According to research by CRISIL Ratings, cement consumption is predicted to increase at a slower rate of 7-8% on-year to over 475 million tonnes (MT) this fiscal, following a compound annual growth rate of almost 11% between fiscal 2022 and 2024. Nonetheless, it stated that cement companies’ operating profitability is probably going to remain above…
As per the latest research by CRISIL, the Indian economy is predicted to develop at an average annual pace of 6.7% until the end of the decade. Between the fiscal years 2024 and 2031, the economy will expand at this rate, slightly faster than the 6.6% pre-pandemic average. Capital will be the primary driver of…
With a 7-9% increase to roughly 425 million tonne (MT) in fiscal 2024, the country’s cement consumption is expected to expand for a third straight year, but the outlook for operating profits is still unclear.According to a report by Crisil Market Intelligence & Analytics, the operational margins, which were under pressure because of high pricing…
In light of the slowdown in global economy and its effects on India’s exports and industrial activity, Crisil on Monday lowered its forecast for India’s GDP for the current fiscal year from 7.3% to 7%. The rating agency also said that as global economy slows more quickly, the country’s gross domestic product (GDP) growth will…
