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India Business News: Benefitting from a steady urban demand, Nestle India reported a rise in quarterly profit of nearly 16%. Nestle India outperformed its large-cap rivals ....
Ahead of the presentation of the 2024-25 interim Budget, Moneycontrol takes a quick look at the state of the Indian economy. Here, we examine the outlook for consumption and whether rural and urban regions are faring differently. ....
The outlook is bullish for overall festive demand and a significant recovery in rural consumption, encouraged by easing inflation and hopes of doles ahead of the elections ....
Rural growth, which was lagging after the pandemic, has outpaced urban demand and this trend is likely to continue over the next six months led by a good monsoon, Pidilite Industries Managing Director Bharat Puri said. Moreover, as the inflationary pressure cools down after two years of volatility, Puri said now he sees stability in input prices, which is providing him with a lot more elbow room to invest back into the marketplace. ....