New Delhi, Feb 24 (IANS) India’s aviation industry is expected to cut net losses by one-third to Rs 110–120 billion in 2026‑27 as domestic passenger traffic growth will recover to 6–8 per cent, a report said on Tuesday.The report from ICRA said the current losses at Rs. 170–180 billion will see a huge cut as domestic traffic touches 175–179 million passengers in 2026-27.The international air passenger traffic growth for Indian carriers is expected to remain relatively stronger, aided…
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New Delhi, Feb 24 (IANS) The Indian commercial vehicle (CV) wholesale volumes reported a robust 27 per cent year-on-year (YoY) growth to 99,544 units in January, along with a sequential growth of 1.9 per cent over 97,682 units recorded in December 2025, a report showed on Tuesday.The year-on-year growth was primarily driven by the reduction in Goods and Services Tax (GST) rate to 18 per cent from 28 per cent, effective September 22, 2025 and was further supported by increased freight activity in…
New Delhi, Feb 22 (IANS) India’s capital expenditure saw a year-on-year contraction of 23.4 per cent in the third quarter of FY2025-26, a new report said on Sunday.The moderation in government spending is expected to slightly temper economic growth momentum during the quarter, although overall activity remains supported by festive demand and state-level capex expansion, data compiled by ICRA showed.However, state governments showed improved momentum. Data available for 24 states showed that th…
New Delhi, Feb 20 (IANS) Passenger vehicle retail sales rose 7 per cent in January (year-on-year) in India, while wholesale volumes rose 12 per cent to 4.5 lakh units, a report said on Friday.The report from ICRA said wholesale dispatches grew 14 per cent sequentially over December 2025, even as original equipment manufacturers (OEMs) ramped up production to cater to robust domestic demand.ICRA forecasts passenger vehicle wholesale volumes to expand 5–7 per cent in FY26, supported by sustained…
New Delhi, Feb 17 (IANS) India’s domestic passenger vehicle (PV) volumes are expected to grow 4–6 per cent in FY27 supported by sustained demand momentum, even on a high base, a report said on Tuesday.The report from ICRA said two‑wheeler volumes are projected to grow 3–5 per cent YoY, and commercial vehicle volumes by 4–6 per cent.Entry-level motorcycle demand continues to face pressure due to higher vehicle prices and affordability constraints at the lower end of the consumer pyramid…
Mumbai, Feb 11 (IANS) The Indian apparel (exports) sector has been upgraded to ‘Stable’ outlook from ‘Negative’ after the US reduced reciprocal tariffs on Indian goods to 18 per cent from 25 per cent, a report said on Wednesday.The report from ratings agency ICRA restored its outlook on the apparel sector, saying apparel export revenues are likely to rebound 8–11 per cent in FY27 even as shipments are still projected to decline 3–5 per cent in FY26.The report attributed revenue growth to rec…
New Delhi, Feb 7 (IANS) The India-EU Free Trade Agreement (FTA) eliminates duties and places Indian shipments on a level-playing field with key competitors such as Bangladesh and Vietnam, among other preferential trade partners, according to a new report.The agreement is expected to bring down EU import duties on Indian textiles to zero, addressing a longstanding tariff disadvantage that had limited India’s competitiveness in the region. The ICRA report notes that preferential access and lower…
Mumbai, Feb 6 (IANS) Global copper prices have surged nearly 40 per cent this fiscal (FY26), reaching around $13,000 per tonne by January 2026, driven by persistent mine-side supply disruptions, declining ore grades and inventory dislocations across exchanges, a report said on Friday.Ratings agency ICRA said in the report that tight supply conditions outside the United States and uncertainty around tariffs are expected to support prices in the range of $11,000–12,000 per tonne in H1 FY27.Howev…
Mumbai, Feb 6 (IANS) Indian auto component manufacturers are likely to enjoy more access to European markets with improved price competitiveness under the proposed India-EU Free Trade Agreement (FTA), a report said on Friday.The report from ICRA said that “tariff rationalisation and preferential access are expected to enhance pricing competitiveness and sourcing opportunities with European original equipment manufacturers (OEMs)”.The EU is a major automotive production hub and better trade terms…
New Delhi, Feb 3 (IANS) The 16th Finance Commission’s (FC) recommendations represent a decisive shift towards incentivising economic efficiency, strengthening local governance, improving fiscal transparency and reinforcing debt sustainability, while continuing to support higher capital spending by states, a report showed on Tuesday.The 16th FC retained the vertical devolution of Union taxes to states at 41 per cent of the divisible pool for FY2027–FY2031, in line with the 15th Finance Commis…