Latest CareEdge Ratings News & Updates

India’s Petrochemical Consumption Growth Expected to Remain Strong

By

New Delhi, Dec 29 (IANS) India’s petrochemical consumption growth is expected to remain robust at 6-7 per cent per annum in the medium term, driven by economic expansion and downstream product demand, according to a report released on Monday.Against this backdrop, reducing reliance on imports is viewed as a key strategic aim. Consequently, both public and private-sector companies have developed aggressive plans to increase their petrochemical capacity, said the CareEdge Ratings report.Polyprop…

India’s GDP Growth Expected to Reach 7.5% in FY26 and 7% in FY27: Report

By

New Delhi, Dec 22 (IANS) India’s GDP growth is expected to grow 7.5 per cent in FY26 and 7 per cent in FY27, a report said on Monday, adding that 8.3 per cent nominal GDP growth is likely this fiscal.The report from CareEdge Ratings said that healthy FY27 growth is supported by a possible US‑India trade deal, low inflation, low interest rates and tax relief.Further, the optimistic capex outlook, as evidenced by the strong order books of the capital goods companies, also bodes well for the inve…