New Delhi, May 15 (IANS) India requires nearly Rs 80 trillion in urban infrastructure investment by 2037 to support rapid urbanisation and economic growth, a report said on Friday.The report from credit ratings agency Brickwork Ratings (BWR) said that urban areas are expected to contribute nearly 70 per cent of India’s GDP by 2036, making sustainable urban financing a national priority.The report said that the central government’s Rs 1 trillion scheme, the Urban Challenge Fund (UCF), represe…
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New Delhi, April 17 (IANS) India’s logistics sector is projected to touch $362 billion by FY30 from $246 billion in FY25, growing at a CAGR of 8 per cent over rising consumption, expanding trade, as well as cost optimisation and efficiency gains from key government schemes, a report said on Friday.The report from Brickwork Ratings projected freight volume to exceed 7,100 million tonnes by FY30 from roughly 5,000 tonnes in FY24, at a CAGR of 6.1 per cent.“Manufacturing, construction, e-commer…
Mumbai, Jan 28 (IANS) Indian banks are expected to witness credit growth at about 10–12 per cent compound annual growth rate (CAGR) over the next five years, higher than deposit growth of roughly 9–11 per cent, a report said on Wednesday.The report from Brickwork Ratings said credit‑to‑deposit ratios are likely to remain in the high‑70s to low‑80s range unless a major structural shift occurs. The rating agency said that retail, MSME and services will be key drivers of credit growth w…