New Delhi, April 15 (IANS) India’s wholesale price inflation (WPI) saw a rise in March, driven largely by higher global energy prices amid geopolitical tensions in West Asia, according to economists on Wednesday.Rahul Agrawal, Senior Economist at ICRA, said that the uptick was broad-based, with crude petroleum and natural gas, along with fuel and power.”Notably, these two groups together accounted for 150 basis points of the 175 basis points uptick in the headline print in March 2026 relative …
Latest ICRA News & Updates
New Delhi, April 10 (IANS) Strengthening India’s real estate insolvency framework needs a fundamental shift from entity‑level resolutions to a project‑centric model that prioritises completion and delivery of homes, a report said on Friday.The report from ICRA called for strengthening coordination between the Insolvency and Bankruptcy Code, 2016 and the Real Estate (Regulation and Development) Act, 2016 to achieve this transition.The Committee on Framing Guidelines for Insolvency Proceedings…
New Delhi, April 3 (IANS) The passenger vehicle industry in India is estimated to report wholesale volume growth of around 7-9 per cent in FY26, supported by strong festive demand, GST rate cuts and multiple new model launches, a report showed on Friday.The growth is expected to moderate to 4-6 per cent in FY2027, largely due to the high base and evolving macroeconomic conditions, according to credit rating agency ICRA.The report expects growth across India’s passenger vehicle (PV) and tractor…
New Delhi, March 30 (IANS) India’s GDP growth is expected to moderate to 6.5 per cent in FY2027 because of elevated crude oil prices and concerns around energy availability, a report said on Monday.The report from ICRA said CPI inflation is expected to trend higher at 4.3 per cent in FY27, up from 2.1 per cent in FY26.The RBI Monetary Policy Committee is likely to keep policy rates on pause for an extended period even as growth moderates, it predicted.The Reserve Bank of India may continue to …
New Delhi, March 27 (IANS) India’s gold market is shifting toward investment‑driven demand as high prices weigh on jewellery consumption, a report said on Friday.The joint report from ICRA and Assocham said that India’s gold jewellery demand declined about 26 per cent year‑on‑year in the first half of FY26, with a 15 per cent rise in demand for bars and coins partly offsetting the dip.Global gold jewellery consumption fell 15 per cent in FY25 and a further 17 per cent in the first half o…
New Delhi, March 27 (IANS) India’s automobile sector growth is likely to moderate in FY27 after a strong, policy‑led expansion in FY26, with demand having benefited from GST cuts, improved affordability and resilient economic activity, a report said on Friday.The report from ICRA said GST changes primarily drove the demand, by improving affordability in two‑wheelers and enhancing fleet economics in commercial vehicles.The commercial vehicle segment led the upcycle aided by GST rate cuts, h…
New Delhi, March 24 (IANS) Jal Jeevan Mission 2.0 will lead to Rs 3 lakh crore of operations and maintenance opportunities as the programme shifts from building infrastructure to ensuring that the connections are sustainably operated and maintained, a report said on Tuesday.The report from ICRA said the mission’s total outlay more than doubled to Rs. 8.69 lakh, and the shift to service-delivery model will support Engineering, Procurement, and Construction (EPC) sector.Further, the extended tim…
New Delhi, March 13 (IANS) The outlook for India’s sugar sector remains stable with comfortable domestic demand–supply dynamics even as global sugar prices have declined sharply due to surplus supply from Brazil, a report said on Friday.According to ICRA, international sugar prices in the 2026 sugar year have remained below current production costs and domestic price levels, largely due to higher global output.Global sugar production for SY2025–26 is estimated at about 189.3 million metric…
New Delhi, March 3 (IANS) The domestic hospitality industry is likely to post sustained healthy performance in FY26 as revenues projected to grow 9–12 per cent year-on-year (YoY), a report said on Tuesday.This will be supported by steady domestic leisure travel, MICE activity, weddings and resilient corporate demand, according to the ICRA report.The report noted that the growth outlook remains favourable despite the high base of FY25.The rating agency has projected average room rates (ARRs) to…
New Delhi, March 1 (IANS) The developer of Covid-19 vaccine Covaxin, Bharat Biotech is considering an initial public offering that could raise over $500 million, according to sources cited by multiple reports.Discussions are underway including key aspects of the proposed share sale, including size and timing, they said.Bharat Biotech plans Rs 200–250 crore of capital expenditure in FY26 for a large vaccine manufacturing facility being developed under Sapigen Biologix Pvt Ltd in Bhubaneswar, Od…