A slowdown in 2023 in advanced economies, especially the US and the eurozone, is expected to make India's footwear and leather products export trade vulnerable, said Crisil Ratings.
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India remains the world's largest consumer of cashews, processing almost half of the global cashew kernels and consuming about 40 per cent of the global output. The US is a distant second, accounting for 10-15 per cent of global consumption.
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.
The Market Intelligence and Analytics research of CRISIL said in a statement that operating margin is likely to have contracted 270 bps on-year -- slower than in the past two quarters -- as easing commodity prices provided succour amid moderating revenue growth. However, this would mark the
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.