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<keyword id="21333142" type="General" weightage="100" keywordseo="Indias-population" source="keywords">India's population</keyword> is projected to peak in the early 2060s at about <keyword id="22386427" type="General" weightage="20" keywordseo="1-7-billion" source="keywords">1.7 billion</keyword> and then decline by 12%, but the country will remain the world's most populous throughout the century, the <keyword id="19896118" type="General" weightage="20" keywordseo="United-Nations" source="keywords" meta.keywordsubtype="org" meta.entityname="United Nations" meta.hostid="153" meta.entityid="United Nations">United Nations</keyword> has said. The World Population Prospects 2024 report, released on Thursday, said that the world's population is expected to continue growing over the coming 50-60 years, reaching a peak of around 10.3 billion people in the mid-2080s, significantly up from 8.2 billion in 2024. After peaking, the global population is projected to start declining gradually, falling to 10.2 billion people by the end of the century. India, which surpassed <keyword id="19894886" type="General" weightage="20" keywordseo="China" source="keywords">China</keyword> as the world's most populous nation last year, will continue to hold that position through 2100. "The population of India, which is expected to remain the world's largest throughout the century, will likely decline by 12% after reaching its peak in the early 2060s at about 1.7 billion," the <keyword id="19898339" type="General" weightage="20" keywordseo="UN" source="keywords">UN</keyword> report published by the United Nations Department of Economic and Social Affairs (DESA), <keyword id="271075" type="General" weightage="20" keywordseo="population-division" source="Orion">Population Division</keyword> said. According to the report, India's population in 2024 is projected at 1.45 billion and this will peak to 1.69 billion in 2054. After this, India's population is projected to decline to 1.5 billion by the end of the century in 2100, but the country will still remain the most populous nation on Earth. Responding to a question by PTI on population projections for India, Senior Population Affairs Officer, Population Division, <keyword id="6355835" type="General" weightage="20" keywordseo="un" source="Orion">UN</keyword> DESA Clare Menozzi said at a press conference that "India is currently the largest country in the world in terms of population, and it is projected to stay so throughout the century. The population is currently estimated at 1.45 billion, and it's supposed to increase further to 1.69 billion. "It's supposed to peak around the 2060s in size and then it starts to slightly decline. So by the end of the century, India is projected to be around 1.5 billion, but will still the largest country in the world by a large margin." The report said that China's population, currently 1.41 billion in 2024, will fall to 1.21 billion in 2054 and further decline to 633 million by 2100. "It is anticipated that China, the country currently with the world's second-largest population, will likely experience the largest absolute population loss between 2024 and 2054 (204 million)," followed by <keyword id="6355311" type="General" weightage="20" keywordseo="Japan" source="Orion">Japan</keyword> (21 million) and <keyword id="6358826" type="General" weightage="20" keywordseo="Russia" source="Orion">Russia</keyword> (10 million). "Longer-range population projections are more uncertain" for China, it said. "However, due to its large size and sustained low level of fertility, China is also likely to record the largest population decline of any country through the end of the century (786 million people). By 2100, China is projected to have lost more than a half of its current population and to have returned to a population size comparable to that recorded in the late 1950s (50% probability)." Responding to a question on the significantly low population projection for China, Director of the Population Division at UN DESA John Wilmoth said that "it really relates to the level of fertility that's observed currently in China. The current number is right around one birth per woman on average over a lifetime." "Given that you need 2.1 births to maintain the current population without migration, if fertility levels remain at such a low level, even if they come up slightly, any fertility level if it's below two, or especially below 1.8 or below 1.5, you're really getting into low levels of fertility and it produces a long run decline that's quite significant. And that's true for China. It's true for some other countries in this analysis," Wilmoth said. Currently, nearly one-fifth of all countries and areas, including China, Italy, the Republic of Korea and Spain, are experiencing what is sometimes referred to as "ultra-low" fertility, with fewer than 1.4 live births per woman over a lifetime. The report added that the global fertility rate currently stands at 2.25 live births per woman, down from 3.31 births in 1990. "More than half of all countries and areas globally have fertility below the replacement level of 2.1 live births per woman. This is the level required for a population to maintain a constant size in the long run (without