India's GDP is projected to grow between 6.5% and 6.8% in 2024-25 with potential growth of 6.7% to 7.3% the following year. Economic challenges are noted, including sluggish global trade and investment. Positive aspects include strong rural consumption, thriving services sector, and resilient capital markets, despite geopolitical tensions.
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Mercedes-Benz launches one of India's most-expensive electric cars, the G-Class G580 EV priced at Rs 3 crore. All 85 allocated units are sold out. The company leads in luxury car sales and sees a growing demand in the top-end vehicle segment, with a focus on expanding its EV portfolio and sales network across India.
Hero Moto projects that electric vehicles will account for 50% of the scooter market by 2030. The company plans to invest Rs 1,000 crore in EVs this year and will launch new electric models. Despite current leadership volatility, Hero views the EV segment as a long-term play.
Vishal Mega Mart Ltd. launched its IPO, raising $944 million and valuing the company at $4 billion. The offering was oversubscribed 27 times, driven by strong investor demand. The company, which operates over 600 stores across India, focuses on value pricing and caters to middle- and lower-income consumers, primarily in smaller cities and towns.
Australian inflation has eased to a three-year low of 3.2%, raising expectations for a potential interest rate cut by the Reserve Bank of Australia (RBA). This could provide relief to mortgage holders and boost government support ahead of the upcoming election. Economists anticipate the RBA may lower rates to prevent job market downturn and economic recession.
DeepSeek's rapid rise on social media has sparked excitement and stock market reactions. However, Bernstein's report reveals that DeepSeek's claims about building an OpenAI equivalent for $5 million are misleading, as significant research and development costs were overlooked, despite the impressive achievements of its V3 and R1 models.
Budget 2025 income tax expectations: Financial experts suggest that Finance Minister Nirmala Sitharaman, in Budget 2025, should tweak NPS to boost retirement savings by increasing tax deduction ceilings and revising withdrawal options, making it more attractive for small savers and middle-income earners.
The Indian auto component industry is projected to see an 8-10 per cent revenue growth in financial year 2025-26, as per ICRA. This is down from a 14 per cent growth in 2023-24. Margins are expected to be stable, despite increased ocean freight rates affecting some exporters and importers.
2025 will see a significant push towards electric vehicles (EVs) in India, with major carmakers such as Maruti Suzuki, Hyundai, Mahindra, Tata Motors, and others planning launches. Despite concerns over infrastructure, EVs will span various price points, with SUVs being the primary focus.
The Indian government is closely monitoring the US reciprocal tariffs, which are expected to impact exports and demand. Trade experts anticipate higher duties on Indian goods, including agricultural products, to be a strategic move by the US in bilateral talks. India plans to push forward with trade negotiations to counter the tariff impacts.
Global passenger numbers are projected to reach 22.3 billion by 2053, nearly 2.4 times the volume for 2024, as per the Airports Council International's airport traffic forecasts. Key factors include rising middle-class travel demand in emerging markets, strengthened international travel, and investments in airport infrastructure.