Beer sales in India are expected to see an annual growth of 7.5 percent over the next five years despite regulatory hurdles, as rising disposable incomes in the hands of middle class will lead to higher spending, says a report.
The GST rollout - which is expected in April 2017 - will help Greenlam Industries see higher volumes and margins.
As per the report, the positive real rates have helped bring down the current account and are positively affecting the mix of household saving towards financial saving. Besides, rising public investments, specially in infrastructure, are among the factors favouring earnings growth.
Chinese leaders are meeting in Beijing to decide on an economic growth target for the next five years. An official document is expected to be published later on Thursday.
Annual growth in the euro zone is running at only around 1.2 percent, although there is a large gap between countries.
Doing the math at the high end of Fink's projections, the Dow Jones industrial average would be at more than 28,000 in 2019.
The number of employees at India's major ports has declined at a compounded annual growth rate of about 5 per cent between 2001-2010, industry body ASSOCHAM said today.
Indirect tax collection grew at a moderate rate of 16.8 per cent to Rs 2.92 lakh crore in the April-November period as against the annual growth target of 27 per cent.
Real estate major DLF said it expects 20 per cent annual growth in office rental income that would touch Rs 2,500 crore by 2014-15 fiscal with likely appreciation in rent value and new leasing.
India's infrastructure sector output grew 1.8% in July from a year earlier, slower than an upwardly revised annual growth of 3.9% in the previous month, government data showed on Friday