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ICRA report News

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The report points out that the order book-to-income ratio rose to 2.77 times in FY2024 from 1.33 times in FY2015, providing healthy medium-term revenue visibility. 
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Newly launched airline Akasa Air carried 6.59 lakh to get a 4.7 per cent share of the market pie while Ajay Singh-led budget airline SpiceJet flew 4.54 lakh passengers which gives it a market share of 3.2 per cent, 
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On May 2, Prime Minister Narendra Modi, however, underlined the need for new structural reforms and expedite work on infrastructure projects to revive the economy reeling under the impact of lockdown. 
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The CAD had increased to $13.5 billion, or 2 percent of the gross domestic product in the third quarter as well.






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