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India poised to be one of most powerful growth engines in 20 years: EY

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India poised to be one of most powerful growth engines in 20 years: EY



India is well-placed to turn one of the most powerful growth engines over the next two decades, driven by fast digitalisation, information technology services, strong entrepreneurship and favourable demographics, according to a recent EY report.

India’s digital public infrastructure is a key force multiplier for this. Widespread adoption of digital platforms has significantly reduced the cost of doing business, improved efficiency and transparency, and accelerated the formalisation of the economy.

The country has a unique opportunity to become the ‘office of the world’ for global corporations, the report notes.

India is well-placed to turn one of the most powerful growth engines over the next two decades, driven by fast digitalisation, information technology services, strong entrepreneurship and favourable demographics, according to a recent EY report.
India’s digital public infrastructure is a key force multiplier for this, deepening financial inclusion and unlocking new business opportunities across sectors.

What began as a cost-arbitrage model has evolved into a high-value proposition, with India increasingly providing advanced digital engineering, consulting, product development and innovation-led services to multinational companies, it notes.

The digital infrastructure has also deepened financial inclusion and unlocked new business opportunities across sectors, giving India a distinct competitive advantage among large economies, it says.

The report projects a six-fold increase in per capita income by 2047 for a population of more than 1.7 billion, and that is expected to unleash an unprecedented consumer boom.

A young, expanding workforce combined with rising incomes is likely to make India one of the fastest-growing consumer markets globally.

Making domestic manufacturing globally competitive is seen as a strategic priority on the supply side.

Success in complex, high-value and emerging sectors would position India as a manufacturing hub serving both domestic and international markets, strengthening its role in global value chains.

The report sets a target of reducing logistics costs from the current 14-18 per cent of gross domestic product (GDP) to the global best practice level of around 8 per cent by 2030, which would significantly enhance competitiveness and productivity.

Fibre2Fashion News Desk (DS)



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Germany’s employment steady at 46 mn in November 2025

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Germany’s employment steady at 46 mn in November 2025



Employment levels in Germany remained broadly stable in November 2025, with around 46 million people in work, according to provisional figures from the Federal Statistical Office (Destatis). On a seasonally adjusted basis, employment was virtually unchanged from October, edging down by just 1,000 people, following a modest increase of 3,000 the previous month.

Without seasonal adjustment, the number of persons in employment rose slightly by 7,000 month- on-month. This increase was weaker than the average rise typically recorded in November between 2022 and 2024, signalling softer labour market momentum towards the end of the year, Destatis said in a press release.

On a year-on-year (YoY) basis, employment in November 2025 was 51,000 lower than in November 2024, representing a decline of 0.1 per cent. This continued the mild downward trend observed since July, with similar annual declines recorded between August and October.

Germany’s employment held steady at around 46 million people in November 2025, with seasonally adjusted figures virtually unchanged MoM, according to Destatis.
Employment was 0.1 per cent lower year on year, extending a mild downward trend.
Unemployment rose to 1.64 million, up 11.6 per cent from a year earlier, while the adjusted jobless rate remained stable at 3.8 per cent.

Unemployment, however, showed a clearer increase. The labour force survey indicated that 1.64 million people were unemployed in November, up by 171,000, or 11.6 per cent, compared with a year earlier. The unemployment rate rose to 3.7 per cent, up 0.4 percentage points YoY.

After adjusting for seasonal and irregular effects, unemployment stood at 1.67 million, an increase of 7,000 from October. The adjusted unemployment rate remained unchanged at 3.8 per cent, suggesting limited short-term movement despite rising annual pressures.

Fibre2Fashion News Desk (SG)



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Cotton yarn prices up in north India on rising fibre rates

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Cotton yarn prices up in north India on rising fibre rates












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Next sales and marketing chief Shields to retire, Barnes steps up

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Next sales and marketing chief Shields to retire, Barnes steps up


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January 9, 2026

Next said Friday that Jane Shields, its group sales, marketing and HR director, is planning to retire from the company in May.

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She’ll step down from the board on 21 May with the company saying she retires “after 40 years of outstanding service”. She actually joined as a sales assistant way back in 1985, was promoted to sales director 14 years later, then group sales & marketing director in 2010. She joined the board three years after that.

So who’s taking her role? Matt Barnes will be promoted to the role of group sales and marketing director and “will take on most of Jane’s operational remit”. That means e-commerce, brand marketing, retail stores and online customer services.

Barnes is another company veteran who joined in 1999. He’s currently online customer service director and won’t be joining the board “at this stage”.

Meanwhile the company also announced some non-exec director board changes with Jonathan Bewes, senior independent director and chairman of the Audit Committee, set to retire from the board on 21 May after a nine-year tenure.

Annette Court and digital specialist Jeni Mundy will be appointed as independent non-executive directors with effect from 1 March and 1 April, respectively. Court will be appointed as senior independent director from 21 May. Soumen Das is also being appointed Audit Committee chair at the same time.

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