India’s Q3 FY 2025 GDP Growth at 6.2% Signals Need for Economic Boost
By: Mr. Vivek Rathi – National Director Research, Knight Frank India.
“India’s Q3 FY 2025 GDP growth of 6.2% signals a moderate recovery in economic momentum since the last announcement but remains a notable slowdown compared to the same period last year. While a 5.6% growth in the agriculture sector has contributed positively, a sharp decline in manufacturing growth from 14% to 3.5% has significantly weighed on overall expansion. Additionally, a moderation in the construction sector to 7% has further dampened year-on-year growth.
With Real GDP projected to grow at 6.5% for FY 2024-25—substantially lower than the exceptional 9.2% recorded in FY 2023-24—there is a need for measures to stimulate private consumption, expand capital investment avenues, and sustain economic momentum.
Among high-frequency indicators within the property sector, we have seen signs of moderation in growth in both credit offtake and sales, suggesting a plateauing at elevated levels. Policy interventions aimed at revitalizing demand across the economic spectrum, particularly in the affordable housing segment, will be crucial in regaining momentum.”
Kia India Recognised As Great Place To Work
Mumbai, March 1st, 2025 – Kia India, the country’s leading mass-premium carmaker, has been awarded the prestigious ‘Great Place to Work’ certification for the period of February 2025 – February 2026. This certification underscores Kia India’s unwavering commitment to building a trust-based, inclusive, and high-performance workplace culture where employees feel valued, empowered, and inspired.
With over 92% employee participation from corporate, regional, and plant offices across the country, this achievement highlights Kia India’s employee-friendly policies, which prioritize the all-round professional development of its workforce.
On the occasion, Mr. Gwanggu Lee, Managing Director & CEO of Kia India, remarked, “Being recognized as a Great Place to Work is a proud milestone for all of us at Kia India. Our dedication to fostering a customer-centric, people-focused, and collaborative ‘One Team’ culture is at the heart of everything we do. This certification is a testament to our ongoing journey. We remain committed to listening to our people, learning from their insights, and investing in their growth, making Kia India an even more inspiring place to work. As we continue to redefine mobility, we are steadfast in our mission to cultivate a workplace that nurtures innovation and growth.”
The certification process followed the rigorous Great Place to Work® model, evaluating workplace culture across five key dimensions: Credibility, Respect, Fairness, Pride, and Camaraderie. Kia India excelled in all these areas, reinforcing its commitment to employee engagement, well-being, and a culture of excellence. Notably, Kia India stands out as one of the few automobile manufacturers in the country to receive this prestigious recognition.
Crisil’s Dharmakirti Joshi Comments on GDP Data
By: Dharmakirti Joshi, Chief Economist, Crisil Limited on GDP data
March 1st 2025
Growth back to trend
The mild revision of 10 basis points (bps) in the second advanced estimates to 6.5% takes the expected real GDP growth this fiscal closer to the average of 6.6% seen in the decade pre-pandemic. And this is over a sharp upward revision of 100 bps in the previous year’s growth to 9.2%.
We expect the GDP growth at 6.5% next fiscal, supported by normal monsoons, lower food inflation and rate cuts of 75-100 basis points in the current cycle that began earlier this month. However, a lower fiscal impulse is expected to cap growth next year.
The good news is growth is becoming more balanced as private consumption’s share in GDP rose in fiscal 2025.
However, investment’s share has been moderating since fiscal 2024. As anticipated, public and household investments were the faster-growing investment components in fiscal 2024. However, private corporate investment share in total investments fell.
The financial flexibility and low leverage that corporates enjoy is yet to translate into healthy investments. The ongoing tariff wars and fear of dumping from China keeps the corporate sector cautious on investments.
On the other side, gross domestic savings as a proportion of GDP remained stagnant. While household gross financial savings (as % of GDP) rose, their savings in physical assets fell in fiscal 2024.
The complexity of risks from tariff actions – already initiated and likely to be followed by more such measures in the coming months – is evolving and creates a downside bias to our forecasts.
PHDCCI India Remains Resilient with 6.2% GDP Growth in Q3 FY 2024-25
Despite geopolitical headwinds India’s growth at 6.2% in Q3 FY 2024-25 reflects India’s resilience and the effectiveness of policies, said Mr. Hemant Jain, PHDCCI, in a press statement issued here today .