migration), with each generation being followed by another of roughly equal size," it said. Pakistan is projected to overtake the US as the third-largest country in the world, with a population of 389 million in 2054. Currently, the US is the third largest country in the world with a population of 345 million and in 2054, it will be the fourth largest with 384 million people. Pakistan will remain the third largest country in the world, with a population of 511 million people in 2100. The report said that the estimated likelihood that the world's population will peak within the current century is very high, with a probability of 80%, a major change in UN projections from a decade ago, when this probability was around 30%. The size of the world's population in 2100 is now expected to be 6%smaller - or about 700 million people fewer - than anticipated a decade ago. In about 126 countries and areas, the population is likely to continue growing through 2054, potentially reaching a peak later in the century or beyond 2100. This group includes several of the world's most populous countries: India, Indonesia, Nigeria, Pakistan and the United States of America. In 2023, the global number of deaths among children under age 5 fell below 5 million for the first time in recent history. However, 95% of such deaths took place in the 126 countries with populations that are still growing, including the Democratic Republic of the Congo, India, Nigeria and Pakistan. The report added that globally, life expectancy at birth reached 73.3 years in 2024, an increase of 8.4 years since 1995. Further reductions in mortality are projected to result in an average longevity of around 77.4 years globally in 2054. Since 2022, life expectancy has returned to levels observed before the emergence of the coronavirus disease in nearly all countries and areas. At the height of the COVID-19 pandemic during 2020 and 2021, global life expectancy at birth fell to 70.9 years, down from 72.6 in 2019. The report said that by 2080, persons aged 65 or older will outnumber children under 18. "By the late 2070s, the number of persons at ages 65 years and higher globally is projected to reach 2.2 billion, surpassing the number of children (under age 18). By the mid-2030s, it is projected that there will be 265 million persons aged 80 years or older, more than the number of infants (1 year of age or less)," it said.

India's population to peak in early 2060s to 1.7 billion before declining: UN

From uncrewed moon landings and lunar sample returns to human spaceflight, India’s expanding space program is set to strengthen its position in the global <keyword id="20114940" type="General" weightage="20" keywordseo="space-race" source="keywords">space race</keyword>. Under ISRO Chairman S. Somanath’s leadership, India’s space exploration vision includes high-stakes projects like Chandrayaan-4, Chandrayaan-5 and the human spaceflight mission Gaganyaan, positioning the nation as a significant player in space exploration. <h2>Chandrayaan-4: India’s first <keyword id="23227406" type="General" weightage="20" keywordseo="lunar-sample-return" source="keywords">lunar sample return</keyword> mission </h2>Chandrayaan-4, scheduled for 2028, is one of India’s most anticipated upcoming missions. This mission aims to collect approximately 3 kilograms (about 6.6 pounds) of lunar samples from a water-ice-rich area near the moon’s south pole. Water ice in the lunar south pole is a prized resource, as it holds the potential to support life support systems and rocket fuel production, making it essential for long-term lunar exploration. Though the United States and Russia completed similar missions decades ago, Somanath highlighted that achieving this feat today is still both complex and costly. India, however, is determined to carry out this mission efficiently, with a budget of 21 billion rupees (roughly $250 million USD). Chandrayaan-4’s mission plan is highly intricate, relying on five spacecraft modules that will require two launches from ISRO’s powerful LVM-3 rocket. This setup includes modules for the lander, sample-collecting vehicle, transfer module, and a reentry module parked in lunar orbit to safely deliver the collected samples back to Earth. To practise in-orbit docking — a critical component of this mission — ISRO is set to launch a $14 million docking experiment (SPADEX) later this year or in early 2025, marking an essential step toward ensuring the mission's success. <div type="Article" hostid="261" msid="111455720" title="ISRO&amp;#39;s Chandrayaan-3 moon mission continues to uncover lunar treasures at Shiv Shakti point" mstype="2" mssubtype="0"></div> <h2>A step beyond with Chandrayaan-5</h2>Following Chandrayaan-4, ISRO plans to launch Chandrayaan-5 in collaboration with the Japanese space agency, JAXA. The joint mission aims to leverage strengths of both space agencies, with ISRO developing the lander and JAXA providing the rover. Shortly after Chandrayaan-3’s Vikram lander and Pragyan rover had landed near the Moon’s South Pole, Japan’s Smart Lander had landed upside down near the lunar equator. While theC-3’s rover failed to awaken after the lunar night, JAXA’s rover did survive the lunar night and even snapped pictures of the lunar surface after that! This mission, also known as the Lunar