Tag: ECONOMY

TURBULENT TIMES AHEAD FOR INDIAN AVIATION SECTOR: FINANCIAL HEADWINDS FOR INDIA’S AIRLINES INDUSTRY

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The airline industry has always struggled to take off. Just in India, over 12 airlines have been grounded in the last 20 years, and this is despite the fact that the Indian aviation market has seen a mammoth growth in this same period. The global trends have been no different. Through my first insight story, […]

World Bank Says India to Face Severe Economic Slowdown cuts; GDP Growth Forecast to 6%

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The World Bank has slashed India’s GDP growth forecast for the current fiscal to 6% from 7.5%. India’s economic slowdown is “severe,” largely due to external and cyclical factors, including a decline in consumption, the Washington-based institution said. Moreover, the financial sector is becoming a “drag” on growth. Earlier, the RBI and rating agency Moody’s […]

Govt soon to impose GST on Healthcare & Education will be a big blow to the Sector

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The finance ministry may impose 5% goods and services tax on certain items currently exempt and hike rates on some from 5% to 12%, Business Standard reports, citing government officials. For example, private health and education services, which are currently outside the GST ambit, could be taxed. The reason: September GST mop-up fell to a […]

Multibagger Stock Ideas: Kitex Garments to become No. 1 Global Player in Infant Wear Segment by 2025

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Kitex Garments Ltd is Established in the year 1992, is involved in 100 per cent export of cotton and organic cotton garments, majorly infant wear. The company has been exporting its products to the United States and European markets and is one of the giant suppliers to brands to Global apparel majors like Mothercare, Jockey, […]

Amid India’s Massive Economic Slowdown; Indian Consumer Spending on E-Commerce Sites has fallen by 25 Percent in First Half of 2019

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Consumer spending on e-commerce sites has fallen by a fifth in the first half of 2019, Economic Times reports, citing a Kantar report. Average spending is down 21% while average ticket size has dropped 27% over the previous year. The key categories of mobiles and fashion saw a 16-17% decline in buyer numbers. Companies are […]

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