Domestic Demand Recovery Remains Uneven, Reveals Report
However, a favourable monsoon scenario, easing inflation, and the ongoing monetary policy transmission of rate cuts are likely to act as key tailwinds for the economy
However, a favourable monsoon scenario, easing inflation, and the ongoing monetary policy transmission of rate cuts are likely to act as key tailwinds for the economy
CareEdge Ratings estimates bank credit growth in India to be in the range of 14-14.5 per cent in financial year 2024-25. In current financial year 2023-24, credit offtake is anticipated to close with a growth of around 16 per cent excluding the HDFC merger. According to the rating agency, the effect of the HDFC merger […]
An analysis by Care Edge Ratings shows that the demand for vehicles powered by traditional fuels is progressively shifting towards those that utilise alternative fuels. The share of petrol vehicle sales, as a percentage of total vehicle sales, has recorded a significant decline, decreasing from 86 per cent in 2020 to 76 per cent in […]
Retail inflation in India rose at its fastest pace in three months in November, largely due to a spike in food prices. The retail inflation or Consumer Price Index in November was 5.55 per cent. The October consumer price index (CPI) was at 4.87 per cent and 5.02 per cent in September. The retail inflation […]