The information technology (IT) services sector in India is expected to see a decline in revenue growth by 700-900 basis points (100 basis points is equal to 1 percentage point) amounting to 10-12% in fiscal 2024 amid global macroeconomic and financial sector headwinds, according to a Crisil report. | Photo Credit: G.P. Sampath Kumar The […]
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Domestic airlines industry is expected to fly back into profitability next fiscal, for the first time since the outbreak of COVID-19, amid easing cost pressures and reduction in leverage to support credit profiles, a report said on March 1. As per the report by credit rating agency CRISIL, the industry is also likely to pare […]
Continue Reading.JPG "India’s footwear, textile exports vulnerable to global slowdown: Report")
Image for representational purpose only. | Photo Credit: Special Arrangement A slowdown in 2023 in advanced economies, especially the U.S. and the eurozone, is expected to make India’s footwear and leather products export trade vulnerable, said Crisil Ratings. “Domestic labour-intensive sectors such as textiles, footwear, and leather depend significantly on these two regions, making them […]
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Paul F. Gruenwald, S&P global chief economist, said a lot depends on how global fund flows behave if there is a recession in the U.S. and Europe. Paul F. Gruenwald, S&P global chief economist, said a lot depends on how global fund flows behave if there is a recession in the U.S. and Europe. Global […]
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States have done off-balance-sheet borrowings through various entities in FY22, resulting in a 1 percentage point increase in such hidden loans to 4.5% of GSDP, a report said on Wednesday. The report by ratings agency Crisil, based on an analysis of 11 States accounting for three-quarters of GSDP, warned that this will impact the badly-needed […]
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