Company defaults on bonds are at a record, output of coal, cement and other heavy industries are contracting, manufacturing is shrinking and trade has plunged.
The brand’s widest ever portfolio is also helping it target users looking to upgrade at various price tiers within the all-important premium market.
Imports too declined by 13.85 per cent to USD 36.89 billion in September, narrowing the trade deficit to a seven-month low of USD 10.86 billion, according to the government data released on Friday.
Volume growth of consumer goods firms in the second quarter to be in low single digits, says Edelweiss Securities.
The IMF chief urged the use of monetary policy wisely to improve financial stability.
The comments from the ruling party's Upper House member come at a time when growth has slipped to a six-year low and the government is trying various unconventional measures.
India's gross domestic product (GDP) growth slowed for the fifth consecutive quarter in April-June 2019 to 5 per cent, the lowest in six years.
Firms such as Britannia, Nestle and PepsiCo may turn aggressive with their expansion plans post corporate tax cut
Speaking at the launch of the company’s latest offering, V17 Pro, Marya said Vivo is poised to grow faster than the industry, notwithstanding the slowdown, driven by budgeted smartphones.
Analysts say the surprise move is sure to boost the dangling bottom line of companies struggling with a slump in demand, but it may not turn around the business cycle.
Confidence of investors shaken but Modi government refuses to acknowledge truth: Priyanka on economy
The Congress leader has been relentlessly attacking the government over the issue of economy in the last few days and demanding answers from the government over the economic slowdown.
It is unlikely that even high crude oil prices would push up retail inflation high enough for RBI to put hold on expected interest rate cuts since the price rise effect is expected to be short term.
The blueprint for the stimulus is ready that would be announced by Finance Minister Nirmala Sitharaman in the next few days, the official said without giving further details.
Expressing concern over the first quarter GDP, RBI Governor said that the numbers looked much worse because RBI had projected 5.8 per cent.
Swamy, however, is hopeful that India will come out successful, as it has in all crises in the past 72 years.