Polar Exploration Project (LUPEX), will carry a 770-pound rover contributed by Japan, a significant upgrade from the 60-pound Pragyan rover deployed on Chandrayaan-3. Chandrayaan-5 will further strengthen India’s presence on the moon, targeting the resource-rich south pole, an area of growing international interest. The mission will come after Chandrayaan-4, but S Somnath has confirmed that the plan for the mission is ready already! <h2>Gaganyaan: India’s first human spaceflight </h2>Perhaps the most exciting of India’s upcoming space projects is Gaganyaan, a mission set to take India’s first astronauts to low Earth orbit by 2026. Originally scheduled for 2025, the timeline was extended to prioritise astronaut safety amid recent setbacks in the industry. Recognising the significance of this mission, the Indian government allocated an additional Rs 111 billion to Gaganyaan, bringing the program closer to launch. ISRO’s cautious approach includes a series of uncrewed test flights to evaluate critical systems. An uncrewed test flight, G1, is scheduled for December and will carry a humanoid robot named Vyomitra to test reentry, parachute deployment, and splashdown capabilities. Following G1, three more uncrewed missions will complete this rigorous testing phase. The mission’s crew, including Indian Air Force test pilot Shubhanshu Shukla, has been undergoing intensive training both in India and abroad, including a stint with Axiom Space at the International Space Station (ISS), where Shukla is training under former NASA astronaut Peggy Whitson. Meanwhile, ISRO’s ambitious roadmap also includes future goals to land astronauts on the moon by 2040 and potentially establish a moon base before 2050. With these projects, India is set to establish itself as a formidable force in space exploration. As Somanath expressed in a recent lecture in New Delhi, the next few years will be dedicated to designing, developing and executing these complex missions, marking a new chapter in India’s journey toward the stars. <div type="Article" hostid="261" msid="108891587" title="European Space Agency Director praises ISRO, calls India&amp;#39;s accomplishments in space &amp;quot;astonishing&amp;quot;" mstype="2" mssubtype="0"></div>

ISRO’s ambitious lineup of missions include Chandrayaan-4, Chandrayaan-5 and Gaganyaan — likely within the end of this decade!

<ul class="summary-list"><li>Japan landed a probe on the moon just days after a <a target="_blank" href="https://www.businessinsider.com/astrobotic-moon-lander-leaking-fuel-after-launch-threatening-mission-2024-1">US moon lander failed</a>.</li><li>Japan's SLIM probe <a target="_blank" href="https://www.businessinsider.com/moon-missions-why-astronauts-have-not-returned-2018-7">landed on the moon</a> upside-down, but it's still communicating and taking photos.</li></ul>Japan's <a target="_blank" href="https://www.businessinsider.com/watch-india-attempt-first-ever-moon-landing-2023-8">first moon landing</a> is full of surprises, now including coming back to life.The <a target="_blank" href="https://www.businessinsider.com/jaxas-slim-spacecraft-japan-first-moon-landing-attempt-2023-12">Smart Lander for Investigating Moon — aka the SLIM probe</a> — landed on the moon with astonishing accuracy on January 19.Even though one of its two main thrusters failed, causing the spacecraft to tumble as it descended, <a target="_blank" href="https://www.businessinsider.com/japan-successful-first-moon-landing-slim-spacecraft-mission-2024-1">SLIM still landed</a> within 180 feet of its target spot on the edge of the moon's Shioli crater.The touchdown was so precise that officials at the <a target="_blank" href="https://www.businessinsider.com/astronomer-animations-reveal-solar-system-physics-2021-10">Japan Aerospace Exploration Agency (JAXA)</a> have nicknamed the probe their "moon sniper."There was one big problem, though: The robot landed upside-down. That angled its solar panels away from the sun, <a target="_blank" href="https://www.businessinsider.com/nasa-insight-mars-lander-hibernating-so-batteries-dont-die-2021-4">preventing it from generating energy</a>. Within a few hours after its historic landing, the spacecraft dropped out of communications with Earth.But before that, it was able to deploy two tiny rovers, one of which snapped a photo of SLIM belly-up on <a target="_blank" href="https://www.businessinsider.com/nasa-helping-private-companies-build-business-moon-make-lunar-billions-2023-6">the moon</a>.Miraculously, though, SLIM came back to life this weekend.<h2>JAXA's resurrection on the moon</h2><div type="image" title="a gold rover rests on the moon surface" height="244" width="430" msid="107244179" hostid="261" sizebytes="21536"></div>"Communication with SLIM was successfully established last night, and operations resumed!" the JAXA SLIM team posted on X, the platform formerly known as Twitter, on Sunday.