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…
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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…
New Delhi, Jan 22 (IANS) The outlook on the Indian aviation industry is “stable,” driven by the anticipation of modest growth in domestic air passenger traffic in FY26, according to an ICRA report on Thursday.ICRA has revised its forecasts for the domestic air passenger traffic growth in FY26 to 0-3 per cent, reaching 165-170 million, lower than its previous expectations of 4-6 per cent on a YoY basis. This is attributed to cross-border escalations (that led to flight disruptions and cancell…
New Delhi, Jan 21 (IANS) India’s two-wheeler industry recorded a sharp rebound in December 2025 up 9.5 per cent year-on-year, supported by year-end demand, policy-led affordability improvements and improving macro conditions, a report said on Wednesday.Ratings agency ICRA said in the report domestic two-wheeler volumes is expected to grow 6–9 per cent year-on-year in domestic volumes during FY26, driven by recovery in replacement demand, urban consumption and stable rural incomes.“The reco…
New Delhi, Jan 20 (IANS) India’s transition to low-carbon green steel is to remain a gradual, long-term process as cost and technological constraints continue to hinder rapid decarbonisation, a report showed on Tuesday.Over the long term beyond 2030, green steel demand in India is projected to accelerate and will be driven by tightening ESG compliance norms, large end-user industries (automotive, infrastructure, capital goods, etc) striving to decarbonise their supply chains, and policy measur…
New Delhi, Jan 17 (IANS) India’s real GDP growth in FY27 is expected to be in the range of 6–7 per cent, supported by domestic consumption, interest rate cuts, and public capital expenditure, according to a new report.For budgetary analysis, ICRA used the NSO’s ‘First Advance Estimates’ of nominal GDP of Rs 357.1 trillion for FY26, reflecting a growth of 8.0 per cent, and its own estimate of Rs 392.0 trillion for FY27, implying nominal GDP growth of around 9.8 per cent.The rating agenc…
New Delhi, Jan 3 (IANS) Traffic and toll collection growth is expected to improve to 5-9 per cent in FY26, which will drive stability in the toll road sector through FY27, a new report has said.The report from ICRA said that the outlook on the toll road sector remains stable, paving the way for sustained growth.“On the back of benign WPI inflation, the inflation-linked toll rate hike is projected at around 3.2 per cent for newer projects and 1.6 per cent to 2 per cent for older projects in FY2…
New Delhi, Jan 2 (IANS) India’s natural gas consumption is expected to grow by 3-4 per cent (year‑on‑year) in FY27, following near‑term moderation in FY26, driven by lower offtake from fertiliser, power and refineries, a new report has said.The latest report from ICRA forecasts a rebound next year led by recovery in industrial offtake and continued expansion of the City Gas Distribution network, which will position natural gas as a focal point in India’s evolving energy narrative.Natur…
Mumbai, Jan 2 (IANS) Domestic passenger vehicle (PV) wholesales rose around 26 per cent year‑on‑year to almost 4,05,000 units in December, driven by sustained demand after the goods and services tax (GST) rationalisation in September and year-end discounts offered by companies.Buyers also advanced purchases ahead of automakers’ January price hikes which led to the robust surge. For calendar year 2025, wholesales climbed 5.7 per cent year‑on‑year to a record high of roughly 4.55 million…