Binani said, "The neutral sector outlook is backed by an expectation of 10 per cent-12 per cent yoy revenue growth in FY25. Order inflows are likely to pick up in 2HFY25, led by supportive government budgets along with expectation of acceleration of private sector's capex. Margins are expect
The pace of construction for National Highways in India witnessed an uptick in FY24, reaching 34 Km/day, albeit lower than the 37 km/day reported in FY21.
The Indian stock market witnessed a historic surge in investment during FY24, setting a new milestone in the realm of foreign investment. The Central Depository Services Limited (CDSL) data suggests, foreign investors brought in a staggering amount of over Rs 3,39,064 crore in India's sto
Anuradha Basumatari, Director of Public Finance at Ind-Ra, emphasized the favorable conditions for capital expenditure, stating, "Containment of the revenue deficit provides greater fiscal flexibility to states, which is favorable to capital expenditure and is expected to continue in FY25
"Looking ahead, robust growth prospects provide the policy space to remain focused on inflation and ensure its descent to the target of 4 per cent," RBI Governor said announcing the decisions of the first MPC of FY25.
RBI Governor Shaktikanata Das, while announcing the RBI Monetary Policy Committee outcome on Friday, said that the growth is projected to be at 7.1 per cent in first quarter, followed by 6.9 per cent in second quarter and 7 per cent in both third and fourth quarters.
This outlook comes amidst a backdrop of sustained momentum in credit growth, particularly across agriculture, MSME, and services sectors, as revealed by the latest credit growth numbers.
CareEdge Ratings estimates bank credit growth in India to be in the range of 14-14.5 per cent in financial year 2024-25. In current financial year 2023-24, credit offtake is anticipated to close with a growth of around 16 per cent excluding the HDFC merger.
According to Morgan Stanley, the outlook for India's GDP growth remains robust, with the expectation that growth will track around 7 per cent in the fourth quarter of the financial year 2023-24 (QE Mar-24).
Projections suggest that this segment will continue its upward trajectory, growing at a compounded annual growth rate (CAGR) of 33 per cent to reach an impressive Rs 25,300 crore by FY27.
Cochin (Kerala) [India], March 21: In a bold move to capitalize on the burgeoning gold loan market, Unimoni Financial Services aims to achieve a robust Rs1000 crore book by FY25, according to Krishnan R, Director and CEO of Unimoni India. This ambitious target marks a significant increase fr