<a target="_blank" href="https://www.reuters.com/technology/space/japans-slim-probe-regains-power-more-than-week-after-moon-landing-2024-01-29/">Reuters</a> reported that this was likely because the sunlight had changed direction.JAXA said it had "immediately" started science operations with SLIM, imaging rocks in the area.Perhaps JAXA's biggest goal for this mission was to test its precision-landing technologies, which will be needed as nations flock to the cratered south pole and <a target="_blank" href="https://www.businessinsider.com/former-nasa-scientist-video-shows-moon-has-no-dark-side-2019-11">far side of the moon</a>, where critical resources such as water could be mined."We demonstrated that we can land where we want," JAXA project manager Shinichiro Sakai told the <a target="_blank" href="https://apnews.com/article/japan-moon-lander-slim-probe-pinpoint-2908c74d9e3c4c8a5eabfb6b1625c617">Associated Press</a>. "We opened a door to a new era."So far this century, China, India, and now Japan have all landed on the moon. Both the US and Russia have <a target="_blank" href="https://www.businessinsider.com/nasa-moon-crater-could-be-russia-luna-25-crash-site-2023-9">tried and failed</a>.The US and the Soviet Union each <a target="_blank" href="https://www.businessinsider.com/why-moon-landings-on-lunar-south-pole-crashed-2023-8">landed on the moon</a> several times in the 20th century.Sakai added that he would give SLIM's pinpoint landing a "perfect score."

Japan's moon probe landed upside-down but somehow it still works

<ul class="summary-list"><li>The death of a 26-year-old EY employee has triggered a conversation about India's work culture.</li><li>The employee's family says that she was overworked — and that it reflects a wider problem.</li></ul>Fourteen-hour work days, meetings during vacations, and no overtime.To some, this may sound like a job from hell. But for many employees in India, it's just another working day.India has one of the toughest work cultures in the world. In 2022, according to the most recently available data from the <a target="_blank" href="https://ilostat.ilo.org/topics/working-time/#">International Labour Organization</a>, the average employee in India worked 46.7 hours a week, compared to about 38 in the US.Not only are employees in India working long hours, but many are also doing it under intense pressure."The pressure is very, very high," Jennifer Hephzibah, a senior HR professional in India, told Business Insider. "If you don't deliver it at a particular time, you either lose your bonus, or you lose your job. It doesn't matter what you're going through otherwise."A Boston Consulting Group <a target="_blank" class="" href="https://www.google.com/url?q=https://www.bcg.com/publications/2024/india-hr-revolution-building-workplaces-for-the-future&amp;sa=D&amp;source=docs&amp;ust=1727195342438866&amp;usg=AOvVaw366N6_QMHZIy6fbfnMv__Y">survey</a> of 11,000 workers in eight countries in October 2023 found that 58% of Indian respondents reported feeling burned out — the highest share of any of the countries, including the US (50%), the UK (47%), and Japan (37%).<h2 id="56dd16d5-8f41-4ab5-aad1-efb517f1a780">'Glorifying overwork'</h2>This always-on culture has come under the spotlight recently following the death of an EY employee, Anna Sebastian Perayil, in July.Peryail's father, Sebastian Perayil, told<a target="_blank" href="https://www.thenewsminute.com/news/what-action-will-ey-take-anna-sebastians-father-speaks-to-tnm"> The News Minute</a> that he believed his daughter died of a combination of health issues, including work stress and acid reflux which triggered a lack of sleep. The official cause of Perayil's death, however, remains unclear."Anna was unable to sleep on most days and couldn't eat on time," he told the publication. "After a whole night of work, she would have to wake up at 7:30 the next morning and repeat the same cycle."According to<a target="_blank" href="https://www.thehindu.com/news/national/maharashtra/mother-pens-letter-following-death-of-26-year-old-daughter-due-to-work-stress-urges-ey-chairman-to-reflect-on-toxic-work-culture/article68656957.ece"> The Hindu</a>, Perayil's mother emailed Rajiv Memani, the chairman at EY India, in the wake of Perayil's death, saying her daughter had collapsed four months into the job after struggling with "the workload, new environment, and long hours."She also accused EY of "glorifying overwork."EY told BI it was "taking the family's correspondence with utmost seriousness and humility" and called Perayil's death an "irreparable loss."<h2 id="0e580f7b-a1b5-40de-bcd5-4c5e1cd9f1da">A 70-hour workweek</h2>Concerns about India's workplace culture are not new.Last year, the software billionaire and Infosys founder Narayana Murthy sparked controversy after saying that young people in India should be willing to work 70 hours a week to help the country progress."India's work productivity is one of the lowest in the world," he told<a target="_blank" href="https://www.youtube.com/watch?v=ES8ZNSTswrs"> The Record</a>, going on to say that unless India improved several factors including its work productivity, "we will not be able to compete with those countries that have made tremendous progress.""So, therefore," he continued, "my request is that our youngsters must say: "'This is my country. I'd like to work 70 hours a week.'"The comments appear to reflect wider expectations in India, even among employers with head offices elsewhere.Kavach Khanna, a former EY analyst in India, told BI that he believed he was expected to do more work than his US colleagues."We used to talk to colleagues in the US in the same roles, and their experience was completely different from ours," Khanna said. "They would get to go for client meetings, leave the office on time, no stretched workdays, and they weren't overburdened like we were."EY did not immediately respond to a request for comment.