India’s FY22 GDP growth rate now expected at 9.6%: Ind-Ra
As per Ind-Ra, the Indian economy was witnessing a consumption slowdown even before the Covid-19 pandemic.
As per Ind-Ra, the Indian economy was witnessing a consumption slowdown even before the Covid-19 pandemic.
Motorcycle and scooter sales fell 34 per cent and 33 per cent m-o-m, respectively, in April 2021.
Besides, the agency believes that the recovery in the discretionary segment would be elongated till 4QFY22, owing to the expected prolonged demand-recovery.
Ind-Ra expects gross domestic product growth will bounce back to 10.4 per cent in FY22, primarily driven by the base effect.
It expects Australia premium hard coking coal (HCC) CNF prices would be around $120 per tonne over remaining FY21, except for any weather-related supply disruptions in Australia.
The agency, however, maintained a full-year revenue decline to 5-10 per cent for F&G retail.
The implementation of the Goods and Services tax (GST) will have a positive impact on state governments’ finances in the…
The outlook for steel sector is likely to remain negative in next fiscal due to continued operational and financial challenges…
