Icra reports that even though the domestic wholesale volumes reported moderation on a YoY basis, they were steady at 3.4 lakh units in July 2024
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The Indian MCE industry imports nearly 50 per cent of its component requirement (by value) from suppliers based out of China, Japan, and South Korea, among others
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The Centre has been adjusting allocations, inviting applications and refining schemes to increase the incentive disbursement across all sectors, Icra mentioned in its report
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As per Icra, the price of the Indian basket of crude oil fell by around 7.6 per cent on a month-on-month basis from 1 to 12 August 2024, which is a positive sign as far as the WPI inflation print for the month is concerned.
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The outlook on power distribution segment remains negative as losses continue to remain high in a few large states, says Icra
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The credit profiles of the companies in the Indian active pharmaceutical ingredients (API) industry are expected to remain stable, as per the report by Icra
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Icra states that with the elevated aviation turbine fuel (ATF) prices and the depreciation of the Indian rupee, the improvement in yields is likely to remain monitorable
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The rating agency has pointed towards the issues in the labour market such as low levels of formalisation, high unemployment rates among educated youths and low levels of growth in the creation of salaried jobs.
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Recently, the Centre notified about the reduction of import duties on gold bars from 15 per cent to six per cent during the presentation of the union budget for the financial year 2025
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Icra expects a relatively moderate 5 to 7 per cent volume contraction in FY2025 and the construction sector gross value added (GVA) to expand by 7 to 7.5 per cent
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