<h2 id="c34411b0-4cf7-4ac6-b8b5-d828d78369df">Cost centers and cheap labor</h2>Huge multinational companies, such as EY, Google, Microsoft, Salesforce, and Accenture, have set up cost centers in India.These centers, also called Global Capability Centers (GCCs), manage everything from cyber security to product development. They can also manage human resources and accounting.They are cheaper to run in India due to lower labor costs, and they help companies tap into a wide and hungry pool of tech-savvy, English-speaking talent.An <a target="_blank" class="" href="https://assets.ey.com/content/dam/ey-sites/ey-com/en_in/topics/consulting/gcc/2023/06/ey-future-of-gccs-in-india-a-vision-2030.pdf">EY report in 2023 </a>projected that India is set to host at least 2,400 such centers by 2030, with a market value of more than $100 billion.An associate at the Indian office of a multinational banking and advisory firm told BI that even at his Western company, he believed Indian employees were expected to work longer and harder.He said 16- to 18-hour workdays — including some weekends — were normal in his job."A lot of multinational corporations use India as a cost center because of the cheap labor," said the associate, who wanted to remain anonymous for fear of retaliation. "Offices in other countries have boundaries and then dump their extra work on us."Jeanie Chang, an executive coach who specializes in workplace mental health, said she had noticed such a trend, too. "It definitely exists that multinational companies tend to think, 'We love that the Indians work hard, so let's keep doing that.'"Chang also noted that some Asian communities place a cultural importance on work ethic that can lend itself to exploitation."There's a word in Japanese and Korean," Chang said, "that literally means 'overworking yourself to death.' That should say something."<h2 id="799c5726-4028-4993-85d3-1175f4f96f4d">Fear of replacement</h2>So what is stopping employees from demanding change?Part of it might come down to competition. In 2022, <a target="_blank" class="" href="http://www.indiaenvironmentportal.org.in/files/file/India%20Employment%20Report%202024.pdf">according to the India Employment Report 2024</a>, India's youth made up nearly 83% of the country's total unemployed population. With <a target="_blank" href="https://www.thehindu.com/business/budget/68432023-Economic-Survey-2023-24-Complete-document">India's workforce</a> thought to number well over 500 million, each job counts.Hephzibah, the senior HR professional, said that the sheer number of available workers has contributed to a feeling that employees are expendable, and has held them back from saying no to unreasonable demands for fear of losing their jobs.Perayil's mother's email, for instance, said her daughter "did not know how to say no.""She was trying to prove herself in a new environment, and in doing so, she pushed herself beyond her limits," the email said,Hephzibah said this was especially true for younger workers, who may not have enough experience to become critical within the company yet."In the bigger companies," she said, "if you don't deliver, that's it: You're replaced."<h2 id="76d9e66d-7e50-4929-bb3f-86da08d669dd">Cultural differences</h2>Chang told BI that she's had Indian employees point out their lack of resources compared to international peers in the same company."They tell me, 'Jeanie, we don't have effective mental-health resources, but we hear the US does,'" she said.In a<a target="_blank" href="https://www.gallup.com/workplace/349484/state-of-the-global-workplace.aspx"> Gallup State of the Global Workplace report</a> published in 2024, only 14% of the roughly 2,262 Indian employees surveyed said they were thriving at their workplace, compared with 34% of the 128,278 employees surveyed globally.Hephzibah, who has worked in both Indian-owned and multinational companies, told BI that multiple colleagues had left or requested transfers outside India in recent years — mainly because of the work culture.She also found cultural differences when conducting training sessions for employees in India and the US.When implementing the Indian training schedule for one company's American employees, Hephzibah faced pushback on issues like late session timings."They said, 'We're not going to work after 6 and they could clearly call it out without feeling bad," Hephzibah said. "The problem in India is that people get scared to speak up because their jobs might be impacted."<h2 id="c1e23a63-b3a5-4dfe-9fda-a228d77f5f16">The way forward</h2>In Hephzibah's opinion, overtime and vacation policies need to be strictly enforceable in India."Outside, we're very careful to communicate that we care because they have legal backing to sue," she said. "Over here, that entire system is missing."She agreed with Chang that effecting systemic change would also be up to the leaders and middle management, and not just down to a country's laws."What is the leadership believing in? Is leadership overworking?" Chang said. "Because if they are, they're going to overwork their employees."

