Oil consumption in India is expected to be 7-8 per cent this year, outpacing China's demand growth for the third consecutive year, as impact of demonetisation is likely to be short-lived, according to Platts.
Tag: Demonetisation
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Goyal wants regulators to work with policymakers
Union Power minister Piyush Goyal said the impact on growth due to demonetisation was “temporary” and assured that “buoyancy would return” to the Indian economy soon.
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India’s domestic air traffic up 22.3percent in Nov
India's domestic air passenger traffic grew by 22.3 per cent in November 2016, topping the growth chart worldwide for the 20th straight month while there was little sign of demonetisation having any immediate negative impact on passenger numbers, according to IATA.
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Office leasing hits all-time high at 43 mn sq ft in 2016 | CBRE
Office space leasing rose by 9 per cent last year to touch record 43 million sq ft on robust demand from corporates looking to expand their operations, according to property consultant CBRE.
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Housing market sales down 44percent in Oct-Dec 2016
The housing market came to a “complete standstill” during October-December 2016 on the adverse impact of demonetisation, as sales fell by 44 per cent in the eight top cities, the lowest figure reported since 2010.
This resulted in a Rs 22,600 crore revenue loss to the builders, according to Knight Frank.
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Cash Crunch
Still recovering from the ´zero toll´ period during the demonetisation rollout, many infra players are waiting for cash compensation from the government so that they can stay solvent.
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Dash for Cash
The Indian infrastructure story is at an interesting crossroad. On the one hand, being the world´s fastest growing major economy, India needs to create fresh capacity in its infrastructure to maintain the growth momentum.
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2017 | A riddle, wrapped in a mystery, inside an enigma
Every new year brings with it a new glimmer of hope, new growth opportunities for our economy, new possibilities of jobs, and positive expectations in the minds of everybody. But rarely does a new year bring with it so much suspense, so much enigma and therefore, so many imponderables, as it is doing in the year 2017.
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Weathering the cash disruption
There is never a dull moment in real estate. 2016 began promisingly in comparison to 2015; however, as things stand, the year isn´t expected to end on a healthy note. A major factor for this could be attributed to the policy developments by the government, which in the short term have led to an unpredictable disruption, but in the long run are projected to augur well for the industry as a whole.
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Infra pulls and pushes in 2017
On paper, India´s infrastructure industry is poised for a phenomenal growth in 2017 with several trillion dollars worth of roads, highways, rail, airport and Metro projects simultaneously launched by Prime Minister Narendra Modi, a week before 2016 saw its last setting sun.