Fri. May 24th, 2024

Year-end comment

Mr. Tipirneni Seshagiri Rao

Founder & Chairman Online News,December31,Hyderabad: Sentini Group:2019 was a tepid year for the Indian economy driven by weak consumer consumption, liquidity crunch, and the slowdown in manufacturing.

Hopefully, 2020 will see a positive uptick riding on recent fiscal stimulus, though much more needs to be done to stimulate economic activity, especially in manufacturing, construction, and tax collection. The 2020-21 budget will be eagerly awaited, and we look forward to strong fiscal measures to jumpstart economic activity.

Mr. Uttam Malani

Executive Director

Centuary Mattresses

The furniture & bedding industry in India witnessed a challenging year, as it saw a subdued underlying consumer demand and low sentiment. Despite an increase in India Manufacturing PMI in November, as per industry survey, resulting in improvement in the factory activity but firms still shedding jobs wasn’t an encouraging sign. Though the mattress industry growth is expected to be muted around 3-4%, to stay in sync with changing consumer preferences & increased value consciousness; Centuary has managed to maintain its double-digit growth by rejigging its product portfolio and through strategic marketing initiatives