The death of a young EY employee is raising questions over India's 'always-on' work culture

<ul><li><keyword id="100743" type="General" weightage="50" keywordseo="suzuki-motor-corporation" source="Orion">Suzuki Motor Corporation</keyword> on Monday said it expects its automobile sales in <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> to be higher than the 5-7 per cent annual growth projected for the domestic market this fiscal.</li><li>In a statement, <keyword id="6911" type="General" weightage="100" keywordseo="suzuki" source="Orion">Suzuki</keyword> stated that it aims to recover its market share in India by introducing sports utility vehicles.</li><li>The Japanese automaker said its operating profit increased by 159.1 billion yen year on year (83.1 per cent) to 350.6 billion in FY 2022.</li></ul>Suzuki Motor Corporation on Monday said it expects its automobile sales in India to be higher than the 5-7 per cent annual growth projected for the domestic market this fiscal. The Japanese automaker, which has a 56.4 per cent stake in the country's leading carmaker <keyword id="6365618" type="DOMAIN" weightage="100" keywordseo="maruti-suzuki-india" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="maruti suzuki india" meta.entityname="Maruti Suzuki India Ltd." meta.entityid="11890" meta.seoname="maruti-suzuki-india-ltd">Maruti Suzuki India</keyword>, on Monday reported a consolidated 30.1 per cent year-on-year increase in net sales at 4,641.6 billion yen for FY 2022 (April 2022- March 2023). In a statement, Suzuki stated that it aims to recover its market share in India by introducing sports utility vehicles. It also noted that the automaker will focus on multiple technological pathways like CNG and hybrid cars and not solely depend on battery electric cars to contribute to carbon neutrality in the Indian market. "We want to contribute to carbon neutrality through a 'multi-path' that includes CNG vehicles, HEVs, etc., rather than focusing solely on BEVs," Suzuki Motor Corp said in a statement referring to the Indian market. The Japanese automaker said its operating profit increased by 159.1 billion yen year on year (83.1 per cent) to 350.6 billion in FY 2022. Suzuki stated that consolidated net sales and profits increased in the last year, mainly owing to the impact of the exchange rates and an increase in volume in markets like India, <keyword id="6355311" type="General" weightage="20" keywordseo="japan" source="Orion">Japan</keyword> and <keyword id="12925" type="General" weightage="50" keywordseo="africa" source="Orion">Africa</keyword>. On a consolidated basis, the profit attributable to owners of the parent increased by 60.8 billion yen (37.9 per cent) to 221.1 billion yen, the automaker stated. In the current fiscal year, the company expects net sales of 4.9 trillion yen, up 5.6 per cent from FY2022 mainly due to an increase in volume, Suzuki stated. Operating profit is expected to be 330 billion yen, down 5.9 per cent from FY2022, due to factors such as increased growth investment to realise the company's growth strategy, as well as the strong yen and increase in raw material prices, it added. For the 2022-23 fiscal, <keyword id="13435058" type="COMPANY" weightage="50" keywordseo="maruti-suzuki" source="Orion" meta.marketcap="280822.6861778" meta.tagname="Maruti Suzuki India Ltd" meta.tagpopularcount="0" meta.sectorid="505" meta.entitytype="company" meta.aum="0" meta.matchtype="exact" meta.entityid="11890" meta.tagseoname="maruti-suzuki-india-ltd" meta.sector="Auto" meta.tagnameorg="Maruti Suzuki India Ltd.">Maruti Suzuki</keyword> India posted a consolidated net profit of Rs 8,211 crore against Rs 3,879 crore in 2021-22. Net sales last fiscal year stood at Rs 1,17,571 crore against Rs 88,330 crore in 2021-22. The company sold a total of 19,66,164 vehicles last fiscal, despite missing production of about 1,70,000 units due to a