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15 MAR 2020
Latest Commentary
Expectations from the Union Budget 2022-23
Sachin Gupta, CRO held a session on Renewable Energy and Swati Agrawal-Sr. Director was one of the Jury members and was also felicitated at the award function. Shri. Nitin Gadkari, Hon’ble Minister of Road, Transport and Highways was the Chief Guest and Shri Bhagwant Khuba, Hon’ble Minister of State for New and Renewable Energy, Chemicals and Fertilizers was the Guest of Honour at this event.
Ajay Mahajan, MD & CEO, CARE Ratings speaks to Hindu Business Line
Company outlook, Credit demand landscape and key growth drivers ahead
Interaction on Q4FY21 and FY21 Results
We have seen some distinct trends in government expenditure and revenue in the first two months of the year. Putting our analysis and estimating the slippage in Q1 and impact for the rest of the year, we estimate that fiscal deficit will be 7.5-7.7% of GDP. This does not include higher borrowings to compensate states which the government spoke of on 28th May 2021.
With the states induced lockdowns in force in several regions economic activity has been affected for sure. CARE Ratings carried out a Survey to gauge the pulse of business
CARE Ratings have reworked numbers and believe that the lockdowns will continue through June. There will be some easing in July in selected states but on the whole Aug seems to be the time when the economy can be closer to the pre-second wave situation. Under these conditions we predict that GDP growth will be 9.2% with a downward bias
Sachin Gupta, Chief Rating Officer speaks to BloombergQuint
Impact of ongoing lockdowns on economic prospects
CARE Ratings has lowered its India GDP growth forecast to 10.2% for FY22 following fresh lockdowns imposed in parts of the country to control the pandemic. On March 24, it had projected growth for FY22 to be in the 11-11.2% range based on Gross Value Added (GVA) growth of 10.2%, and on April 5, a day after Maharashtra imposed restrictions, it further lowered its GDP forecast to 10.7-10.9%.
The Road Ahead - CARE Ratings Outlook for FY22
Interaction on our Q3FY21 Financial Results
Union Budget 2021 - Change in ideology brings breath of fresh air
In our endeavor to get a feel of the ground reality CARE Ratings have been carrying out various surveys on industry expectations in the last nine months. In our 5th survey we collate some interesting responses
Discussion on India’s economic recovery impacted by covid19 crisis; Industry outlook; company vision; entrepreneurship
How SMEs can reboot themselves after the Pandemic
Discussion on Company and Industry Outlook