ICRA projects GDP to dip 6.5% YoY in Q2FY25
It said, this is due to the heavy rains and weak margins offsetting the buoyancy injected by the turnaround in Government capital expenditure and healthy trends in kharif sowing.
It said, this is due to the heavy rains and weak margins offsetting the buoyancy injected by the turnaround in Government capital expenditure and healthy trends in kharif sowing.
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Indian apparel exporters will register a 9-11 per cent revenue expansion in FY2025, the independent and professional investment information and credit rating agency, ICRA said on Monday.
The share of renewable energy, including hydro, in the country’s power generation is projected to rise to 35 per cent by FY30, up from 21 per cent in FY24, a report showed on Friday.
Riding on the government’s big infrastructure drive, the construction sector in the country is estimated to grow 12-15 per cent in FY25, a report said on Wednesday.
Combined capital expenditure of a sample of 13 major state governments is expected to grow 29% year-on-year to Rs 6.2 trillion in FY2024 compared to Rs 4.8 trillion in FY23, it said.
During the financial year 2022-23, the domestic road logistics sector's growth is anticipated to continue due to the rapid expansion of business activities along with the support of robust growth in 2021-22 (FY22), said rating agency Icra recently. A growth rate of 7-9 per cent during FY23 over FY22 was estimated by rating agency Icra.
ICRA said that home-buyers have been leaning towards completed inventory and towards developers with an established track record of on-time
The median tariff revision based on the tariff orders issued so far for 2021-22 is less than one per cent and the subsidy dependence for discoms at all-India level is estimated at Rs. 1.3 lakh crore, for the year, it added.
On a sequential basis, the number of departures in June 2021 was higher by 14-15 per cent as Covid-19 infections demonstrated a downward trajectory, the agency said.
