Crisil News

GDP growth accelerated to 7.4 per cent on-year in the fourth quarter of last fiscal from 6.4 per cent in the previous quarter. Overall, GDP grew 6.5 per cent last fiscal (FY25).

In fact, in 2023, the US and India launched a bilateral Defence Acceleration Ecosystem (called INDUS-X) to facilitate defence collaboration between the two countries. 

The India Meteorological Department expects an above-normal monsoon this fiscal (106 per cent of long-period average), which bodes well for agricultural production and inflation.

The move comes after a series of recent developments at the bank that have raised concerns about its internal controls and management stability.

The moderation was driven by record low core inflation at 3.5 per cent (vs 4.3 per cent in fiscal 2024), while food inflation was volatile and high at 7.3 per cent (vs 7.5 per cent). 

According to Crisil, NSE Clearing has a well-developed risk management system that is regularly upgraded to prevent any potential market failures.  

Crisil noted that corporate India's leverage is at its lowest level in a decade, and the credit profiles of infrastructure assets have improved.  

India GDP Growth: The central bank’s recent liquidity-easing measures and easier regulations for non-banking financial companies are expected to transmit the benefits from an easier monetary policy to the broader economy, it added. 

According to the AMFI report, mutual funds have made it possible for investors to benefit from a diversified portfolio managed by experienced professionals, even with a modest investment.

Private consumption grew 6.7 per cent on average in the first half of this fiscal, compared with 4.1 per cent in the corresponding period last year.  

The comprehensive study by DBS Bank India in partnership with CRISIL also deep dived into women’s usage of different banking and payment channels.

Even if your pocket becomes empty at the vegetable shop...but you have the courage to fill your bag completely. And when the bag will remain half, then how will the plate be complete…something will definitely be missing from the plate…and we are not saying this…this is what Global Analytics Company CRISIL has to say…actually CRISIL has released a report on inflation in India and according to this report, the prices of both Vegetarian and Non-Vegetarian plates have increased significantly in India.

Further, the rating agency noted moderation in prices of key raw materials will support their operating margin to reach the pre-pandemic levels of 12.0-12.5 per cent against 11.9 last year.

Crisil lowered India's GDP growth from 7.8 percent to 7.3 percent in FY23. Inflation has been pegged from 5.5 percent in FY22 to 6.8 percent in FY23. The rupee-dollar exchange rate to remain volatile.

A growth in average revenue per user is essential for the industry to invest in the network and spectrum. Last fiscal, there was a fall in the overall number of subscribers as 3.70 crore inactive users were weeded out. The three top telcos witnessed a 3 per cent rise in the number of active users.

The chiefs of private companies in India make 137 times more money than regular employees, according to report. Infosys CEO Salil Parekh recently received an 88% hike.

Crisil's research wing said it now expects the average consumer price inflation for FY23 to come at 6.3 per cent. The RBI hiked its key rate by 0.40 per cent in a surprise move last week.

In all, there were 569 upgrades and 113 downgrades in the second half (H2) of 2021-22. The upgrade rate increased to 15.4 per cent in H2 from 12.5 per cent in H1.

The agency said global growth is expected to slow this year as major economies see a withdrawal of monetary and fiscal stimulus. The agency expects the nominal growth to come at 12-13 per cent. Crisil said that frontloading infrastructure spending could bring about faster growth.

India is the second largest manufacturer of bicycles in the world. Government departments procure these bicycles through a tender process. Overall sales growth this fiscal will support the profitability of bicycle makers.