The growth is largely driven by the strong performance of agriculture and allied sectors, which saw a growth rate of 5.6% in Q3 FY25. This rebound is expected to boost farmers’ income and further enhance agricultural productivity and rural growth, said Mr. Jain .
The tertiary sector has emerged as a key growth engine, showing an impressive 7.4% growth in Q3 FY25. Services such as trade, hotels, transport, communication, and broadcasting services have witnessed high growth of 6.7%, said Mr. Jain.
This indicates a vibrant services sector that continues to expand, creating new avenues for employment and economic development, said Mr. Jain.
Private final consumption expenditure grew by 6.9% in Q3 FY25; showing steady increase in consumer spending and strength to demand trajectory, said Mr. Jain.
The manufacturing sector grew steady at 3.5%, reflecting the continued strength of India’s manufacturing sector reforms, said Mr. Jain.
The construction sector remains a strong support to India’s economic growth, showing consistent growth of 7% in Q3 FY25, said Mr. Jain.
This sector not only generates significant employment across various skill levels but also acts as a catalyst for infrastructure development, said Mr. Jain
The electricity, gas, water supply, and other utility services grew by 5.1% in Q3 FY 2024-25, indicating strong support for the manufacturing sector through enhanced infrastructure and energy, said Mr. Jain.
The robust performance of India’s gross fixed capital formation (GFCF) at 27.6% of GDP for Q3 FY25 indicates sustained capacity expansion, said Mr. Jain.
Microalgae-Based Products Revolutionize Food, Pharma, and Biofuels
The microbial algae products market is experiencing remarkable growth, driven by increasing consumer demand for sustainable, natural, and health-enhancing products. According to projections from Persistence Market Research, the market is expected to grow at a compound annual growth rate (CAGR) of 6.1%, with revenue rising from US$ 3,326.5 million in 2023 to approximately US$ 6,013.7 million by 2033. This significant growth highlights the increasing importance of microbial algae products across multiple industries, including food and beverages, pharmaceuticals, cosmetics, and biofuels.
What are Microbial Algae Products?
Microbial algae products are derived from microscopic algae that can be cultivated in controlled environments such as bioreactors or open ponds. These products include bioactive compounds, pigments, proteins, and essential fatty acids that have diverse applications. Unlike traditional agriculture, microbial algae cultivation is highly efficient, requiring fewer resources while providing sustainable solutions for various industries.
Key Factors Driving Market Growth
1. Rising Demand for Plant-Based and Sustainable Products
In recent years, there has been a significant shift in consumer preferences toward plant-based and sustainable products. As the demand for alternative protein sources grows, microbial algae products have emerged as a viable solution due to their high protein content, essential amino acids, and low environmental impact. Companies producing plant-based meat substitutes, protein powders, and dietary supplements are increasingly incorporating algae-based ingredients into their formulations.
2. Health and Nutritional Benefits
Microbial algae are rich in essential nutrients such as omega-3 fatty acids, antioxidants, vitamins, and minerals. Spirulina and chlorella, two of the most popular algae species, are widely used in dietary supplements and functional foods due to their high protein content and potential health benefits, including improved immune function and cardiovascular health. Consumers seeking natural, nutrient-dense products are driving demand for algae-based supplements and superfoods.
Additionally, research has shown that certain algae-derived compounds possess anti-inflammatory, antimicrobial, and immune-boosting properties. These benefits make microbial algae products attractive in the nutraceuticals and pharmaceuticals markets, where they are being explored for their potential in treating conditions such as arthritis, diabetes, and cognitive disorders.
3. Expansion of the Pharmaceutical and Cosmetic Industries
The pharmaceutical and cosmetic industries are increasingly utilizing microbial algae products for their bioactive properties. Algae-derived compounds such as astaxanthin, beta-carotene, and phycocyanin are known for their strong antioxidant and anti-aging effects, making them highly desirable ingredients in skincare products. As consumers continue to prioritize natural and sustainable ingredients in cosmetics, the demand for algae-based formulations is expected to grow.
In the pharmaceutical sector, ongoing research is uncovering new potential applications of microbial algae in drug development. Algae-derived compounds are being studied for their ability to combat infections, reduce inflammation, and even play a role in cancer treatment. This expanding field of research is expected to create new opportunities for the microbial algae products market.
