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…
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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…
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…