CAGR

January 13, 2025 6:58 PM

India set to redefine global trade at 6.4% CAGR over next decade: Report

India is poised to redefine its role in global trade, with a projected compound annual growth rate (CAGR) of 6.4 per cent in trade over the next decade, roughly in line with its high GDP growth, according to a report on Monday. The ASEAN region and especially India, are among the greatest beneficiaries of production shifts spurred by geopolitics, such as trade tensions between the US and China. "We project 6.4 per cent CAGR in India’s total trade through 2033, to $1.8 trillion annually, roug...

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...