Crisil expected CPI inflation (for the 2011-12 series) to rise to 5% in the next fiscal, driven by the normalisation of food inflation from deflationary levels in the current fiscal. However, non-food inflation is expected to remain benign, supported by lower crude oil prices and the continu
Principal Economist at Crisil, said the Monetary Policy Committee's (MPC) decision was in line with expectations and underscored a cautious wait-and-watch approach. She noted that the MPC is factoring in a likely rise in inflation in the first half of the next fiscal year even as growth rema
The Reserve Bank of India's (RBI) latest Monetary Policy Committee (MPC) decision reflects confidence in the country's growth-inflation dynamics, with stable economic momentum and a gradual normalisation of inflation supporting the continuation of a neutral policy stance, according to Dha
The Union Budget 2026-27, presented in Parliament on Sunday, has increased public capital expenditure to Rs 12.2 lakh crore in FY 2026-27, with industry experts saying that the increased outlay will revitalise project pipelines.
Crisil Ratings reports that the domestic cigarette industry is preparing for a 6-8 per cent volume reduction in the next fiscal year. This follows the imposition of additional excise duties and an increase in GST rates effective February 1. Under the new tax structure, the compensation ce
According to a recent credit alert from Crisil Ratings, the immediate impact remains muted due to India's limited direct trade exposure to the nation. However, the rating agency warned that a prolonged or escalating conflict could eventually pressure specific sectors, particularly those sens
Dharmakirti Joshi, Chief Economist at Crisil, stated that the budget is being prepared under a favourable growth and inflation scenario, though global uncertainty and volatility remain key considerations for the government.
Crisil Ratings estimated that thermal power's share will decline to about 72% in the current fiscal from nearly 75% in FY25, before slipping further below the 70% mark next year. As a result, plant load factors (PLFs) of thermal power plants are projected to moderate to 64-66% in the current
Reserve Bank of India is expected to keep key policy rates unchanged at its upcoming monetary policy review meeting, slated during February 4-6, 2026, according to Crisil.
Crisil Ratings does not expect the US action in Venezuela to have any material impact on India's global trade or the credit quality of Indian corporates.
The Indian economy is expected to grow at 6.7 per cent in the upcoming fiscal 2026-27, as compared to the central government's First Advance Estimates of 7.4 per cent for the current fiscal 2025-26, according to a report by Crisil.
In 2024, tourism was the country's largest non-farm employer engaging more than 13% of the workforce and recording 2.96 billion tourist visits. The significant scale, however, did not translate to economic value addition as the sector accounted for only ~5% of the gross domestic product, wel