India’s household savings have slipped to a new low for the third consecutive year, falling to 18.1% of GDP in FY24, according to a report by CareEdge Ratings.On the other hand, household debt rose to 6.2% of GDP, almost twice as much as ten years ago, showing that more Indians are borrowing to meet their…
It’s official—President Trump has signed a sweeping tariff order, impacting the United States’ top three trading partners: Canada, China, and Mexico. While this may seem like just another political move, the implications go far beyond trade. Tariffs influence the cost of everyday essentials, meaning American consumers could soon be paying more for groceries, fuel, and…
NEW DELHI: Businesses in India’s household durables segment are expected to see some moderation in revenue growth in the just-concluded October-December quarter, asserted HSBC Global Research in a thematic report ahead of the impending earning updates.The global financial services group attributed continued unexciting consumer demand environment to climatic conditions — extended monsoon season and delayed…
NEW DELHI: The cost of commercial LPG and aviation fuel prices surged on Sunday following the monthly revision aimed at aligning with trends in international oil prices. State-owned oil firms raised commercial LPG rates, used in hotels and restaurants by Rs 16.5 per to Rs 1818.50 per 19 kg cylinder.Aviation turbine fuel (ATF) prices in…