The commercial real estate outlook in India presents a varied scenario across different segments, as per a report by rating agency ICRA. The retail mall operators and warehousing sectors are experiencing growth driven by strong consumption trends. However, the office segment, while resilient, is facing a slowdown in leasing from technology-based sectors due to global […]
In the fiscal year 2023, the domestic paper industry experienced robust growth of 42 per cent in revenue, primarily propelled by augmented realisations, notably within the printing and writing paper (PWP) segment. However, as the industry navigates through FY2024, shifts in market dynamics have prompted a reassessment of expectations. According to rating agency Icra analysis, […]
As India’s current account deficit (CAD) narrowed to a lower-than-expected USD 8.3 billion in Q2 FY2024, the higher trade deficit is likely to push CAD sharply to USD 18 to 20 billion in Q3 FY2024, the rating agency Icra has said. Although India’s CAD narrowed slightly on a QoQ basis in Q2 FY2024, the sharp […]
The rating agency Icra expects the margin for tea estates based out of North India (NI) to be significantly impacted in FY2024 due to the double whammy of increase in the cost of production, following the wage rate hikes in West Bengal and Assam and the drop in realisation due to the low export demand […]
As per a recent note on the Indian jewellery retail industry, Icra has revised upwards its forecast of the year-on-year (YoY) domestic jewellery consumption growth (in value terms) for FY2024 to ten to 12 per cent from eight to ten per cent estimated earlier, primarily driven by the rise in gold prices. Jewellery consumption is […]
The rating agency Icra expects the rental income for mall operators to increase by nine to ten per cent year-on-year (YoY) growth in FY2024 and eight to nine per cent in FY2025, driven by healthy occupancy levels, estimated growth in trading values and rental escalations. In H1 FY2024, the rental income for Icra’s sample set1 […]
The rating agency Icra has said that the shift in the festive calendar boosted year-on-year (YoY) growth in economic activity to a 13-month-high of 13.3 per cent in October 2023. The Icra business activity monitor- an Index of high-frequency indicators revealed that this improvement was largely driven by a shift in the festive calendar in […]
The rating agency Icra expects its sample companies to report a 7 to 8 per cent YoY increase in revenues to Rs. 215 billion for FY2024, with an expected recovery in demand conditions and restocking by big retailers from the US market to realign their inventory levels. The four listed home textile companies in Icra’s […]
Based on preliminary trends for July to August 2023, the rise in crude oil prices, the merchandise trade deficit is projected to widen on a QoQ basis to USD 69 to 71 billion in the ongoing quarter, from USD 56.6 billion in Q1 FY2024, said the rating agency Icra in a report. Nevertheless, it is […]
The rating agency Icra in a report has said that apparel exports are expected to improve from H2 FY2024, on the back of expected demand recovery in the United States (US) and European Union (EU) regions. The rating agency expects its sample companies to report a mild two to three per cent year-on-year (YoY) revenue […]
