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As an increasing number of women emerge as business leaders in the MENA region, there is evident proof of women becoming more astute and actively engaged in decisions related to their financial well-being.
Soaring operational costs, alongside the rise in e-commerce sales, are expected to play a key role in the closure of thousands of retail stores in the country within the next five years.
As the pandemic recedes, art trading is rebounding strongly, so too are the prices wealthy collectors are willing to pay.
Indian households saved $200 bn extra amid COVD-19 lockdown: UBS report The slowdown in spending by Indian households through the lockdowns has resulted in $200 billion extra net savings in financial assets BusinessToday.In | January 21, 2021 | Updated 21:28 IST The overall quantum of savings has been rising since 2019 and surged in 2020 Indian households curtailed spending due to the uncertainty caused by the COVID-19 pandemic and subsequent lockdown, which led to an additional savings of USD 200 billion, a report by UBS has said. The increase in savings was visible across economic strata,...
Synopsis “The slowdown in spending by Indian households (HH) through the lockdowns has resulted in US$200bn 'extra' net savings in financial assets-and as a percentage of GDP closet of the peak seen post-GFC (and still growing),” UBS financial savings and wealth tracker research data showed. Agencies The jump in savings was not just visible for the “rich” but it was visible across the different economic strata, the report said. Mumbai: While Covid pandemic and the lockdowns that came with it disrupted a lot of lives and even business, it may just have a silver lining. Indians ended up...