shortage of electronic components. This translated to a growth of 19 per cent over FY22 sales volume of 16,52,653 vehicles. SEE ALSO: <a href="https://www.businessinsider.in/tech/apps/news/is-whatsapp-secretly-listening-to-your-private-conversations-heres-how-to-check/articleshow/100155980.cms">Is WhatsApp secretly listening to your private conversations? Here’s how to check</a> <a href="https://www.businessinsider.in/tech/news/google-pixel-6a-vs-pixel-7a-smartphone-comparison-with-price-and-features/articleshow/100177889.cms">Google Pixel 6a vs Pixel 7a: Is Google's latest mid-ranger worth the extra ₹12,000?</a>

Expect India sales to be higher than industry growth this fiscal: Suzuki Motor

The <keyword id="20150760" type="General" weightage="20" keywordseo="SP-Global-Market-Intelligence" source="keywords" meta.keywordsubtype="org" meta.entityname="S&amp;P Global Market Intelligence" meta.hostid="261" meta.entityid="S&amp;P Global Market Intelligence">S&amp;P Global Market Intelligence</keyword> has upwardly revised <keyword id="22162557" type="General" weightage="100" keywordseo="GDP-forecasts" source="keywords">GDP forecasts</keyword> for <keyword id="19894886" type="General" weightage="20" keywordseo="China" source="keywords">China</keyword> in its latest report. But even with the revised forecast, China's GDP growth will be substantially lower than that of <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword>. According to S&amp;P, India's GDP is projected to grow at a rate of 6.7 per cent in 2024 and 6.3 per cent in 2025. In contrast, China's <keyword id="19931030" type="General" weightage="20" keywordseo="economy" source="keywords">economy</keyword> is now forecasted to grow at 5.0 per cent in 2024 and forecast moderately raised to 4.6 per cent from 4.5 per cent. The agency revised China's estimate due to policy tailwinds expected to extend into next year and a gradual improvement in private-sector sentiment within the country. However, the <keyword id="19899810" type="General" weightage="20" keywordseo="reserve-bank-of-india" source="keywords">Reserve Bank of India</keyword> (<keyword id="19899808" type="General" weightage="20" keywordseo="RBI" source="keywords">RBI</keyword>) in its monetary policy has raised the GDP forecast of India from 7 per cent to 7.2 per cent for FY25. RBI Governor Shaktikanta Das said, "The real GDP growth for the current financial year 2024-25 is projected at 7.2 per cent with Q1 at 7.3 per cent, Q2 at 7.2 per cent, Q3 at 7.3 per cent, and Q4 at 7.2 per cent. The risks are evenly balanced." RBI Governor further said that, "The GDP growth projection, we have increased it from 7 per cent to 7.2 per cent and the inflation projection, the average for the year, we have retained it at 4.5 per cent as it was in the last MPC meeting." The <keyword id="22162558" type="General" weightage="20" keywordseo="SP-Global-Market" source="keywords">S&amp;P Global Market</keyword> Intelligence however has lowered the growth forecasts of US, Canada, Brazil, and Japan for 2024, while it has revised upward the forecasts for China, the Eurozone, the UK, and Russia. Additionally, the <keyword id="22162559" type="General" weightage="20" keywordseo="global-growth-forecast" source="keywords">global growth forecast</keyword> for 2025 has edged up from 2.7 per cent to 2.8 per cent, with higher forecasts for some of the larger countries, including the US and China. Regarding Japan, the agency maintains that the next rate hike by the Bank of Japan is most likely to occur in October 2024, given the economic and inflationary headwinds. In the Asia-Pacific region, the agency predicts that real GDP growth, excluding mainland China and Japan, will remain broadly stable at 4.4 per cent in 2024 and 2025, driven by robust domestic demand and recovering exports. A pickup in overseas demand is seen as the key growth driver for the region in 2024.

