Shri Sipan Kumar Garg, CMD & Director (Finance), THDC India Limited congratulated the entire THDCIL team and stated that the credit rating upgrade reflects the Company’s strengthening financial progress and disciplined strategic execution.
The global investment bank expects private consumption to strengthen further in FY27.
It further expected the private final consumption expenditure to grow by 6.1 per cent in 2024-25, up from 4.4 per cent in 2023-24.
During 3QFY21, IPM grew 6.4 per cent YoY, led by a volume decline of 1.9 per cent YoY, price growth of 4.9 per cent and products launches at 3.4 per cent.
The agency said the negative 23.9 per cent growth in the first quarter of FY21 is the first contraction in quarterly GDP data series.
