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.
With elevated coal costs, the profitability of domestic entities would be adversely impacted, primarily for power-intensive metals such as aluminium and zinc.
SBI Research says India’s GDP could grow at 15.7% in the June quarter, while ICRA thinks the economic growth is projected to spike to a four-quarter high of 13%