Crisil Cuts FY23 Growth Projection For India To 7%
Icra saw the economy growing at 6.5 per cent for the second quarter.(File)Mumbai: Rating agencies Crisil and Icra on Monday revised down their India growth projections for the current fiscal…
India’s Policy Rate Hike Cycle To Be Shallower Than US: Ratings Body
ICRA has said that RBI’s policy rate hike cycle may be shallower than USNew Delhi: Given the uneven domestic economic recovery, and a relatively larger output gap compared to pre-Covid…
Third-Party Insurance Rate Hike For 2-Wheelers Unlikely To Impact Demand: ICRA
Third-party insurance premium rates have been hiked between 15-20 per cent.Mumbai: The upward revision in the third-party insurance premium for two-wheelers, which has come into force from June 1, is…
GDP Growth In March Quarter Of 2021-22 May Have Slowed: ICRA
ICRA has said that economic growth may have slowed in March quarter of 2021-22Mumbai: The economic growth may have slowed to 3.5 per cent in fourth quarter of 2021-22 from…
Government’s Tax Devolution May Exceed Budget Estimate In Current Fiscal: Report
Government’s tax devolution may exceed budget estimate in current fiscalMumbai: Tax devolution by the central government is likely to exceed the budget estimate by at least Rs 1.1 lakh crore…
Domestic Air Traffic Rose In 2021-22, Yet 40% Lower Than Pre-Pandemic Level: ICRA
Domestic air passenger traffic rose in 2021-22Mumbai: India’s domestic air passenger traffic is estimated to have grown by around 59 per cent year-on-year to 84 million in 2021-22, although it…
Logistics Sector May Grow By 7-9% In 2022-23: ICRA
Logistics sector is set to grow by 7 to 9 per cent in current fiscal, a report by ICRA has saidMumbai: The logistics sector is projected to record a growth…
Bank Credit Growth May Touch 10% In Current Fiscal, Says ICRA
Bank credit growth may rise in the current fiscal, ICRA has saidMumbai: The outlook for banks is expected to be stable amid improvement in credit growth of 8.9-10.2 per cent…
RBI Likely To Maintain Status Quo On Key Rates To Support Growth: Experts
Experts have said that RBI’s monetary policy committee may keep key rates unchangedMumbai: The Reserve Bank of India (RBI) is likely to maintain status quo on interest rates in its…
Widening Current Account Deficit Could Impact Growth In 2022-23: ICRA
Rating agency ICRA has cautioned that widening current account deficit could impact growthMumbai: Rating agency ICRA has cautioned about serious risks to the Indian economy in the next financial year…