New Delhi, April 17 (IANS) India’s logistics sector is projected to touch $362 billion by FY30 from $246 billion in FY25, growing at a CAGR of 8 per cent over rising consumption, expanding trade, as well as cost optimisation and efficiency gains from key government schemes, a report said on Friday.The report from Brickwork Ratings projected freight volume to exceed 7,100 million tonnes by FY30 from roughly 5,000 tonnes in FY24, at a CAGR of 6.1 per cent.“Manufacturing, construction, e-commer…
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New Delhi, March 21 (IANS) India’s overall economic position remains stable despite rise in fuel prices, and crude oil prices will be crucial in shaping the country’s external balance in FY27, a report said on Saturday.A sustained rise in global crude oil prices could widen India’s current account deficit (CAD), the report from Brickwork Ratings said.Rising crude prices are likely to weigh on growth and inflation, the report said, adding that India’s CAD is estimated at 1.3 per cent of G…
Mumbai, Jan 28 (IANS) Indian banks are expected to witness credit growth at about 10–12 per cent compound annual growth rate (CAGR) over the next five years, higher than deposit growth of roughly 9–11 per cent, a report said on Wednesday.The report from Brickwork Ratings said credit‑to‑deposit ratios are likely to remain in the high‑70s to low‑80s range unless a major structural shift occurs. The rating agency said that retail, MSME and services will be key drivers of credit growth w…
New Delhi, Jan 20 (IANS) India’s banking and non-banking financial companies (NBFCs) showed improved financial resilience on the back of comfortable capital including buffers, stabilising asset quality, and profitability, a report said on Tuesday.The report from domestic credit rating agency Brickwork Ratings said that scheduled commercial banks reported capital adequacy ratios (CAR) well above the minimum regulatory requirements, with system-wide levels around 17 per cent.CAR is the measure o…