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This is particularly creditable in the context of two successive unfavourable monsoons and a decline in exports.
Recent data indicate a 5.7% year-on-year growth in eight of the key core sector industries, against 2.3% growth registered last year.
Against the backdrop of a muted global economy, India’s economy is an outperformer. and administration, and opening up more areas for foreign investment through the automatic route.
The Government is substantially stepping up infrastructure spending. For instance, capital investment will take time to 0UÅH[PVUHY` WYLZZ\YLZ OH]L ILLU JVU[HPULK ; OL revive, given stretched corporate balance sheets, rise in the consumer price index averaged 4.9% low capacity utilisation (at only 72.5% in the in FY 2015-16, down from 5.9% in the previous organised industrial sector) and competition from year. Slow global output and trade growth on an averaged basis, compared to a rise will continue to impact exports. In FY 2015-16, overhang of non-performing assets in the banking merchandise exports and imports each fell sector.
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FY 2015-16 was USD 118.5 billion, a decline of 14% V]LY[OLWYL]PV\Z`LHY; OLJ\YYLU[HJJV\U[KLÄJP[ Your Company recorded a consolidated revenue narrowed sharply from USD 26.1 billion to USD 22.0 of USD 3.6 billion (` 23,129 Crore) during billion, representing 1.4% of GDP. EBITDA expanded by 13% to exchange reserves, as at March-end 2016 were USD 1 billion (`*YVYLHUKUL[WYVÄ[Z\YNLK USD 360.2 billion.
‘Aditya Birla Fashion & Retail Ltd.’ insurance business’ partner, raised its stake in Birla Sun Life Insurance (BSLI) from 26% to 49% for ` 1,664 Crore.
Aditya Birla Financial Services (ABFS) is one of [OLSHYNLZ[UVUIHURÄUHUJPHSZLY]PJLZWSH`LYZPU India.
Towards front, in areas related to ease of doing business, this your Company has entered into a Joint promoting start-ups, rationalising the tax structure Venture with the Abraaj Group (Dubai) for Solar ii The Chairman’s Letter to Shareholders Power, Idea Cellular for Payments Bank and MMI Holdings (South Africa) for Health Insurance.
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