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Indian Economy Likely To Grow By 7.1% In FY23: CareEdge
CareEdge has released a report on the state of the Indian economy. The Indian economy likely to grow by 7.1% in FY23 on the back of steady performance by services, manufacturing and the farm sector. The government investment will play a ...
Demand For Steel To Remain Robust: CareEdge Research
The steel industry's production and consumption grew by 18.1% and 11.4%, respectively, on a year-on-year (y-o-y) basis in FY22. CareEdge Research believes the medium-term steel demand will continue to be robust due to the government's infrastructure push and increased investments amid an ...
Bumpy Ride Ahead For Government Finances: CARE Ratings
With robust tax collections helping revenue receipts overshoot the revised estimate by Rs 0.9 lakh crore, the central government finances in FY22 have been fairly comfortable despite the impact of the second and third waves of Covid-19, CARE Ratings has said ...
Banking Interest Rates May Have Bottomed Out: CareEdge
Banking interest rates seem to have bottomed out and the credit growth had been muted in the earlier part of the year due to the Covid-19 outbreak and balance sheet deleveraging by large corporates, CareEdge has said in its latest report. ...
Credit Growth Shows Consistent Improvement: CARE Ratings
The bank credit grew by 7.3% y-o-y for the fortnight ended November 05, 2021) from 5.7% in the year ago period (fortnight ending November 06, 2020), CARE Ratings has said in its latest report. "The credit growth expanded by 162 bps ...
Credit And Deposit Growth Picked Up: CARE Ratings
The y-o-y credit growth rate for the current fortnight increased when compared with the y-o-y credit growth rate in the previous month due to the base effect and as restrictions eased gradually across select regions in India, CARE Ratings has said. ...
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