New Delhi, May 6 (IANS) Energy price spikes and supply constraints from the Middle East war are feeding into broader economic stress for India and marks the largest energy shock on record for India, a report said on Wednesday. The report from S&P Global India said India’s post‑COVID fiscal consolidation such as cutting the fiscal deficit from 9.2 per cent of GDP in FY2021 to 4.4 per cent in FY2025‑26 — now faces its toughest challenge. “The Middle East war represents the biggest test…
Latest Crisil Ratings News & Updates
New Delhi, April 25 (IANS) India’s commercial vehicle (CV) industry is expected to touch record volume of roughly 12.4 lakh units in fiscal 2027, surpassing the previous peak of fiscal 2019, a report said on Saturday.The industry posted a strong 13 per cent rebound in fiscal 2026, and the high base will lead to moderation in growth to 5–6 per cent in FY27, the report from Crisil Ratings said.Domestic demand will remain supportive, buoyed by infrastructure-led activity, steady replacement dem…
New Delhi, Feb 24 (IANS) India’s alternate airports, built to reduce pressure on crowded metro hubs, are expected to reach a combined annual passenger handling capacity of around 40 million by the end of 2026, a new report said on Tuesday.These airports are likely to play a crucial role in handling rising air travel demand as older airports in key metro regions operate close to their maximum limits, according to a report by Crisil Ratings.The report said that over the next four financial years…