4. Growing Interest in Algae-Based Biofuels
With the increasing urgency to reduce dependence on fossil fuels, algae-based biofuels have emerged as a promising renewable energy source. Algae can produce lipids that can be converted into biodiesel, offering a sustainable and eco-friendly alternative to traditional fuels. Unlike crops used for biofuels, algae do not require arable land or large amounts of freshwater, making them a more efficient and sustainable energy source.
Governments and private companies worldwide are investing in algae-based biofuel research and production. As technological advancements improve the efficiency and cost-effectiveness of algae biofuel production, this sector is expected to contribute significantly to the overall growth of the microbial algae products market.
Challenges and Opportunities
1. High Production Costs
One of the primary challenges facing the microbial algae products market is the high cost of production. Cultivating algae requires specific environmental conditions, controlled facilities, and specialized equipment. While technological advancements are helping to reduce costs, large-scale production remains expensive compared to conventional sources of proteins, antioxidants, and biofuels.
However, ongoing research and innovation are expected to make microbial algae cultivation more cost-effective. Advances in genetic engineering, bioprocessing techniques, and automation are contributing to increased yields and lower production costs, making algae-based products more competitive in the market.
2. Regulatory Hurdles
As microbial algae products are introduced into new industries, regulatory challenges can pose obstacles to market growth. Different regions have varying regulations regarding the approval and labeling of algae-based food, supplements, and pharmaceuticals. Companies entering the market must navigate complex approval processes to ensure compliance with food safety and health standards.
Despite these challenges, increasing consumer awareness and scientific validation of the health benefits of microbial algae are helping to drive regulatory acceptance. As more studies confirm the safety and efficacy of algae-based products, regulatory frameworks are expected to evolve, facilitating smoother market entry for new products.
3. Rising Investments and Research in Algae Technology
The microbial algae products market is attracting significant investments from both public and private sectors. Startups and established companies alike are exploring new ways to optimize algae production, improve product quality, and expand the range of applications.
Innovations in algae cultivation techniques, including photobioreactors and closed-loop systems, are improving efficiency and scalability. Research into genetic modification and strain selection is also leading to algae species with enhanced nutritional profiles, faster growth rates, and higher yields of valuable compounds. These technological advancements are expected to open new doors for market expansion.
Value4Brand Wins Best Online Reputation Management at GDMC 2025
March 1st, 2025, New Delhi: New Delhi-based Value4Brand, a leading online reputation management (ORM) and digital marketing agency in India, has been awarded ‘Best Online Reputation Management Company’ at the recently-held Global Digital Marketing – Most Influential Digital Marketer Awards 2025. The gala awards ceremony took place alongside World Digital Marketing Congress at Taj Lands End, Mumbai, where Value4Brand’s CEO was presented with the award memento and certificate by Himank Tripathi, Chief Communications Officer, Baazi Games.
Notably, World Digital Marketing Congress is a future-facing platform designed to highlight the exceptional work done by the contemporary marketing fraternity while shaping brands into the digital era. The platform also rewards industry leaders for their exemplary work in terms of online asset creation for enhancing digital and business success; and this year, they have chosen Value4Brand as the Best ORM Company in view of the latter’s pioneering and dominant role in elevating and mainstreaming India’s ORM space.
Expressing her satisfaction after receiving the award, Neha Arora, Co-Founder and Chief Executive Officer, Value4Brand (V4B Digital Solutions Pvt. Ltd.) said, “We are elated and proud to receive the Best ORM Company award – a recognition that serves as a testament to our unwavering commitment towards delivering top-notch ORM services. At Value4Brand, we believe in going the extra mile to proactively shape positive brand narratives, safeguard digital identities, and help businesses navigate and thrive in today’s digitally-driven world. Winning this award validates our strategic approach, mission and revolutionary solutions that have already empowered countless brands across many industries – and also inspires us to continue to evolve, serve and innovate to shine in the ORM and online marketing domain.”