S&P Global Market raised growth forecast of China, still significantly lower than India

In response to higher-than-expected tax revenue and a record surplus transfer from the Reserve Bank of India (RBI), the Indian government is considering an 8-10% increase in <keyword id="20018917" type="General" weightage="20" keywordseo="capital-expenditure" source="keywords">capital expenditure</keyword> (capex) for the fiscal year 2025, according to Pantomath Group's quarterly report, "Market Kaleidoscope: Quarterly Market Insights." This adjustment could raise the capex from the previously allocated Rs 11.11 lakh crore, aiming to bolster infrastructure and economic growth. This fiscal boost comes as India reaches a historic financial milestone. The total market capitalization of all stocks listed on the Bombay Stock Exchange (<keyword id="19895774" type="General" weightage="20" keywordseo="BSE" source="keywords">BSE</keyword>) briefly surpassed $5 trillion for the first time, placing India among global giants such as the US, China, Japan, and Hong Kong. India's primary market is set for a dynamic period, with 55 companies planning to raise over Rs 68,000 crore through Initial Public Offerings (IPOs). The first half of FY2025 has already seen 35 mainboard IPOs, collectively raising around Rs 32,000 crore with an average subscription rate of 61 times. The Indian market maintained a positive outlook in the first quarter of FY2025, driven by strong Q4FY24 earnings, favorable economic data, and positive global cues. Despite early June volatility following the 2024 <keyword id="19895394" type="General" weightage="20" keywordseo="lok-sabha" source="keywords">Lok Sabha</keyword> election results, market sentiment improved with the BJP securing 272 seats and a total of 292 seats for the NDA with allied support. This political stability under Prime Minister Narendra Modi's leadership is expected to promote long-term economic growth, with a focus on infrastructure, electric mobility, startup support, power distribution, digital privacy, and healthcare initiatives. Corporate India's performance in the March quarter of FY2024 met expectations, showing double-digit growth in net profit and single-digit revenue increases. Non-lending companies experienced moderate operating margin expansion due to favorable commodity prices and cost controls. The peaking interest rates and continuity of <keyword id="19978691" type="General" weightage="20" keywordseo="government-policies" source="keywords">government policies</keyword> are anticipated to support healthy corporate growth in FY2025. <h2>Growth to continue</h2>The government's push for increased <keyword id="20068449" type="General" weightage="20" keywordseo="ethanol-production" source="keywords">ethanol production</keyword> targets a 20% blending by 2026, benefiting ethanol-heavy sugar companies and promoting biofuel goals. The real estate market is projected to grow significantly, requiring Rs 14 lakh crore in debt financing from 2024 to 2026. This growth will positively impact the banking and financial sectors. Major telecom operators have raised tariffs post-election, potentially improving sector financials and paving the way for sector re-rating. Major cement players are expanding through acquisitions, with an expected 6-7% compounded growth and market dominance by the top five players by March 2025. FMCG Companies expect recovery in rural business due to factors like a normal monsoon, robust crop yields, and government measures, maintaining robust rural demand. The potential roll-out of the FAME 3 Scheme to support <keyword id="19963112" type="General" weightage="20" keywordseo="electric-vehicle-sales" source="keywords">electric vehicle sales</keyword> is anticipated, with a budgetary allocation of around Rs 10,000 crore. Sectors such as auto, cement, defence, railways, consumer durables, energy, and banking are expected to outperform. Lagging sectors like IT and specialty chemicals offer value-buying opportunities at lower levels. The structural bull market for Indian equity is supported by strong domestic fundamentals and government reforms, with a positive medium- to long-term market outlook. Globally, the US market showed resilience, except for the Dow Jones. The Federal Reserve maintained interest rates at 5.25-5.50%, awaiting inflation to move towards the 2% target before considering rate cuts. The US GDP grew at 1.4% annually in Q1 2024, with mixed economic indicators highlighting both strengths and challenges. The Indian <keyword id="19926041" type="General" weightage="20" keywordseo="IPO-market" source="keywords">IPO market</keyword> has seen significant growth, with a surge in companies seeking to list shares and a rise in capital raised. The first half of 2025 saw strong retail investor participation, reflecting confidence in India's growth prospects. Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Private Limited, said, "Favourable market conditions, high liquidity, a conducive growth environment with stable interest rates, and benign inflation have facilitated a boom in the IPO market. The IPO market will experience a stronger pull post-budget. India is set to become the new equity funding frontier for global corporations." He further added. "We are on the brink of sustained, long-term momentum in the IPO market, with this year potentially becoming the best for IPOs. India's solid macroeconomic environment and promising growth prospects create an ideal backdrop for this vibrant IPO market. Additionally, there is robust participation from both domestic institutional investors and retail investors." With the Indian government's potential capex increase and the robust primary market activity, the <keyword id="19948184" type="General" weightage="100" keywordseo="Indian-economy" source="keywords">Indian economy</keyword> is poised for sustained growth. The upcoming period is expected to see heightened market activity, further IPOs, and economic stability, creating a conducive environment for investment and development.

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