India’s GDP growth seen moderating to 6% in Q3FY24
GVA growth to ease to 6% in Q3 from 7.4% in Q2; ICRA's growth projections lower than RBI’s estimates of 6.5%
GVA growth to ease to 6% in Q3 from 7.4% in Q2; ICRA's growth projections lower than RBI’s estimates of 6.5%
The agency projects the rental income for mall operators to increase by 9-10% year-on-year (YoY) in FY24 and a slightly lower 8-9% in FY25.
Growth will be led by demand for elective surgeries, and a higher preference for large hospital players, says ICRA
Around 50% of long-haul trucks sold in India come without cabins.
The optimism is driven by healthy occupancy levels, estimated growth in trading values and rental escalations.
A revival in earnings is expected in line with a pause on interest rate hike by the RBI, which is going to result in the improvement of interest to 4.5-5.0 times in Q3 FY24
The agency points out that in the absence of Cabinet approval of revised project cost, highway contract awards is suffering.
Domestically, growth indicators point towards a steady uptick, though concerns about global growth remain, says SBI Research
Ratings agency maintains FY24 GDP growth estimates at 6%, lower than MPC’s projection of 6.5% for the fiscal
The agency estimates pan-India premium hotel occupancy at around 70-72% in FY24, after recovering to 68-70% in FY23.