India Ratings And Research

India to grow 6.6% in FY26, driven by investments, easing rates: Ind-Ra

India Ratings and Research (Ind-Ra) on Wednesday projected the Indian economy to grow at 6.6 per cent in 2025-26, up from 6.4 per cent in the current fiscal year. Ind-Ra believes investments will be a key growth driver for the Indian economy in FY26, like in FY22 and FY24. The Indian economy has experienced a cyclical growth slowdown in the past three quarters, which it expects to reverse from the December quarter. The GDP growth till FY24 was impacted by the aftereffects of Covid-19, even the base effect impacted the quarterly GDP growth. While the June quarter GDP growth of FY25 was impacted by the combination of a strong base effect and the general elections in May 2024, the growth in the July-September period witnessed the extended impact of weak private sector capex. Ind-Ra believes that the Indian economy is facing monetary, fiscal, and external tightening. While it expects monetary conditions to ease now, the fiscal and external tightening is expected to continue in FY26 as

India Ratings raises sovereign GDP growth estimate for FY25 to 7.1%

India Ratings and Research on Monday revised upward the country's GDP growth estimate for FY25 to 7.1 per cent from 6.5 per cent earlier. The projection is marginally higher than the Reserve Bank's estimate of 7 per cent. In a statement, the domestic rating agency said strong support from the sustained government capex, deleveraged balance sheets of corporate and banking sector, and the incipient private corporate capex cycle make it revise its estimate. It said that factors that may constrain growth include consumption demand not being broad based and the headwinds faced by exports due to sluggish growth globally. The agency said it expects the growth in private final consumption expenditure to jump to 7 per cent in FY25, up from 3 per cent in FY24, and added that this will be a three-year high. "Current consumption demand is highly skewed, as it is driven by the goods and services largely consumed by the households belonging to the upper income bracket," it said, adding that rur

India could be in upper-middle income category over FY33-FY36: Ind-Ra

The rating agency reported that India would reach to a $15 trillion economy over financial years 2043-2047

India Ratings revises GDP growth estimate for FY24 to 6.2% from 5.9%

India Ratings and Research on Wednesday upwardly revised its FY24 real GDP growth estimate to 6.2 per cent from the 5.9 per cent expected earlier. The domestic ratings agency attributed its revision to a variety of factors, including the government's capital expenditure, deleveraged balance sheets of India Inc and banks, subdued global commodity prices and the prospect of private capital expenditure picking up. India Ratings, however, also flagged some constraints on Gross Domestic Product (GDP) growth in the current fiscal year before the general elections, including a slip in global growth, which has hit Indian exports, tighter financial conditions upping cost of capital domestically, a deficit monsoon, and tepid manufacturing growth. "All these risks will continue to weigh and restrict India's GDP growth to 6.2 per cent in FY24, and the quarterly GDP growth, which came in at 7.8 per cent in the June quarter, is slated to slow down sequentially in the remaining three quarters of .

Indian companies to see higher interest burden in FY24 against FY22: Report

India Ratings & Research also expects the cost of debt to increase across different categories irrespective of the size of the firms

Ind-Ra upgrades issuer rating for Bank of India, cites capital position

State-owned lender has since FY21 reported consistent profitability, says agency

S&P cuts India's growth forecast for FY23 to 7.3%, sees inflation at 6.3%

The rating agency assumes that the Russia-Ukraine conflict is more likely to drag on and escalate than end earlier, pushing the risks to the downside

India Ratings slashes India's FY23 GDP forecast to 7%-7.2% from 7.6%

Ind-Ra's India GDP forecast cut comes a day after ICRA Ltd cut its FY23 growth forecast to 7.2 percent from 8 percent

Ind-Ra upgrades Vedanta's long-term issuer rating to 'AA'; outlook stable

India Ratings and Research (Ind-Ra) on Tuesday said it has upgraded mining giant Vedanta Limited's long-term issuer rating to 'AA' with a stable outlook.

Ind-Ra to disclose more ESG notes on ratings from January 2022

These disclosures will be part of rating action commentaries for all entities having listed securities, says the rating agency

Tightening of norms may increase NBFCs' headline NPAs by one third: Ind-Ra

Tightening of norms may increase non-banking finance companies' (NBFCs) headline non-performing advances (NPA) by around one third, India Ratings and Research (Ind-Ra) said.

Ind-Ra maintains stable outlook for H2FY22 on domestic steel sector

Higher coking coal prices could moderate per-tonne EBITDA margins, but absolute EBITDA is likely to be adequately compensated by robust sales volumes and elevated price levels

Merchandise exports to grow 6.9% year-on-year in 2021-22: India Ratings

Some of the major export destinations for India's top-10 commodities, such as the US and parts of Europe, are expected to see strong import growth in 2021

MFI sector's credit cost seen at 5-10% in FY22: India Ratings and Research

India Ratings and Research revised upwards its credit cost estimate for microfinance institution (MFI) sector to 5-10 per cent in the current financial year compared to earlier 3-6 per cent

No non-competing clause may prove a hurdle for pvt train operators: Ind-Ra

Could amplify cash flow risks for investors

Jio's post-paid plans indicate shift towards higher ARPU regime: Ind-Ra

Reliance Jio recently-announced post-paid plans indicate the telco's continued steps towards improving the industry-level average revenue per user, according to India Ratings and Research

Print media revenue to fall by a fourth this year on massive Q1 hit: Ind-Ra

Revenue was two-third lower year on year in June quarter for major players, with 76% plunge in ad revenue, 32% in circulation

Ind-Ra cuts banking outlook to negative on rising NPA, credit cost

As per Ind-Ra's bear case, the spike in stressed assets due to pandemic is expected to double the credit costs for banking system

EBITDA margin of Print Media to shrink by 10% in FY21: India Ratings

India Ratings and Research on Friday opined that the overall 'EBITDA' margin of print media players are likely to shrink 10 per cent on a year-on-year basis in FY21

Eveready up 3% as India Ratings upgrades long term credit to 'IND BB+'

The upgrade reflects EIIL's improved liquidity position aided by deleveraging in 2HFY20, coupled with sustained profitability in FY20, India Ratings said in a press release