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.
Besides, the rating agency expects a 1-4 per cent YoY growth in domestic tractor volumes in FY22.
While uncertainty continues to persist regarding a possible third wave, ICRA said it continues to maintain a 'stable' outlook for the 2W industry.
Alternatively, the tariff increase required to offset such a module price increase is estimated at about 20-22 paise per unit.
Besides, it has excluded the impact of the release of food subsidy arrears in FY2021, based on the clarification provided by the National Statistical Office (NSO).
As per ICRA, the recently expanded scope of ECGLS has come as a relief for larger hotel companies.
