Mumbai, Sep 15 (IANS) The gross domestic product (GDP) is expected to grow double to 8 per cent in Q2FY23, from 3.8 per cent in Q1FY23, according to the ICRA estimates. “We project the GDP expansion at 6.5-7.0 per cent for
Mumbai, Aug 23 (IANS) GDP growth is expected to expand in double digits at 13 per cent in Q1FY23 due to low base and robust recovery in the contact-intensive sectors following the widening vaccination coverage, according to an ICRA report. The
Mumbai, Aug 4 (IANS) The net profit of ICRA for the first quarter of the current financial year rose 22.7 per cent to 31.9 crore and operating income of the company rose 7.0 per cent to Rs 49.3 crore driven by
The natural gas business of PSU upstream companies would turn profitable as domestic prices are expected to increase substantially in the next revision, ratings agency ICRA said. New Delhi, March 24 (IANS) The natural gas business of PSU upstream companies would
New Delhi, Feb 26 (IANS) High crude oil prices, due to geo-political concerns, can spike petrol, and diesel prices by Rs 6 to Rs 8 per litre, ratings agency ICRA said. According to the ratings agency, the lagged revision in RSPs
New Delhi, Feb 16 (IANS) India’s Q3FY22 GDP is expected to grow at 6.2 per cent on a year-on-year basis due to a broad-based, base effect-led moderation, as per ratings agency ICRA. The expected YoY growth of the GDP and gross
New Delhi, Dec 25 (IANS) The recent improvement in recovery of the non-performing assets and decline in provisioning of loans in the banking sector are expected to improve further in the coming year, rating agency ICRA said. Accordingly, the improvement in
New Delhi, Dec 20 (IANS) A rise in Covid-19 and allied tests due to the pandemic, and specifically during the second wave, is expected to raise the diagnostic sector’s revenue growth by 20-25 per cent YoY in FY22, rating agency ICRA
New Delhi, Nov 25 (IANS) Ease in travel restrictions post the lockdown is expected to raise the airport infrastructure sector’s operating profits in FY22, ICRA said on Wednesday. However, the outlook for the sector continues to remain “negative”, the ratings agency
New Delhi, Nov 19 (IANS) Rating agency ICRA has revised India’s gross domestic product (GDP) for Q2 FY22 upward by 20 basis points to 7.9 per cent. Gross Value Added (GVA) for the quarter is expected to rise by 20 basis
New Delhi, Nov 10 (IANS) Lower Covid-19 infections, along with festive demand, boosted domestic air passenger traffic growth on both sequential as well as on year-on-year basis in October, ratings agency ICRA said. Domestic air passenger traffic grew by 24-25 per
New Delhi, Oct 21 (IANS) India’s economic recovery widened in Q2FY22 as the impact of Covid-19’s second wave abated, ratings agency ICRA said. In quarterly terms, half of the high frequency indicators recovered above their pre-Covid levels in Q2FY22, it said.
Mumbai, Oct 6 (IANS) The Reserve Bank of India will retain key lending rates as well as maintain the accommodative stance to support growth during the upcoming monetary policy review, say experts. On the other hand, the central bank might indicate
New Delhi, Sep 28 Ratings agency ICRA on Monday revised its real GDP growth forecast for India in FY2022 to 9 per cent from 8.5 per cent. The agency credited the upward revision in the GDP to the brightening prospects
New Delhi, Aug 23 Continued unlocking across the country has accelerated the improvement in various high frequency industrial and service sector indicators during July 2021, said ICRA. According to Aditi Nayar, Chief Economist, ICRA: “With the further easing of the
New Delhi, Aug 5 Domestic air passenger traffic sequentially grew by 56-57 per cent at around 48-49 lakh in July, ratings agency ICRA said. The domestic air passenger traffic stood at 31.1 lakh in June 2021. According to the ratings
New Delhi, July 17 Four power distribution utilities of Gujarat and one of Haryana have secured the top rating of A+ from credit rating agencies ICRA and CARE in the ninth round of the annual integrated ratings exercise instituted by
New Delhi, July 6 Domestic air passenger traffic is expected to have grown at 41-42 per cent sequentially in June, said ratings agency ICRA. Accordingly, the June 2021’s domestic passenger traffic is estimated at 29-30 lakh, implying a sequential growth
New Delhi, June 17 The government’s production-linked incentive (PLI) schemes for key raw materials such as bulk drugs and formulations, with a total incentive outlay of Rs 210 billion will help the country become Aatmanirbhar, ratings agency ICRA said. As
New Delhi, June 17 The increase in imported photovoltaic (PV) module price level by about 15-20 per cent is likely to impact returns of solar power project developers, ratings agency ICRA said. Accordingly, the price increase has taken place over the
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