Neha was also one of the panellists at a panel discussion held at the event on – ‘Leveraging Digital & AI to Drive Growth in Consumer Markets’, where she shared her insights on the future of AI in marketing/brand-building and in fostering overall business growth. “Today, AI is, no doubt, redefining the way modern businesses engage with their audiences and create and manage their reputation across the digital space. While AI enhances efficiency and productivity and aids data-driven decision-making, we believe human intervention and oversight remains irreplaceable. To ensure optimal outcomes, AI workflows should be guided by human ingenuity combined with emotional intelligence. The future lies in AI-human collaboration, wherein technology amplifies human expertise and creativity for ideating and executing game-changing marcom and ORM strategies,” commented Neha Arora.
Over the years, Value4Brand has solidified its impeccable reputation in safeguarding and improving the Internet image of companies using a plethora of new-age strategies. The agency blends cutting-edge AI-based reputation management with its deep industry expertise and know-how to empower brands with solutions that drive focused growth and results in the online realm. Their holistic approach to ORM ensures businesses not only protect digital presence but also enhance their brand perception and stay on top of their digital game through proactive engagement. While being guided by and staying true to its core values of transparency, integrity and responsibility, Value4Brand has till date catered to over 300+ clients across more than 25 industries, both in India and across the globe.
Uno Minda Inaugurates 18th Samarth Jyoti Center in Karnataka
Bengaluru, March 1st, 2025: Uno Minda Limited a Global Tier-1 Supplier of proprietary automotive systems and solutions, proudly inaugurated its 18th Samarth Jyoti Center in village Kaggalahalli, Harohalli, Karnataka, as part of its ongoing CSR initiative. This milestone marks a significant step in the company’s commitment to uplifting marginalized communities by providing education, vocational training, and essential services.
The inauguration ceremony was attended by distinguished guests, including senior leadership from Uno Minda and representatives from Toyoda Gosei South India Pvt. Ltd., a key partner supporting this initiative.
Uno Minda, through its CSR wing, has been driving social development for the past two decades. The group operates three senior secondary schools and a multi-specialty hospital for the community. Through Project Samarth Jyoti, it actively focuses on education, healthcare, skill development, and livelihood support for underprivileged communities across India. With 17 centers already in operation, the launch of this 18th center further strengthens the company’s commitment to inclusive growth and sustainable development.
The Samarth Jyoti Center at Kaggalahalli aims to bridge the educational gap and enhance employability in rural areas. The center will offer:
- Basic Computing Courses to enhance digital literacy and job readiness.
- Coaching Classes for students in Grades 1-5, with plans to extend support to Grades 6-8 in the next academic session.
Additionally, Uno Minda will be assembling an RO water station in Muttugapalya to provide clean drinking water to the local community.
The establishment of this center was made possible through the support of Toyoda Gosei South India Pvt. Ltd. and the local panchayat, reinforcing the power of collaborative efforts in driving social change.
Mr. Nirmal K Minda, CMD, Uno Minda Limited, expressing his thoughts, stated: “At Uno Minda, we believe in giving back to society and creating opportunities for underprivileged communities. The Samarth Jyoti initiative is dedicated to empowering individuals through education and skill development. This center will serve as a foundation for a brighter future, helping children excel academically and providing vocational training for better livelihood opportunities.”
Mumbai Registers 11,541 properties in February 2025
According to Knight Frank India, while property registrations in the Mumbai real estate market have moderated, signs of stabilisation are emerging. The market saw a 4% Year-on-Year (YoY) decline in registrations, with 11,541 properties registered in February 2025, compared to 12,056 in the same period last year, based on data from the Maharashtra Inspector General of Registration (IGR).
Nevertheless, stamp duty collections remained steady in February 2025, reaching ₹896 crore, which is almost identical to the ₹885 crore collected in February 2024. On a month-on-month comparison, January 2025 saw 12,249 properties registered, with stamp duty collections totaling ₹994 crore.
Mumbai’s residential market has experienced significant shifts in micro-market preferences. The central suburbs saw the largest increase in market share, rising from 29% in January 2024 to 33% in January 2025. Central Mumbai and South Mumbai also saw growth, with their market shares increasing to 11%.
Here is what real estate industry leaders have to say on the registrations numbers in February 2025.
Mr. Prashant Sharma, President, NAREDCO Maharashtra: “The Mumbai real estate market is entering a phase of stability, which is a positive sign for long-term growth. The consistency in stamp duty collections highlights the market’s resilience and enduring strength. As developers, we are confident in the continued potential of Mumbai’s real estate sector, especially with the rising demand for high-end residential properties and a clear shift toward more spacious homes.”
Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers: “The Mumbai real estate market continues to show strong growth potential despite a slight dip in registrations. We’ve observed a shift towards larger residential units, reflecting the growing preference for more spacious living in the city. This trend aligns with evolving consumer preferences, and we are focused on meeting these demands with our upcoming projects.”
Mr. Rohan Khatau, Director, CCI Projects: “The moderation in property registrations, alongside stable stamp duty collections, reflects the maturity and resilience of Mumbai’s real estate market. We are witnessing a clear shift in buyer preferences toward larger homes and a growing demand for properties in suburbs. At CCI Projects, we are well-positioned to meet these evolving needs by offering thoughtfully designed, spacious living spaces that align with the aspirations of modern homebuyers.
Mr. Samyak Jain, Director, Siddha Group: “The shift in Mumbai’s property market, particularly the growing demand for larger residential units, is an encouraging sign for the sector. The strong performance signals continued growth. We are excited about the opportunities this evolving trend presents and look forward to contributing to the future growth of Mumbai’s real estate market.“
Muthoot Exim Opens 38th Gold Point Centre in Lucknow
Lucknow, March 1st, 2025: Muthoot Exim (P) Ltd., the precious metal arm of 137-year-old business conglomerate Muthoot Pappachan Group (also known as Muthoot Blue), proudly announces the grand opening of its newest Gold Point Centre in Lucknow. The new Muthoot Gold Point Centre is strategically located at Shop No. B-305/B-304, 1st Floor of Sahara Plaza, Situated CP-5, Pratkarpuram, Vikas Khand, Gomti Nagar in Lucknow, Uttar Pradesh – 226010.
This marks the opening of 38th Gold Point Centre in India and the 3rd branch in Uttar Pradesh.
The new Gold Point Centre will unlock the value of gold to the residents of Lucknow who will get an opportunity to acquire the much-needed liquidity transparently. Muthoot Exim’s Gold Point Centres are renowned for their commitment to transparency and customer trust. At these centres, customers can sell their old and used gold items with the assurance of receiving fair and accurate valuations. The entire process is conducted transparently, allowing customers to witness the valuation firsthand. Instant cash payments are made for gold valued up to Rs 10,000 with higher amounts processed via IMPS, NEFT, or RTGS, ensuring a seamless and trustworthy transaction experience.
Keyur Shah, CEO of Muthoot Exim said, “Lucknow is a city full of promises, and we are delighted to be part of its growth. Our Gold Point Centre would be a platform for the residents to unlock the value of their gold assets through fair, transparent and hassle-free process.”
Thomas Muthoot, Executive Director of Muthoot Pappachan Group & Managing Director of Muthoot Exim, added, “This is not yet another opening, but we are here to create lasting, fruitful relationships with the residents. Working alongside the local community and residents of Lucknow, the Muthoot Gold Point Centre will empower them ensuring to provide them a platform for safe financial access.”
Muthoot Exim Pvt. Ltd. (MEPL) has been at the forefront of innovation in the precious metals market. As the first organized player to launch a gold recycling centre in India, MEPL has continuously set benchmarks in the industry. Since the opening of its first Gold Point Centre in Coimbatore in 2015, the company has expanded to major cities including Mumbai, Bengaluru, Chennai, Delhi, Kolkata, Hubballi, Napur, Barasat, Tirunelveli, Guntur, Warangal, Davangere, Bhubneshwar, Kalaburagi, Thrissur, and now Lucknow consistently offering high-quality products at affordable prices.
Seamlessly Build your Dream Kitchen with Customised Appliance Combos from Hafele
Building a new kitchen or upgrading the current one can be an exciting yet overwhelming experience. With countless appliance choices, varying features, and design languages, finding the perfect combination that fits your needs can feel like a challenge. At the same time, it is also important that you get the same level of quality, functionality and usability so that you get a seamless culinary experience.
At Hafele, we understand these dilemmas, which is why we offer customisable combo deals on our range of appliances. Easily design your own combos, and create a kitchen solution that suits your lifestyle, all while maintaining a unified design language and experience. With a variety of gas and induction hobs, cookerhoods, dishwashers, washing machines, and ovens and microwaves, which are also available in matching finishes, these combos give you a comprehensive solution for building your dream kitchen.