The July-September growth is way above the 7.2% growth forecast by 15 economists in a Mint poll. This is also significantly higher than the latest projection of 7% for the quarter by the Reserve Bank of India.
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The Indian cement sector continues to grapple with muted price trends amid tepid demand. Following a goods and services tax (GST) rate cut in late September, the benefit was passed on to consumers, with the GST on cement reduced from 28% to 18%. As a result, prices eased in October, with weakness persisting through November. Cement demand in certain markets during Q3FY26 has been affected by a mix of factors, including elections in Bihar and the Vidarbha region, labour shortages, and construction slowdowns in Delhi due to pollution.
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RBI has held rates since August, after a cumulative 100 bps of cuts in the first half of the year. A sharp fall in food prices and GST rate cuts have driven consumer inflation to a record low of 0.25% in October, giving the central bank room to support weak consumption.
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Tata Sierra launch expected to lift Tata’s SUV market share from 16.9% to 20% - 25%. Tata Motors Passenger Vehicles targets double-digit growth in FY26, backed by strong post-GST demand momentum, and plans to extend Sierra lineup with EV/AWD variants.
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The Centre is set to give Indian tractor makers major relief by delaying the rollout of the next phase of emission rules—the Tractor and Machinery Emission Standards V (TREM V)—for tractors below 50 horsepower (HP), two officials told Mint.
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Auto component makers are licking their lips at the ascent of hybrids, spying a new growth engine at a time when electric vehicle (EV) sales have not measured up. Hybrid sales are rising overseas, Indian automakers are preparing a range of hybrid launches, and there is growing pressure to tax hybrids on par with electrics—all promising tailwinds for the segment.
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Bengaluru: Apparel retailers are banking on a stronger winter season as an on-time, sharper dip in temperatures revives demand for sweaters and jackets after last year’s unusually warm spell left them with excess stock and heavy discounting.
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Inverted duties refer to situations where raw materials are taxed more than the final product, skewing prices, straining working capital, and pulling businesses into protracted refund battles.
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Source: https://www.livemint.com/economy/rbi-state-of-economy-report-india-growth-11763994759167.html
India's economy shows resilience with robust growth in manufacturing and services, supported by GST reforms, according to the Reserve Bank of India's report. However, global market volatility and elevated equity valuations raise concerns for financial stability.
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The Centre is set to give Indian tractor makers major relief by delaying the rollout of the next phase of emission rules—the Tractor and Machinery Emission Standards V (TREM V)—for tractors below 50 horsepower (HP), two officials told Mint.
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