Asian Markets are trading mostly higher after U.S. President Donald Trump signed an executive order on Thursday, formalising a lower Japanese auto import tariff of 15%, down from 27.5%. Nikkei and Hang Seng are up 0.78% and 0.29%, respectively, while the Shanghai Composite is trading down by 0.37%. ..

Government has announced GST 2.0 reforms which aims to rationalize the current multi-slab structure into a simpler framework, with two main rates of 5% and 18%, and a higher 40% slab for luxury and sin goods. For the auto sector, this overhaul...

Retail Research

Retail Research

GST reset is vital ingredient to boosting consumption

In our monthly Hotels update we have summarized key events of the domestic hotel industry, new hotels signing/addition by key players during the month and pricing trend of key cities for August, 2025. We have analyzed pricing of 171 hotels with ~33,000 keys across 8 cities to understand the trend over last 24 months (Exhibit 1-8). The industry had another month of ADR improvement on both YoY as well as MoM in key selected markets. We anticipate further strengthening of ADR aided by festive season followed by wedding season. We remain positive on domestic hospitality space led by demand-supply mismatch, FTA, increased corporate travel, and MICE will aid...

Event Update: GST Reform 2.0

Retail Research

Retail Research