CAGR

November 24, 2024 1:23 PM

Mobile broadband market in Asia-Pacific to reach $296 billion by 2029

Driven by 5G service expansions, mobile broadband services revenue in the Asia-Pacific region is expected to grow at a compound annual growth rate (CAGR) of 5.2% from $229.6 billion in 2024 to $296.2 billion by 2029, according to a new report. This growth will primarily be driven by the increasing availability and adoption of 5G services across several countries, according to GlobalData, a leading data and analytics company. The unique mobile user penetration in the Asia-Pacific population is ...

October 10, 2024 12:25 PM

Monthly income of rural households increased by 57.6% in five years: NABARD survey

A recent survey conducted by the National Bank for Agriculture and Rural Development (NABARD) reveals that the average monthly income of rural households rose by 57.6% over a five-year period. The second 'All India Rural Financial Inclusion Survey (NAFIS) 2021-22 found that the average monthly income grew by 57.6%, from Rs 8,059 in 2016-17 to Rs 12,698 in 2021-22. "Average monthly income of households increased by 57.6% during the five-year period from Rs 8,059 in 2016-17 to Rs 12,698 in 2021-...

August 7, 2024 4:10 PM

India’s lifestyle market to hit USD 210 billion by 2028 with 22% online penetration

The Indian lifestyle market is projected to grow at a compound annual growth rate (CAGR) of 10-12% over the next five years, reaching USD 210 billion by 2028, according to a joint report by Bain & Company and Myntra. The organized segment will play a crucial role in this growth, with the fashion sector accounting for nearly 80% of the market, while beauty and personal care (BPC) will also experience a 10-12% CAGR. The report anticipates that India's e-lifestyle market will expand from U...

September 16, 2024 6:12 PM

India’s coal production surges, import dependency declines

India, home to the world's fifth-largest coal reserves, has seen a significant boost in domestic coal production over the past decade, reducing its reliance on imports despite being the second-largest consumer of coal globally. Recent data reveals a marked improvement in India's coal production growth rate. From fiscal year 2004-05 to 2013-14, the compound annual growth rate (CAGR) of coal production was 4.44%. However, this figure rose to approximately 5.63% between fiscal years 2014-15 and 20...