Category: News

India to become third-largest consumer market by 2025   The elite and affluent income segments will constitute 40% of all spending by 2025.   Mumbai: India is expected to become the third-largest consumer market in the world by 2025 according to a report by The Boston Consulting Group’s (BCG) titled The New Indian: The Many Facets of a Changing Consumer.…

Economic Times | Indian retail market expected to nearly double to US$ 1 trillion by 2020.   Indian retail market is seeing a surge in entry of new players and is expected to nearly double to US$ 1 trillion by 2020 from US$ 600 billion in 2015, said a joint report by consulting firm Deloitte and Retail Association…

Remember when Japan was set to become the world’s top economy? The risks of such forecasts have been highlighted by this and other fearless predictions, including more recently that China would continue its double-digit growth rate forever and that India would quickly become the “new China.”   However, Asia’s rise to global prominence is no…

Five Facts on the Indian beauty market.   The International Monetary Fund (IMF) predicts India will be the world’s fastest-growing economy in 2016: GDP is forecast to grow 7.6%, ahead of China’s 6.6% growth. As its economy swells, the spending power of its population is similarly growing.   1. Driven by cultural traditional and Bollywood  …

For the first time in nearly 150 years, India’s economy surpasses that of United Kingdom   Times of India reports : Owing to Britain’s recent Brexit-related problems and thanks to India’s rapid economic growth, India has managed to overtake its erstwhile colonial master United Kingdom in terms of the size of the economy – the first time after…

Narendra Modi has turned India into a magnet: McKinsey CEO Dominic Barton.   MUMBAI: Dominic Barton, the CEO of the world’s largest whiteshoe consulting firm, McKinsey, says that India is back on the priority list of CEOs after Narendra Modi’s ascension to power. “People had given up on India. They felt India is too complicated…

Drapers |  Pair up to seize new opportunities in India By Harriet Brown   A local partner is essential for fashion retailers who want to embrace the potential of an Indian launch.   India is on its way up. The International Monetary Fund (IMF) predicts it will be the world’s fastest-growing economy in 2016: GDP…

ET Retail | Nov 19. India’s scale means once it gets digitised, innovation here will be greater than anywhere in the world: Bill Gates   “Even if one of my many ideas can make a difference to the lives of 1.3 billion people, it will be huge.“   What fascinates the world’s richest man about…

BBC News | Nov 11. Gates’s advice for the world’s most cash-strapped nation. The world’s richest man is visiting the world’s most cash-strapped nation.   And when I met Bill Gates in the presidential suite of one of Delhi’s many grand hotels, he was full of praise for the Indian prime minister’s decision to scrap 86%…

BBC News | Nov 09. India scraps 500 and 1,000 rupee bank notes overnight. Indian Prime Minister Narendra Modi has announced that the 500 ($7.60) and 1,000 rupee banknotes will be withdrawn from the financial system overnight.   The surprise move, announced on Tuesday evening, is part of a crackdown on corruption and illegal cash…