As a result, despite a projected 10-15 per cent growth this fiscal, the industry is expected to fall back to the FY18 level owing to negative growth of 30 per cent last fiscal
March-May 2021 was a particularly good period for Indian formulators due to exceptional demand for drugs amid the second wave of Covid-19 infections.
Small and medium enterprises (SMEs), which account for 60-65 per cent of the health care delivery market, stand to benefit
The increasing desire for personal mobility is driving passenger vehicle and two-wheeler sales growth.
MSMEs, which account for 90-95 per cent of re-rollers, were hit harder by the pandemic
The first quarter bore the impact of lockdowns imposed by states to contain the second wave of infections
As things stand, SMEs account for 35-45 per cent of the roads and highways sector overall
Growth mainly on account of recovery in domestic demand and higher realisation due to a rise in the prices of chemicals
SMEs have been gradually adopting robotic process automation technologies such as chatbots, to transition from pure voice services to non-voice-based ones
Leather exports plummeted in the first quarter, following lockdowns and restrictions in importing nations.
Competition from large players, exposure to business cycles, and high working-capital intensity are key risks in the EPC segment
With the working capital cycle stretched, financially weaker hospitals may have to resort to short-term loans to stay afloat.
A moderate demand revival is expected in the second half of this fiscal, led by improving auto sales and pick-up in construction activity.
Small and medium enterprises (SMEs), which make up a third of the sector, have been badly hit.
The sector is expected to contract by 35-40 per cent in value terms in FY21, as both domestic and export demand get impacted by the Covid-19 pandemic
Shipbreaking volumes are expected to remain under pressure in the current fiscal year too
Exports constitute more than 85 per cent of the industry's revenue, and due to Covid-19 induced slowdown around the world, they are at risk
CRISIL Research expects their revenue to decline 30-35 per cent in FY 2021
Exports, which account for 55 per cent of the pie, are likely to decline by 3 per cent due to lower demand from key importing nations such as the US, Brazil and France
The extended lockdown to stem the spread of the Covid-19 pandemic has disrupted supply chains and hampered factory operations.