Revenues of Indian pharma companies are likely to expand by 9-11 per cent in the current financial year, albeit a moderation from the increase of 13-14 per cent recorded in the previous year, said rating agency ICRA in a report.
The revenue growth of auto dealers is expected to slow to 7-9 per cent this financial year after a healthy 14 per cent last year, due to a moderation in sales volume growth and modest price hikes by car manufacturers, asserted Crisil Ratings.
According to a recent report by the State Bank of India (SBI), the moderation in India's GDP growth for the first quarter (Q1) of the financial year 2024-25 (FY25) is still higher than the average decadal growth of 6.4 per cent for Q1.
Rajani Sinha, Chief Economist at CareEdge, noted, "Despite the moderation in the inflation of the food and beverage basket when compared to last year, the sequential momentum remains strong, with a 2.5 per cent M-o-M increase in prices, higher than an average sequential grow."
Indian stock indices moved higher as the Friday session progressed and in the process touched a fresh high, triggered by the latest moderation in US inflation, better-than-expected TCS results, and lack of negative market fundamentals.
The rating agency has elevated India's growth forecast by 20 basis point to 7.2 per cent for fiscal year 2024-25. Earlier in March Fitch has forecasted India's growth at 7 per cent.
Fitch projects a moderation in global growth for 2025 to 2.4 per cent as US economic expansion decelerates to a below-trend rate of 1.5 per cent, and China's growth slows further to 4.5 per cent due to declining exports and reduced government spending. Meanwhile, the eurozone is forecasted t
Ahead of the 53rd Meeting of the Goods and Services Tax (GST) council on June 22, the Confederation of Indian Industries (CII) has urged for a GST structure with three rates and moderation of the current rates.
Indian stock indices opened higher Friday and hovered around lifetime highs, continuing their uptrend from the previous sessions, primarily due to a moderation in inflation in May - both in India and the US.