The industry revenues pegged to grow at 6 to 9 per cent in FY2025 amid a competitive pricing environment, says Icra
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After witnessing healthy growth in the calendar year 2021 (CY21) and CY22, global apparel trade declined by around 7 per cent to USD 520 billion in CY23 amid inflationary pressures and destocking by customers and retailers
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Revenues are estimated to increase by 9 to 11 per cent from the US market and 7 to 9 per cent each from the European and the domestic markets in FY2025
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After considering the ethanol diversion of 4 million metric tonne (MMT), net sugar production is likely to decline to 29.3 MMT
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Driven by the stable demand and the discounts being offered by the original equipment manufacturers (OEMs), retail sales remain steady
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Icra projects gross domestic product (GDP) and gross value added (GVA) growth at 7.0 per cent and 6.7 per cent in FY2025, aided by a pickup in H2 owing to tailwinds
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As far as the polished prices are concerned, they have been declining since April 2022 following a demand slack, dropping to an all-time low in August 2024
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Consensus-building among impacted states remains the biggest roadblock for river-linking projects to gain traction, says Icra
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The report by Icra has stated that excess rains in August 2024 impacted the mining activity, cooled off power demand and likely weighed on retail footfalls in the month
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The status of road awards in the first four months of the current financial year (4M FY25) is 50 per cent lower than the 1125 km awarded in 4M FY2024.
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