Consumption Slowdown News Today

Wedding Dates: As per industry estimates, sales of categories like ethnic wear and wedding wear, gold jewellery and electronic household appliances have declined by 10-20% in FY24 till February as compared to the same period in FY23. However, luxury and premium products bucked the trend of sales decline mirroring the overall trend in consumption, chief executives said.

Sandip Sabharwal acknowledges the reality of the consumption slowdown and believes that it will likely bottom out when inflation stabilizes and a pickup occurs. However, he cautions that next year may not be as good as expected, citing disappointing results from largecap technology companies, insurance companies, HDFC Bank, and IndusInd Bank. When asked about buying HDFC Bank, Sabharwal advises caution for those already heavily invested in the stock and suggests considering other stocks.

Despite the robust consumption growth in Phoenix Mills, its like-to-like business witnessed flat growth in YoY basis leading resulting the sharp fall in the stock, , stock market, nifty, sensex, phoenix mills, national stock exchange, retail investors, Intraday, consumption slowdown

Sridhar Sivaram believes that the Indian market is overenthusiastic, and is underperforming as compared to other emerging markets. He highlights the impact of future US rate hikes on Indias long-standing low interest rate environment.

As per a new report from ratings agency NielsenIQ, consumers continued to prefer buying smaller packets amid companies increasing prices in response to inflationary pressures.

Ind-Ra lowers FY22 GDP growth forecast to 9.6 pc due to Covid 2.0 ANI | Updated: Jun 26, 2021 12:08 IST Mumbai (Maharashtra) [India], June 26 (ANI): India Ratings and Research (Ind-Ra) has said its earlier estimate of gross domestic product (GDP) growth at 10.1 per cent for the current financial year (FY22) is unlikely to hold due to the speed and scale of Covid 2.0. It now expects GDP growth to come in at 9.6 per cent in FY22. This is however contingent up...