Page 3 - Consumption

Best of BS Opinion: An update on global capital, supply-side dilemma & more

Here is the best of Business Standard's opinion pieces for today

A supply-side dilemma

We need to stop obsessing over consumption, the real problem is supply

Be selective in consumption stocks ahead of ICC World Cup, say analysts

Headwinds for the airlines and QSR sectors, analysts believe, could outweigh the positives in the form of a demand uptick

Need for real-time data on production, prices of tea: IIPM Director

The government should set up an institutional mechanism to bring out real-time data on production, consumption, trade, and prices for the tea sector, Indian Institute of Plantation Management (IIPM) Director Rakesh Mohan Joshi said on Friday. He also said there is an urgent need to bring out enabling policies with targeted interventions to address the rapidly emerging novel issues such as climate change, curtailing production costs and achieving efficiency across the value chain in the sector. To cope with emerging challenges in the tea industry, the government should focus upon adopting an integrated approach to evolve an institutional mechanism with active participation of producing states along with other stakeholders in tea production. "The tea industry, once a gold mine for the British planters and a major source of foreign exchange earnings that played a critical role in India's trade and economy in the last century, struggles today even for survival," Joshi said. India's sha

Inflation is slowing down personal consumption expenditure: RBI report

Even if the central bank has not ruled out further interest rate hikes, bank lending and deposit rates have started to soften

Inflation is slowing down personal consumption expenditure: RBI paper

Inflation is slowing down personal consumption expenditure, which in turn is moderating corporate sales and holding back private investment in capacity creation, said a Reserve Bank paper on Friday. The paper, authored by a team led by RBI Deputy Governor Michael Debabrata Patra, underlined the need for lowering inflation to revive consumer spending and boost corporate revenues and profitability. The retail inflation based on the consumer price index (CPI), which remained above 5 per cent during 2022-23, is now on the decline and fell to a two-year low of 4.25 per cent in May, following RBI's monetary policy actions and government measures. "Recent national accounts data and corporate results when read in conjunction clearly show that inflation is slowing down personal consumption expenditure. This, in turn, is moderating corporate sales and holding back private investment in capacity creation," said the article published in the RBI's latest bulletin. The Reserve Bank, however, sai

Consumption of consumer goods in rural India back on growth track in Q1

The consumption of consumer goods in rural India returned to growth after more than a year in the March quarter and is expected to grow for the rest of the year

India's consumption is expected to become 50% cashless by FY26: Report

There will be some 350 mn digital consumers in 'cash displacement market' in three years

India to become 50% non-cash economy in consumption in 3 years: Report

India is expected to become a 50 per cent non-cash economy in consumption in the next three years, with person-to-merchant digital transactions reaching over $1.5 trillion by FY26

Modest downgrade of India's growth due to slow domestic consumption: IMF

India's growth rate has been modestly downgraded from 6.1 per cent to 5.9 per cent for the current fiscal mainly because of the slowness of domestic consumption and data revision, according to a top IMF official. The International Monetary Fund (IMF) on Tuesday lowered India's economic growth projection for the current fiscal to 5.9 per cent from 6.1 per cent earlier. Yet India will continue to be the fastest-growing economy in the world. In its annual World Economic Outlook, IMF also lowered the forecast for 2024-25 fiscal (April 2024 to March 2025) to 6.3 per cent from the 6.8 per cent it had predicted in January this year. Krishna Srinivasan, Director of the Asia and Pacific Department, IMF, said the revisions to India's growth have been very modest from 6.1 per cent to 5.9 per cent and probably reflects two factors. "One is that domestic consumption growth is starting to slow, albeit modestly. The other factor is data revisions in 2019 to 2020, which suggests the economic ...

India's steadying economy shows early signs of weakening consumption

Economic expansion may be under pressure as the "full-blown impact" of the Reserve Bank of India's 250 basis point hike in borrowing cost since May gets transmitted to end-consumers, Crisil Ltd., the

Inflation slows down packaged tea consumption growth, rural impact bigger

Tea drinkers forced to downgrade to lower qualities of beverage; consumption also impacted by rising milk prices

Q3 GDP numbers: Pent-up household demand fizzles out, shows data

Govt capex carries capital formation

Too early to bet on rural recovery; stay selective on FMCG stocks: Analysts

In their quarterly update, Godrej Consumer Products, Dabur, and Marico witnessed sluggish growth in the December quarter (Q3) driven by poor rural consumption and a slowdown after the festival season

Asia the saver

The global savings glut may persist as, despite ageing rapidly, Asia can continue to be a net saver

Consumption, infra investments show recovery: First advance estimates

But slowdown visible in H2, shows first Advance Estimates of GDP for FY23

India's electricity consumption grows 11% to 121.19 bn units in December

India's power consumption logged a double-digit growth of over 11 per cent to 121.19 billion units in December 2022 compared to the year-ago period, according to government data. The robust growth of power consumption indicates sustained momentum of economic activities in December. Experts say power consumption and demand will further increase in January due to use of heating appliances, especially in the northern parts of the country, and further improvement in economic activities. In December 2021, power consumption stood at 109.17 billion units (BU), higher than the 105.62 BU in the same month of 2020, the data showed. The peak power demand met, which is the highest supply in a day, rose to 205.03 gigawatt (GW) in December 2022. The peak power supply stood at 183.24 GW December 2021 and 182.78 GW in December 2020. The peak power demand met was 170.49 GW in the pre-pandemic December 2019. Electricity consumption in December 2019 stood at 101.08 BU.

New assets, expansion to drive growth for mall firm Phoenix Mills

Brokerages expect double digit earnings growth over the next three years

Enhance budget for PLI scheme and widen its coverage: Assocham

The government's PLI scheme, introduced in 2021, had an outlay of around Rs 2 trillion for 13 sectors

India's electricity consumption grows 14% to 112.81 billion units in Nov

India's power consumption logged a double-digit growth of 13.6 per cent to 112.81 billion units in November 2022 compared to the year-ago period, according to the government data. The robust growth of power consumption in the month mainly indicates an increase in economic activities as generally it remains subdued in November. Experts say power consumption and demand will further increase in the coming months due to use of heating appliances, especially in the northern part of the country, and further improvement in economic activities on account of the beginning of the new rabi crop season. Farmers use electricity to run tubewells for irrigation for new crops. In November last year, power consumption was 99.32 billion units (BU), higher than 96.88 BU in the same month of 2020, the data showed. The peak power demand met, which is the highest supply in a day, last month rose to 187.38 gigawatt (GW). The peak power supply stood at 166.10 GW in November 2021 and 160.77 GW in November