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Articles for ICRA

Tepid Capex In H1 Limits Risk Of Fiscal Deficit Overshoot In FY25

The centre's fiscal deficit narrowed to Rs 4.7 trillion in H1 FY2025, amid a healthy uptick in revenue receipts, a modest rise in revex and a contraction in capex

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Economic Growth Momentum To Accelerate In H2FY25: Icra

Despite a pick-up in economic activity in September 2024, GVA growth to record an intermittent dip in Q2FY2025, doused by excess rainfall

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Slow Project Awarding, Tight Financing Remain Key Challenges For MCE Sector In FY25

Rating agency Icra says that the sales volume likely to decline by 5 to 7 per cent in the current fiscal

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Cement Prices Decline By 10% YoY in H1 FY25: Report

Icra has expected the volumes to grow by 7-8 per cent to 455-460 million metric tonne in financial year 2025 (FY25

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State Govt Capex To Rise By 13% In FY25, While Trailing BE: Report

Rating agency Icra says that leverage (debt and guarantees) level is likely to rise to 30.0 per cent of gross state domestic product (GSDP) in FY2025 from 29.2 per cent of GSDP in FY2024

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India's MCE Sector To Expand By 70-80% In Next 5 Years

"With a potential of becoming a USD 25 billion market in annual revenues, this could mean approx. USD 3 billion in forex savings annually," says Icra

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Construction Entities To Post Strong Revenue This Fiscal

Aggressive competition amongst players will constrain margin recovery, despite healthy revenue growth expectations

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Securitisation Volumes Likely To Reach Rs 60,000 Cr In Q2FY25: Icra

Large ticket transactions by private sector banks led to the steep growth in overall securitisation volumes for Q2FY25, says Icra

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Ethanol Blending Likely To Reach Its 20% Mark In ESY25: Report

India achieved an ethanol blending ratio of 15.80 per cent in July 2024 while the cumulative ethanol blending from November 2023 to July 2024 stood at 13.3 per cent

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GST Compensation Cess Needs New Purpose Post-2026: Icra

The GST compensation cess was initially imposed on specified items in July 2017, for a period of five years

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