A plan for economic recovery - has laid out its growth expectation under three os and suggested "urgent" fiscal interventions
 "India's GDP growth may dip below 1% in 'slowdown turbulence', says CII")
Low consumption deepens SBI Cards' woes as Covid-19 lockdown gets extended
Worsening business conditions and sell-off by anchor investors have taken the stock southward
 "Low consumption deepens SBI Cards' woes as Covid-19 lockdown gets extended")
Consumption sector will not be affected much by the 21-day lockdown
I believe the full-year impact on GDP will be around 150 basis points (bps)
 "Consumption sector will not be affected much by the 21-day lockdown")
