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The report 'Southwest Monsoon 2024 - Update', asserted that the GVA growth of agriculture, forestry and fishing will improve to 3.2 per cent in the current financial year 2024-25 from 1.4 per cent in 2023-24
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Icra anticipates that achieving the RPO target of 43.3 per cent by FY2030 will require more than doubling the current renewable energy capacity of 200 GW, to meet future demand
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The forecast is due to ongoing challenges driven by reduced discretionary technological spending amidst persistent macroeconomic uncertainties in key markets, particularly the US and Europe.
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Icra estimates that the securitisation volumes originated by the housing finance companies (AHFCs) had improved to Rs 6,900 crore in FY2024 from Rs 5,300 crore in FY2023
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India’s gas consumption, after witnessing headwinds in FY23 owing to the elevated LNG prices, recovered sharply to 187.9 million metric standard cubic meters per day
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As of 26 July 2024, the cumulative area sown under kharif crops has increased by 2.3 per cent year-on-year (YoY) basis
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The current account deficit is likely to remain manageable and comfortably financed, following the inclusion of Indian government securities (G-secs) in the JP Morgan Government Bond Index (GBI)
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Nine of the 16 indicators witness a deterioration in their year-on-year growth performance in June 2024 compared to May 2024
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Due to strong consumer-led demand, the report also estimates the absorption to increase from 37 million square feet in FY24 to 47 million square feet in FY25
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Icra expects the Indian aviation industry to report a similar net loss of Rs. 30 to 40 billion in FY2025 as seen in FY2024, which is significantly lower than the level of Rs. 170 to 175 billion in FY2023
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