NEW DELHI: CareEdge Ratings expects India’s GDP to growth at 7.6 per cent in 2023-24 ending on March 31, and around 7 per cent in the next financial year 2024-25.According to the rating agency, the economic growth in the current financial year was supported by a strong growth in investment demand led by public capital … Read more
MUMBAI: Robust demand coupled with gradual alignment of demand-supply of branded hotel room inventory will see the hotel industry end at RevPAR growth of 12-14 per cent in FY 24, estimates CareEdge Ratings. The growth momentum in the hotel industry is expected to be sustained in FY25, resulting in likely y-o-y revenue growth by 9-11% … Read more
MUMBAI: CareEdge Ratings has said the dollar-rupee exchange rate will appreciate to approximately 82 levels in 2024. This forecast is underpinned by factors such as a weakened dollar, robust Foreign Portfolio Investment (FPI) inflows, and a favorable current account deficit. However, the report highlights potential uncertainties and cautions against risks, particularly stemming from the escalation … Read more
MUMBAI: The personal loan segment in the banking sector posted a record increase of nearly 32% year-on-year in July 2023 – mainly due to the merger of HDFC with HDFC Bank. The merger, which added over Rs 4.3 lakh crore in home loans to the bank’s portfolio, pushed overall bank credit growth to 19.7%. RBI … Read more