Why this economic slowdown is serious
5 years, 4 months ago

Why this economic slowdown is serious

India Today  

Suppose you inherited a farmland and a house. FMCG major Hindustan Lever reported volume growth of 5.5 per cent in April-June quarter compared to 12 per cent last year. Asian Paints saw a volume growth slump from 12 per cent in April-June quarter last year to 9 per cent this year. Bank's lending to MSME At macro-level, lending by banks to industries shows a significant jump from 0.9 per cent in April-June quarter in 2018 to 6.6 per cent for the same period this year. While the labour force survey, released by the government in July, showed a record high unemployment rate of 6.1 per cent for 2017-18, recent Reserve Bank India report does not present a brighter picture.

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History of this topic

FMCG Q3 preview: Rural consumption holds up, but urban slump may weigh on consumer goods companies
2 days, 7 hours ago

FMCG Q3 preview: Rural consumption holds up, but urban slump may weigh on consumer goods companies

Live Mint  

New Delhi: Despite some pockets of resilience in rural markets and price hikes to combat inflation, India’s consumer goods companies faced a challenging third quarter. A delayed winter added to weak urban demand woes and inflationary pressures, and several consumer goods companies are expected to report low single-digit revenue growth and margin contraction for the October-December period. On Monday, Mumbai-based …

ITC, Marico to Britannia: Why are FMCG stocks under pressure today? Explained
Trending News
1 month ago

ITC, Marico to Britannia: Why are FMCG stocks under pressure today? Explained

Live Mint  

Stock Market Today: FMCG stocks came under significant selling pressure on Monday, December 9 as a weak mid-quarter business update from Godrej Consumer Products raised concerns across the sector about demand revival. Indian FMCG companies are currently grappling with twin challenges: rising commodity prices and weak demand from urban consumers, which severely impacted margins in the second quarter. Godrej Consumer …

The week in charts: US polls, FMCG slowdown, CEO salaries
2 months ago

The week in charts: US polls, FMCG slowdown, CEO salaries

Live Mint  

Every Friday, Plain Facts publishes a compilation of data-based insights, with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. Trump trumps Despite pre-poll surveys giving Democratic candidate Kamala Harris a slight edge over Republican opponent Donald Trump, the results have scripted a historic comeback for the latter. Sony’s surge $1 …

Rural demand slows down for FMCG
1 year, 2 months ago

Rural demand slows down for FMCG

Live Mint  

Consumer goods companies pointed to sluggish recovery in rural demand in the September quarter and said demand will improve “gradually” even as urban markets charged ahead helping companies lift quarterly volumes. While urban sentiment improved sequentially, instances of higher food inflation and uneven rainfall distribution led to a slower-than-expected pace of recovery in rural demand, the company said. In an …

FMCG firms to stay in the slow lane this year
4 years, 5 months ago

FMCG firms to stay in the slow lane this year

Live Mint  

Market researcher Nielsen now projects India’s packaged consumer goods sales to shrink or remain little changed from last year, slashing its rather optimistic 5-6% growth estimate made on 30 April on hopes that the sector would better withstand the fallout from the coronavirus pandemic. “Despite increased household consumption, even in the dairy sector, overall growth would remain flat for the …

Slowdown Saga: Manufacturing downturn pulls Q2 GDP growth to 4.5%
5 years, 1 month ago

Slowdown Saga: Manufacturing downturn pulls Q2 GDP growth to 4.5%

The Quint  

New Delhi, Nov 29 A massive contraction in manufacturing, agriculture and mining activity pulled India's GDP growth rate down to 4.5 per cent in the second quarter ended September 2019-20. This is the fifth successive quarter of decline and the slowest GDP growth rate over six years. On a sequential basis, the growth rate came lower than the 5 per …

GDP growth slows to 6-year low at 5% in April-June from 8% a year ago; agriculture, manufacturing sectors show dismal performance
5 years, 4 months ago

GDP growth slows to 6-year low at 5% in April-June from 8% a year ago; agriculture, manufacturing sectors show dismal performance

Firstpost  

Continuing on its downward slide, the economic growth in the first quarter of FY20 slowed to 5 percent in April-June from 8 percent in a multi-year low. Continuing on its downward slide, the economic growth in the first quarter of FY20 slowed to 5 percent in April-June in a multi-year low. India’s economic growth dropped to 5 percent in the …

GDP growth falls to over six-year low of 5% in June quarter
5 years, 4 months ago

GDP growth falls to over six-year low of 5% in June quarter

Live Mint  

Indian economy or GDP expanded at lower-than-expected 5% year on year in the April-June quarter, the slowest in over six years, driven by weak investment growth and sluggish demand. Last week, Finance Minister Nirmala Sitharaman announced a number of steps to revive economic growth and shore up market confidence, including rolling back recent tax hikes on foreign and domestic equity …

Govt unlikely to announce any economic stimulus before Monday, meetings planned to discuss package: Report
5 years, 4 months ago

Govt unlikely to announce any economic stimulus before Monday, meetings planned to discuss package: Report

Firstpost  

The Australia and New Zealand Banking Group slashed its forecast for India’s economic growth to 6.2 percent in the financial year ending next March from a previous estimate of 6.5 percent, The government is unlikely to announce any economic stimulus before Monday as more meetings are being planned to discuss a package, a government source said. Economic stimulus decision unlikely …

Economic slowdown: Narendra Modi reviews situation, asks Nirmala Sitharaman to come up with plans to spur jobs, beat slump
5 years, 4 months ago

Economic slowdown: Narendra Modi reviews situation, asks Nirmala Sitharaman to come up with plans to spur jobs, beat slump

Firstpost  

The prime minister asked the finance minister to streamline ideas to spur jobs and submit a report on the ongoing economic slowdown. Taking a serious note of the ongoing slowdown that has gripped several industrial sectors in the country and has resulted in job losses, Prime Minister Narendra Modi on Thursday reviewed the state of the economy with Finance Minister …

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