India faces a crucial challenge of current account deficit (CAD) as a report by CRISIL highlighted that the country might face a challenge of CAD to touch 2 per cent of GDP under higher oil price scenarios.
India's domestic demand is showing signs of recovery, supported by several positive developments, according to a recent report by Crisil.
The CRISIL report also states that power generation is estimated to have increased around 5.4 per cent year-on-year to 136 BUs this November, more than meeting the monthly demand.
SFBs are expected to grow their advances by a robust 25-27 per cent this fiscal, according to a CRISIL Ratings report.
These states, which account for over 90 per cent of India’s gross state domestic product, grew at 7.5 per cent last fiscal, according to the CRISIL Ratings report.
In a recent report, rating agency CRISIL has said the costlier onion, tomato and potato have spiked the cost of a home-cooked vegetarian thali by 8% in April to Rs 27.4 compared to Rs 25.4 in the same month last year.
The report points out that Indian airlines, such as Air India and IndiGo, are strategically adding new aircraft to their fleets and launching new international routes which are cutting travel time.
The revision in the rate of tax collected at source (TCS) on overseas travel packages may not have a material impact on demand.
The cost of preparing a vegetarian thali at home has gone up by 34 per cent while that of a non-vegetarian thali went up by 13 per cent in July as compared to the input prices that prevailed in June 2023, CRISIL said in a report.
Revenues of multiplexes are set to cross pre-pandemic levels this financial year 2022-23 as more people are queuing up to watch movies after the pandemic-forced hiatus, said rating agency CRISIL Ratings.
