The new projection slightly exceeds the Reserve Bank of India's (RBI) forecast of 7.0 per cent. The agency's forecast indicates higher growth than RBI's for the first and fourth quarters of FY25 but lower for the second and third quarters.
India Ratings and Research (Ind-Ra) has maintained an improving outlook for the education sector for the financial year 2024-25, driven mainly by continuously growing enrolments along with rising tuition fees per student.
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
Ind-Ra expects the prices to have been higher 22 per cent year-on-year at end-2023-24 and would be subdued at around 5 per cent for 2024-25, due to the base effect and large amount of new launches planned.
The analysis, presented in a recent publication by Ind-Ra, forecasts that India's economy is on track to ascend to the upper-middle-income category between fiscal years 2033 to 2036, eventually culminating in a USD 15 trillion economy by fiscal years 2043 to 2047.
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
New Delhi [India], April 1: India Shelter Finance Corporation Ltd., a pioneer in the affordable housing finance market, has been awarded an IND AA-/Stable rating by India Ratings and Research (Ind-Ra), affirming its financial resilience and leadership in enabling access to affordable housing
India Ratings and Research (Ind-Ra) expects the economy to grow at 6.5 per cent in the financial year 2024-25, 50 basis points lower than what was projected by the central government and the Reserve Bank of India (RBI) at its recent policy review.
Mumbai (Maharashtra) [India], December 13: India Ratings and Research (Ind-Ra) has affirmed IDFC First Bank's debt instruments ratings at 'IND AA+' with stable outlook, the private sector lender said on Tuesday.
India Ratings and Research (Ind-Ra) has revised the outlook on the Indian education sector to "improving" from "neutral" for upcoming financial year 2023-24, citing a recovery in enrolments post-pandemic and a continuous rise in enrolments in higher education.
The rating agency opines that the transmission of monetary policy in the banking system could intensify in FY24 driven by the sharp rise in bank's marginal cost of funding.