India Ratings and Research (Ind-Ra) has revised its outlook on the domestic steel sector to negative for FY21 from stable-to-negative, given modest steel demand growth expectations of 5 per cent (FY20: 4 per cent estimate) and margin pressures, led by iron ore price risks. High iron ore premiums for new mine owners (both captive and […]
India Ratings and Research has revised its GDP growth forecast for FY20 to 5.6%. This is the fourth revision and has come in after the agency had revised its FY20 GDP growth forecast only a month ago to 6.1 per cent, the rating agency said in a statement. The revision, it said, became “inevitable as […]
Continuing fall in the rupee against the US dollar will push India’s trade deficit up to a four-year high of $178.1 billion or 6.4 per cent of the country’s GDP this fiscal year, India Ratings said in a report. “Trade deficit will widen to a four-year high of 6.4 per cent of GDP in FY19,” […]
