Total number of folios of Indian mutual fund industry doubled in last 5 years to touch 17.79 lakh cr
Mumbai: The total number of folios in the Indian mutual fund industry has nearly doubled in the last five years at 17.79 lakh crore in March 2024, up from 8.97 lakh crore in March 2020 on the back of increasing awareness and a growing interest among retail investors for investing in equities and bonds through the mutual fund route.
Budget 2025 changes government may consider: ICRA Analytics report
Mumbai: The presentation of the Interim Budget on February 1 stands as a critical event in the financial calendar, leading to sharp speculations about the government's spending, fiscal deficit, and individual taxation.
Mumbai: The Indian mutual fund industry, which has witnessed a 125 percent surge in net inflows and around 24% percent growth in Assets under Management (AUM) since the beginning of this calendar year, is likely to sustain its growth momentum in 2024 backed by strong macroeconomic fundamentals of the Indian economy and resilient earnings growth, according to ICRA Analytics.
ICRA projects India's Q1FY24 GDP growth at 8.5 pc, higher than RBI's estimate
New Delhi: Rating agency ICRA has projected India's gross domestic product (GDP) growth in the April-June quarter (Q1) of FY24 at 8.5% driven primarily by front-loading of government capex, a continued catch-up in services demand and improved investment activity.
Indian hotel industry to witness decadal-high occupancy of 70-72% in FY2024: ICRA
Mumbai: The pan-India premium hotel occupancy is expected to be at around 70-72% in FY2024, after recovering to 68-70% in FY2023, according to credit rating agency ICRA.
New Delhi/IBNS: Credit ratings agency ICRA anticipates that the Indian government will peg its fiscal deficit in the FY24 Budget estimates at 5.8% of the GDP, a healthy moderation from the 6.4% of GDP projected for FY2023.
Poultry industry revenue to grow: ICRA
New Delhi/UNI: The revenue of the Indian poultry industry is expected to grow at 5-6 per cent in financial year 2022, compared to 2-3 per cent growth witnessed by ICRA's sample set of 10 large poultry integrators in FY 2021, the rating agency said on Tuesday.
ICRA revises outlook for telecom sector; says ARPU to increase to Rs 174 by FY23 end
Ratings agency ICRA has revised the industry outlook for the telecom sector from 'negative' to 'stable' as the tariff hike by three big companies, Reliance Jio, Vodafone, and Bharati Airtel, following Centre's reforms package, is likely to increase the industry average revenue per user (ARPU) and also support telco companies to profit.
UDAN may face headwind due to the second wave of COVID-19: ICRA
New Delhi/UNI: UDAN (Ude Desh ka Aam Naagrik) scheme of Ministry of Civil Aviation (MoCA) may face headwind owing to financial stress on airline operators inflated by the second wave of COVID-19, private rating agency ICRA said in a statement Tuesday.
ICRA projects two percent GDP growth for Q4 FY21
New Delhi/UNI: India's gross domestic product (GDP) growth rate is likely to inch up to two per cent in Q4 of the fiscal year 2020-21, investment information and credit rating agency ICRA said on Monday.
Indian aviation industry losses to swell to Rs 210 billion in FY21: ICRA
Mumbai/IBNS: The profitability of the Indian aviation industry is estimated to be adversely impacted in FY2021 with a significant net loss of approximately Rs 210 billion, against net loss of Rs 127 billion in FY2020 with the industry debt level increasing to approximately Rs 500 billion (excluding lease liabilities) over FY2021-22, credit rating agency ICRA said in a report.
Kolkata/IBNS: The Indian aviation industry saw a recovery in domestic passenger traffic in August 2020, with a sequential growth (over July 2020) of 25 per cent to 26 lakh passengers, said ICRA in a recent release.