India s Gross Domestic Product (GDP) is expected to moderate sequentially to 6.0% YoY in Q3 FY2024, according to credit rating agency ICRA. The moderation is attributed to the industrial and agricultural sectors, with a slowdown in government expenditure and an uneven monsoon impacting GDP growth. The contraction of 0.2% in total spending by the Indian Government and 25 states in the previous quarter may have dulled GDP growth.
The Indian hotel industry is expected to grow 7-9% with high occupancy in FY2025. Demand from domestic leisure travel, MICE, weddings, business travel, spiritual tourism, tier-II cities, and domestic tourism will drive growth. FTA recovery depends on the global macroeconomic environment and consumer sentiments.
The hospitality industry is poised for robust growth in fiscal year 2025, with occupancy rates expected to reach highs not seen in a decade. Average room rates are also projected to approach peak levels from fiscal year 2008. Factors driving this growth include strong demand for leisure travel, brand preferences, corporate MICE demand, and religious tourism. The outlook remains positive in the medium term, supported by infrastructure development, India s economic progress, and evolving consumer preferences favoring experiential travel.
Green energy producers, including Torrent Power, Sembcorp, JSW Neo Energy, and Actis, are in talks to acquire Stride Climate Investments. Macquarie Group is also selling Vibrant Energy. India s renewable energy capacity is expected to increase to 170 GW by March 2025.
Only 4% of exec directors at Nifty 50 are women, and across NSE-listed cos that figure drops to 3%; enabling policies needed to empower them. There is a persistent and high level of unconscious bias as well. Allyship is key. “Boys clubs still operate that many times do not give women the right kind of projects (that can advance them in their career) thus demotivating many women who see their juniors becoming senior and moving ahead,” said Girotra.