World Information

  FMCG SECTOR GROWTH   Fast-moving consumer goods (FMCG) sector is India’s fourth largest sector with household and personal care accounting for 50% of FMCG sales in India. Growing awareness, easier access and changing lifestyles have been the key growth drivers for the sector. The urban segment (accounts for a revenue share of around 55%) is the largest contributor to the overall revenue generated by the FMCG sector in India. However, in the last few years, the FMCG market has grown at a faster pace in rural India compared to urban India. Semi-urban and rural segments are growing at a rapid pace and FMCG products account for 50% of the total rural spending.     The retail market i

  Software Industry and Exports   India's export of software services stood at US$ 128.6 billion during 2019-20, registering 9.1% growth over the previous year. Exports of computer services and ITES/BPO services contributed 66.6 per cent and 33.4%, respectively, of the total software services exports. The IT & Electronics industry is one of the fastest-growing industries in India, both in terms of production and export. In fact, software development and IT-enabled services have made India’s brand equity a force to reckon with.   Information Technology and Business process management (IT-BPM) industry revenue grew 7% y-o-y to reach US$ 191 billion i