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
This uptick in resolutions is attributed to various structural improvements initiated by the Insolvency and Bankruptcy Board of India (IBBI), indicating positive momentum in the resolution landscape.
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.
According to India Ratings, at the all-India level, the area under irrigation was 54.32 per cent in 2018-19 (FY19) compared with 41.7 per cent in 1996-97. As a result, the correlation between the kharif foodgrain output and monsoon rains from June till September was 0.4 over FY13-FY21 compar
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.
Mumbai (Maharashtra) [India], September 30 (ANI/PRNewswire): Capacit'e Infraprojects Limited (CIL), a fast-growing construction company providing end-to-end services for residential, commercial and institutional buildings with presence in Mumbai Metropolitan Region (MMR), Pune, Chennai, N
Mumbai (Maharashtra) [India], June 25 (ANI): India Ratings and Research (Ind-Ra) has affirmed Induslnd Bank Limited's long-term issuer rating at 'IND AA+' with a stable outlook and short-term issuer rating at 'IND A 1 +'.
New Delhi [India], March 30 (ANI): India Ratings and Research (Ind-Ra) on Wednesday cut India's GDP growth forecast for the 2022-23 financial year to 7 - 7.2 per cent from its earlier estimate of 7.6 per cent announced in January.
Mumbai (Maharashtra) [India], November 29 (ANI/PRNewswire): Capacit'e Infraprojects Limited (CIL), a fast-growing construction company providing end-to-end services for residential, commercial and Institutional building with presence in Mumbai Metropolitan Region (MMR), Pune, Chennai, Nation