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COVID-19 ravaged construction industry in South and South-East Asia set to post V-shaped recovery in 2021, says GlobalData

The stringent lockdowns and social distancing norms due to COVID-19 have severely disrupted the construction industry across South and South-East Asia. Consequently, the industry is expected to contract by 8.5% in 2020 in the region. However, assuming that a widespread second wave of infections is avoided, output will rise sharply in 2021 because of the […]
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Australasia construction output to contract by 4.8% in 2020 due to COVID-19, says GlobalData

Even prior to the COVID-19 outbreak, the construction industry in Australasia was weak, dragged down by a weak residential market in Australia. The COVID-19 outbreak and the consequent social distancing norms, lockdowns and weakening macroeconomic conditions have further exacerbated the challenges in the residential market while also leading to a contraction in New Zealand construction […]
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Organic additives products expected to drive Australia’s cosmetics & toiletries industry, says GlobalData

The ongoing trend of using organic additives in cosmetics and personal care products is expected to drive the Australian cosmetics & toiletries industry from A$8.09bn (US$5.63bn) in 2019 to A$9.87bn (US$6.73bn) in 2024, at a compound annual growth rate (CAGR) of 4.0%, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Australia Cosmetics […]
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COVID-19 helps accelerate transition towards digital payments in India’s retail industry, says GlobalData

The COVID-19 pandemic has caused a fundamental shift in the way customers make their retail payments, particularly in the emerging economies like India. Though customers were slowly marching towards digital payments over the past few years, the COVID-19 crisis has swiftly condensed the transactions of card payments, online commerce, contactless transactions and digital wallets in […]
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India’s retail sector to witness next wave of growth in unorganized segment driven by technology, says GlobalData

Despite the exponential growth of e-commerce and digital retail stores, India’s retail sector is still mostly unorganized, particularly in non-metropolitan areas. During the government-imposed lockdown due to COVID-19 pandemic, organized retailers of non-essential goods registered steep losses. However, technology has restored the faith of consumers in local stores as they remained operational even during the […]
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Hindustan Aeronautics reaches 300 ALH Dhruv milestone but exports yet to pick up, says GlobalData

Following the news that India’s state-owned Hindustan Aeronautics Limited (HAL) has rolled out its 300th advanced light helicopter (ALH) Dhruv; Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The announcement from HAL comes on the heels of India’s defense minister releasing the new Defence Acquisition […]
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Despite economic gloom, Pakistan set to increase defense expenditure to US$12.4bn by 2025, says GlobalData

Pakistan’s defense expenditure outlay will continue to grow and is expected to reach US$12.4bn by 2025 with the primary focus to build military capability to counter incursion of external forces despite a struggling economy, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Pakistani Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2025’, […]
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South Korea’s Green New Deal to create sustainable ecosystem with offshore wind and solar PV playing pivotal roles, says GlobalData

South Korea, one of the top CO2 emitting countries in the world, proposed a ‘Green New Deal’ to help accelerate the country’s transition towards the creation of a sustainable ecosystem by attaining net-zero emissions by 2050 and mitigate the risk of climate crisis. The deal affirms South Korea’s desire to make big advancements in the […]
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Uttarakhand’s approach towards revival of tourism presents key learning lessons for other tourist destinations, says GlobalData

Following the news that the state of Uttarakhand in India has revised the guidelines for inter-state travel; Animesh Kumar, Director of Travel and Tourism Consulting at GlobalData, a leading research and consulting company, offers his view: “Uttarakhand has taken a balanced approach in removing the travel restrictions and presented some significant learnings for the other […]
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Deteriorating financial situation due to COVID-19 leads to productivity decline of South American oil and gas pipeline sector, says GlobalData

The South American oil and gas pipelines sector has been impacted by weak demand and low oil and gas prices as a result of COVID-19. The worsening financial situation is leading to delays in the upcoming pipeline projects while measures to curb the spread of pandemic has impacted the operations of existing pipelines,  says GlobalData, […]
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