The Indian hotel sector is expected to increase by double digits in revenue in FY24, according to ICRA.

The continuation of domestic leisure travel, the demand from meetings, incentives, conferences, and exhibitions (MICE), business travel, and an increase in foreign tourist arrivals (FTAs) are all expected to support the Indian hotel industry’s double-digit revenue growth in FY24, according to a report by ICRA. It further stated that the current ICC World Cup 2023…

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ICRA predicts that the auto components industry would rise by 5-­8% in FY24 as a result of rising domestic demand.

According to a research, the auto parts industry’s sales are expected to climb by 5­8% in FY24, driven by higher domestic demand. With greater premiumization of automobiles, an emphasis on localization, and enhanced export and regulatory standards, the industry is anticipated to reach revenues of over 2.5 lakh crore. The sector’s income increased by more…

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