Agricultural pump makers are expected to see healthy revenue growth of 7-9 percent in fiscal year 2024-25, supported by resilient domestic demand for conventional pumps and a surge in demand for solar pumps under the PM Kusum Scheme, according to Crisil Ratings.
It attributed two factors including the central government's focus on decarbonising public transportation and the relatively favourable total cost of ownership.
The bulk drugs segment of the Indian pharmaceutical sector is expected to see revenue grow at 6-8 per cent this fiscal year, helped by higher sales volume stemming from a stable growth outlook, according to a Crisil Ratings report.
Some sectors such as fertilisers and diamonds -- both cut and polished -- may see a slight, but manageable, impact, while for most others impact will be insignificant, the rating agency said on Tuesday in a report.
According to a press release by CRISIL Ratings, the scarcity of semiconductors, essential components in a wide range of electronic devices, had a significant impact on automobile manufacturing, causing production delays and reduced sales in India.
Indian paper manufacturers could see revenue decline 8-10 per cent this financial year, compared with a steep 30 per cent growth last year, with average revenue expected to soften, according to Crisil Ratings.
The tea industry in India is expected to register a 8 per cent degrowth in revenue this financial year, led by a decline in exports, said Crisil Ratings.
Higher spending on advertisement by corporates and governments in view of the upcoming state and national elections are expected to lift the revenue of the Indian print media sector by 13-15 per cent, according to a report by Crisil Ratings.
The per plate cost of veg and non-veg thali in India, which has been on a decline since October 2022, nosed up in May and June 2023, according to a Crisil Ratings report.
Revenue of the fast-moving consumer goods (FMCG) sector is expected to grow 7-9 per cent this fiscal 2023-24, a tad slower than the 8-9 registered in the past two fiscals, according to Crisil Ratings.
Automotive components makers in India is set to register 10-12 per cent growth in revenue during the financial year 2023-24, said Crisil Ratings on Thursday.