Indian auto-component industry is dominated by demand from domestic OEMs, says ICRA

The industry is poised to benefit from several favourable factors

India’s share in global services increased from 2% in 2005 to 4.6% in 2023

The middle class continues to be the primary consumer of gold in India

Domestic demand, capacity and utilisation are rebounding for aviation, and this has had a positive impact on the hospitality sector. With the Budget allocation increased from ₹1,692 crore for FY24 to around ₹2,480 crore for FY25, the outlook for the travel and hospitality industry is encouraging. The number of rooms available has also increased along with high average daily rate (ADR), revenue per available room rate (RevPAR) and occupancy.

The market size of logistics grew at a CAGR of 11 per cent from FY19 till FY24 and it is projected to reach a market size of ₹35.3 trillion by FY29. While expenditure on logistics as a % of GDP is at a relatively higher 13 per cent, it is expected to drop to high-single-digits on improving connectivity and efficiencies through formalisation of the economy. The transportation segment contributes to most of the logistics market in India and within that, roadways dominate as of FY21. However, with the improvement in the rail infrastructure, Railways are expected to grow at a faster pace. This has been compiled from the RHP of Wester Carriers (India) Limited

Retail has stayed firm at around 48 per cent of private consumption expenditure which is on an increasing trend. Apparel and apparel accessories stand to be the fastest growing segment within retail. While the segment is largely unorganised, the penetration of organised players has been on the rise with a significant jump since FY23. Also, the e-retail segment has been growing at a fast pace with >30 per cent y-o-y growth in FY23 and FY24

Numerically specifying the targets is a precursor to the setting up of a ‘compliance’ carbon market. This means that companies have to ensure that their carbon emissions intensity is within the specified limit or they must ‘buy’ credits from organisations that have surplus credits.

Collaborations on four molecules, a fillip for research in the country

 After a memorable 2022, the industry suffered a slump in the first half of this year with only Daredevil Musthafa providing a consolation

‘The proposed regulations will legalise pseudo manufacturing, drive jobs out of India’

The 64-32 vote means advancing legislation which will help the U.S. semiconductor industry compete with China

National Bureau of Economic Research

National Bureau of Economic Research

Marketline

Marketline

IEEE / Institute of Electrical and Electronics Engineers Incorporated

US crude oil inventories rose by 1.64 million barrels for the week ended October 18. Market estimates had earlier pegged increase at 0.7 million barrels

Official data on crude oil inventory level in the US is expected later on Wednesday

Market eyes results of the US presidential election

USFDA cautions CROs; says such incidents “undermine the reputation of generic industry”

These challenges are pushing logistics firms to balance cost management, workforce, and technology investment to maintain competitiveness

About 80 cases of outsourcing certain MRO facilities are at various stages of approvals

Influential figures such as Kiran Mazumdar-Shaw and TV Mohandas Pai had voiced strong opposition to the draft bill, citing concerns about its potential impact on business activities and the overall investment climate

Trying to substitute the operation of market forces in an industry with micro-management of demand, supply and prices creates uncertainty for entrepreneurs