1 out of 5 MSMEs to see stretch in working capital requirements in FY24: CRISIL
The debt requirement for the MSME sector is estimated at over ₹100 lakh crore, of which around 70% is for working capital requirement, says the report.
The debt requirement for the MSME sector is estimated at over ₹100 lakh crore, of which around 70% is for working capital requirement, says the report.
Sector’s capital expenditure is set to rise, but credit profile of domestic stainless steel manufacturers are expected to remain healthy in FY24, says Crisil
With the leverage level low at present, developers have headroom to borrow, which would keep their credit risk profiles stable, says CRISIL Research
The government’s ambitious manufacturing scheme has set the private capex in motion but economic outcomes will take their time coming.
Instances of rating upgrades by ICRA were over three times that of downgrades in H1 FY23
Gross NPAs of Indian banks are likely to improve 90 bps to 5% this fiscal on-year, says ratings agency CRISIL
Prices have plunged around 45% from the March 2022 peak to around $2,400 per tonne, driven by Chinese lockdowns and easing supply concerns.
The domestic formulations market is expected to grow 7-9% this fiscal.
Higher oil prices, slowing global demand for India’s exports, and elevated inflation have dragged India’s GDP growth lower, says Crisil.
Crisil expects the RBI to raise the repo rate by at least 75 bps this fiscal, on top of the 90 bps it has already done.