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- 🏭 Slower But Steady: India’s Economic Outlook for FY25 – Jan 8
🏭 Slower But Steady: India’s Economic Outlook for FY25 – Jan 8
Masala Chai
January 08, 2025
☀️ Good Morning, January 8, 2025
It’s midweek, and we’re here to brew your perfect cup of business, tech, markets, and culture updates. Grab your chai and let’s get started! 🫖✨
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🏭 India’s Economy Slows Down: The Indian economy is projected to grow at 6.4% in FY25, its slowest pace in four years, with manufacturing taking the sharpest hit.
🏨 Hotel Room Rates Set to Hit New Highs: Demand for premium hotels is outpacing supply, pushing average room rates to ₹7,800-8,000 in FY25 and ₹8,000-8,400 in FY26. Occupancy rates are set to hit record highs of 74%. Mumbai and NCR lead the supply pipeline but remain constrained by land availability.
🎨 Berger Paints Eyes Akzo Nobel Stake: Berger Paints is reportedly considering a ₹10,000-12,000 crore deal to acquire Akzo Nobel’s 74.6% India stake. JSW Paints and Indigo Paints are also in the race.
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