Union Budget 2021: Manufacturing sector expects tax reforms, support for expansion of distribution, supply chain As India moves ahead on its growth trajectory, with partial recovery from COVID-19, a strong impetus in manufacturing through the Union Budget 2021 is crucial FP Staff January 31, 2021 20:48:22 IST Representational image.
In its December
State of the Economy report, the Reserve Bank of India (RBI) revealed that the nation is emerging from the economic slump much faster than anticipated. As India moves ahead on its growth trajectory, with partial recovery from COVID-19 , a strong impetus in manufacturing through the Union Budget-2021 is crucial, say major players in the sector.
White goods industry hopes 2021 mirrors the second half of 2020 in growth trends
December 29, 2020
The need for convenience was so compelling that consumers not only upgraded their refrigerators, washing machines and LED TVs but also lapped up vacuum cleaners and dishwashers
The need for convenience was so compelling that consumers not only upgraded their refrigerators, washing machines and LED TVs but also lapped up vacuum cleaners and dishwashers× After a roller-coaster of a year, the consumer durables industry is hoping for sizzling sales in the upcoming summer season. It is also pinning its hopes that strong demand trends witnessed in the second half of 2020 will sustain in 2021, amid escalating raw material and freight costs.
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New Year New Hopes as companies seek silver lining in 2021
India
Published: Tuesday, December 22, 2020, 17:17 [IST]
New Delhi, Dec 22: The appliances and consumer electronics industry, which lost around 25 per cent of annual sales in the COVID-19-hit 2020, expects to regain the lost ground next year through a special focus on digital initiatives, emerging trends, change in consumer behaviour as well as the impetus to ramp up domestic manufacturing activities.
From WFH to DIY, 2020 has been unique with many challenges and possibilities for the industry. Leading brands witnessed rapid increase in digital consumption, changes in demands where more consumers are seeking value propositions with a comfortable, convenient, and connected experience to support a changed lifestyle amid the coronavirus pandemic.
Appliances, consumer electronics companies seek silver lining in 2021; pin hopes on new launches
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Last Updated: Dec 17, 2020, 01:02 PM IST
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Synopsis
Leading brands witnessed rapid increase in digital consumption, changes in demands where more consumers are seeking value propositions with a comfortable, convenient, and connected experience to support a changed lifestyle amid the coronavirus pandemic.
New Delhi: The appliances and consumer electronics industry, which lost around 25 per cent of annual sales in the COVID-19-hit 2020, expects to regain the lost ground next year through a special focus on digital initiatives, emerging trends, change in consumer behaviour as well as the impetus to ramp up domestic manufacturing activities.