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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Due to uncertainty around the entire absorption of Rs 1.5 trillion interest-free capex loan to the state government and monsoon disruptions, Icra states that achieving the targets for this fiscal is going to be an ambitious task
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The government’s continued infrastructure push and adequate order book position will result in double-digit revenue growth (12 to 15 per cent) for the Indian construction sector in FY2025e
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After a healthy financial year (FY) 2024, the pan-India premium hotel occupancy is expected to be in a range of 70 to 72 per cent for the year and the average room rates (ARRs) are likely to increase to Rs 7,800 to 8,000 in FY25
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The domestic demand growth to outpace exports, supported by a recovery in demand from downstream segments
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The government is likely to temper down its borrowing compared to the amount pencilled in the interim budget estimates, depending on the magnitude of reduction in the fiscal deficit number
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The Icra report underscores the critical fiscal strategies that state governments are likely to adopt, influenced by revised tax devolutions and increased capex loans
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The rupee depreciation and spiking freight costs due to logistical challenges worsened the price increase
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Rating agency Icra says, the operating profit margin for India Inc is likely to remain steady at 15 to 18 per cent in Q1FY2025
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