Engineering goods, petroleum products key drivers of Indian exports

According to a recent report by credit rating agency CARE, engineering goods, gems and jewellery and petroleum products have been the major commodities class helping in maintaining a positive growth trajectory in exports between 2015-19. The average annual growth rate between 2015 to 2019 had stood at 4.9 percent. “Engineering goods and gems & jewellery are the two main exports accounting for 35.5 per cent of total in 2019. But there is a contrast in their shares. Engineering goods share has been fairly stable in the 22-24 per cent range while…

Read More

Muted demand for commercial vehicles in 2020

In a recent report on the automobile industry, noted credit rating agency ICRA has maintained a Negative year-end outlook for the commercial vehicle (CV) segment over the near term, given the slowing economic growth, current overcapacity in the CV space and tight financing environment.  “ The M&HCV (Truck) segment has been significantly impacted over the past year, with volumes contracting by a sharp 41% in YTD FY2020. Excess capacity created in the system post revision of axle load norms in July 2018, coupled with slowdown in the economy and infrastructure…

Read More

AIRPORTS OF THE FUTURE

SITA, the leading IT provider for the air transport industry, has unveiled 10 bold predictions about the technology shaping how passengers will move through the airport of the future, based on unique insights, driving industry forces and emerging technologies. The major projections include:  Security will be integrated into a frictionless journey No more taking off your coat, shoes, and belt, or putting little bottles into little bags. And no more queues. Passengers and their bags will be recognized automatically as they go through automated checkpoints. Hard checkpoints will be replaced by…

Read More

FMCG e-commerce projected to become $4 billion business by 2022

Nielsen India expects the fast-moving consumer goods sales coming from the E-Commerce channel to grow to $4 billion by 2022. The channel contributes 2% to the current FMCG market. These are insights from Nielsen’s recently launched E-Trak Index – a measurement solution that tracks the FMCG E-Comm industry. India’s first such solution is created using aggregated ePOS (electronic point of sale) data from cooperating E-commerce players and data science backed estimation for non-cooperating E-commerce players in India. The index adds a crucial element to the Retail Measurement Services that Nielsen provides…

Read More

India only bright spot in DHL Global Trade Barometer

The DHL Global Trade Barometer (GTB) indicates a further contraction in world trade for the next three months. The overall trade outlook is reduced by -2 points, to a new index value of 45. That means that global trade continues to lose momentum, albeit mildly. Against the previous updates, the downward tendency is largely moderate and steady, neither indicating an acceleration of the decline nor a bottoming out. Except India, all surveyed countries are affected by the deceleration and record indexes below the 50-points-threshold of no growth. The overall decline…

Read More

Positive outlook for private funding in logistics, warehousing

“Logistics, warehousing and retail will continue to witness considerable growth on the back of recently-eased policy norms for the retail sector, aimed at boosting growth and attracting more investments,” says a report recently released by real estate consultancy firm Anarock. The report highlights key trends in private investments in different verticals of the real estate business including commercial comprising warehousing. According to the report, Indian real estate attracted nearly USD 14 bn of foreign private equity (PE) between 2015 and Q3 2019 with 63% (approx. USD 8.8 bn) of the total foreign investments…

Read More

Intelligent Connectivity to boost GDP Growth

As AI-infused Intelligent Connectivity begins to have a meaningful impact on the digital economy and sparks a tipping point for digital transformation, a key finding of Huawei’s GCI 2019 is that countries with GCI scores over 65 that have made continuous investment in Intelligent Connectivity can expect it to boost GDP by more than 1%. At the same time, success in the era of intelligence depends on the ability to collaborate on a global scale. Now in its sixth year, GCI 2019 highlights AI’s role as one of four key…

Read More

India Inc lacks a formal approach to Artificial Intelligence risk evaluation

A recently released report by PwC maintains that while Artificial Intelligence (AI) has the potential to solve complex problems and help in building scale for the enterprises, “badly designed AI can cause more harm than good.” The report titled ‘With AI’s great power comes great responsibility’, highlights the importance of having a roadmap for enterprises to embark on an AI journey responsibly. The report is based on a comprehensive study conducted with over 1,000 CXOs and business decision makers from India and other regions, between May and September 2019. The intent…

Read More

Factors affecting domestic CV industry

According to a recent note by credit rating agency ICRA, “ the Indian commercial vehicles industry has been facing a slowdown in demand and declining sales over the past two-three quarters primarily due to the economic slowdown and surplus capacity that it is saddled with.” GST implementation, E-way bill implementation, upward revision in axle norms and declining viability of small fleet operators have also been pointed as the factors impacting domestic CV industry. Shamsher Dewan, Vice President & Sector Head – Corporate Ratings, ICRA, said, “As per our estimates, there has…

Read More

Decline in coal import likely to impact port performance

According to a recent note from credit rating agency ICRA, modest decline in coal import during the first five months of the current fiscal has resulted in marginal throughput growth at the major ports. “ Major ports have reported only a tepid 1.9% cargo growth in the first five months of FY2020 from 289 MT to 294 MT. Healthy volume growth in container, crude and iron ore segments was offset by the decline in coal and some other bulk cargo volumes. As per ICRA note, the volume growth at major…

Read More