ICRA report News
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.
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,
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.
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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