Pharma majors to see muted growth in FY24: ICRA
Growth will be supported by 8-10% expansion in domestic market and 6-8% growth in US market, the agency says
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Daily domestic air traffic touches all-time high at 4.5 lakh
Jyotiraditya Scindia says after Covid, the increasing number of domestic air travellers is a sign that India is going in the right direction
Domestic passenger traffic grows 21.4% in March: DGCA
ICRA has projected passenger traffic growth at 8-13% in FY24, post 55-60% expansion in FY2023, much higher than pre-Covid levels
Domestic EV segment to account for 14-16% of new three-wheeler sales by FY25: ICRA
The three-wheeler sales in the electric vehicle segment are estimated to rise to 35% to 40% by FY30 as the product gains more acceptance and financing-related challenges subside.
India’s GDP growth to decelerate to 6% in FY24 amid external slowdown: ICRA
In its latest economic outlook report, the ratings agency says the weak monsoon poses downside risk of up to 50 basis points (50 bps).
India Inc’s revenue up 17.2% in Q3 FY23: ICRA
However, sequentially the revenue growth was subdued at 1.4% due to inflationary headwinds weighing on consumer sentiments and an uneven sectoral trend.
India’s GDP to grow at 4.6% in Q3 FY23
India’s FY23 GDP forecast could see an upward revision from the current 6.8% towards 7%, says a report.
CNG, hybrid, EV to account for 20-30% of new vehicle sales in 5 years: ICRA
In terms of sales of diesel vehicles, the rating agency says that the stricter emission norms and the narrowing price gap between petrol and diesel has reduced the viability of diesel vehicles.
Capital expenditure of 18 states surges 2.2% in H1 FY23
The report says that there needs to be a whopping increase of 57% in the capital expenditure of these states to meet their FY23 budget target.
Dairy industry reels under input cost pressures; price hikes may continue: ICRA
More retail price hikes could follow in the backdrop of the current inflationary scenario, says ICRA.
