As much as 85-90 per cent of the production by the Indian leather apparel and accessories industry is exported. Europe and North America account for 75 per cent of this.
After 2018, wind capacity additions slowed in India and one of the key reasons for this slowdown was the shortage of wind sites with high generation potential.
The Indian media and entertainment sector may log revenue growth of 12-14 per cent on a yearly basis to about Rs 1.6 lakh crore during the financial year 2023-24 (April-March), against the expected 16 per cent growth in the current financial year ending March 2023.
Elevated commodity prices, rising government and private sector spending on infrastructure, as well as investments under production-linked incentive (PLI) schemes, have resulted in strong growth.
Revenue of organised gold jewellery retailers, which had spurted 36 per cent last fiscal on a low base of the pandemic-induced financial year, is expected to grow 23-25 per cent in 2023 largely due to pent-up demand and recovery in discretionary consumer spending, said rating agency CRISIL.
Agrochemicals sector is expected to grow at 15-17 per cent current financial year after a stellar 23 per cent growth logged last fiscal, primarily driven by continued strong exports and stable domestic demand, said rating agency Crisil.
A decline in exports in sugar season 2023 (October 2022 to September 2023) coupled with a 3 per cent increase in the fair and remunerative price of sugarcane will impact the profitability of sugar mills this financial year.
New Delhi [India], October 17 (ANI): Airport operators are expected to see their traffic volume recover to the pre-pandemic level during the current financial year 2022-23, thus spurring revenue recovery, said rating agency Crisil Ratings.
New Delhi [India], September 21 (ANI): Revenues of multiplexes are set to cross pre-pandemic levels this financial year 2022-23 as more people are queuing up to watch movies after the pandemic-forced hiatus, said rating agency CRISIL Ratings.