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…
Latest ICRA News & Updates
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…
New Delhi, Jan 1 (IANS) The Indian construction sector is projected to see 8-10 per cent revenue growth in FY27 — marginally better than the 6-8 per cent growth anticipated for FY26, a report showed on Thursday.ICRA also maintained a ‘Stable’ outlook on the domestic construction sector.“Road-focused construction entities will continue to see muted performance; however, construction entities focused on urban infrastructure, irrigation and energy segment should register healthy growth,” s…
New Delhi, Dec 31 (IANS) The government’s total fertiliser subsidy outgo is expected to remain substantial at around Rs 1.9 lakh crore in FY27, marking a major fiscal commitment to ensure affordability and availability of fertilisers, a report said on Wednesday.The report from ICRA forecasted that fertiliser sales volumes will grow at a steady 1 per cent to 3 year-on-year rate in FY27, broadly in line with long-term trends.The data showed that the higher Nutrient‑Based Subsidy rates for the Ra…
New Delhi, Dec 30 (IANS) India’s cement industry is projected to record a 6-7 per cent growth in volumes in FY27, supported by sustained demand from housing and infrastructure sectors — after a 6.5-7.5 per cent rise in FY26 (on a higher base in H2 FY25), a report showed on Tuesday.The industry is expected to add 42-44 million MTPA capacity in FY27, after 43-45 million MTPA capacity addition in FY26.Rating agency ICRA said that cement demand remains strong, with volumes expanding by 8.5 per ce…
New Delhi, Dec 29 (IANS) Factors like India-Pakistan conflict in May, deadly Air India crash in June, flight cancellations earlier this month due to severe IndiGo crisis and the rupee depreciation against US dollar can result in Rs 170-Rs 180 billion loss to the Indian aviation industry this fiscal (FY26), higher than the earlier projections of Rs 95-Rs 105 billion, a report showed on Monday.ICRA has revised its forecast for domestic air passenger traffic growth to 0-3 per cent in FY26 against i…
New Delhi, Dec 29 (IANS) Healthy gains in manufacturing and mining suggest that underlying industrial momentum is strengthening in India, potentially supporting broader economic performance in the near to medium term, industry leaders and economists said on Monday.The Index of Industrial Production (IIP) registered a record high growth of 6.7 per cent (quick estimate) in November, compared to 5 per cent in the same month last year, “driven by notable deceleration in the manufacturing and mining …
New Delhi, Dec 29 (IANS) The business outlook for the Indian hospital industry remains positive, with its revenue expected to grow 18-20 per cent in FY2027, a report said on Monday.According to the report by credit rating agency ICRA, the sector’s growth, based on a sample set of 11 leading listed hospital companies, is supported by sustained high occupancy and healthy average revenue per occupied bed (ARPOB).In FY2026, the Indian hospital sector grew 16-18 per cent, reflecting expectations of…
New Delhi, Dec 29 (IANS) The proposed amendments to the Insolvency and Bankruptcy Code (IBC) such as introduction of group insolvency, cross-border insolvency and creditor-initiated insolvency are encouraging as they could boost recovery rates which been persistently low due to the lengthy resolution process, according to a report released on Monday.The strengthening of NCLT and NCLAT manpower along with other legal reforms are expected to reduce the burden on the judiciary, according to the ICR…
New Delhi, Dec 27 (IANS) India’s real GDP growth is projected at 7.4 per cent for FY26, up from 6.5 per cent in FY25, a report has said, highlighting seasonal pick up in electricity, mining and construction sectors.The report from ICRA said that growth is expected to ease below 7 per cent in H2 FY26 from 8 per cent in H1 because of an unfavourable base effect and moderation in exports.The report expects a pause in the February 2026 policy review by the RBI, with future decisions to be guided b…