CRISIL

March 10, 2025 1:14 PM

Cost of home-cooked meals declines by 5% in February: report

The cost of preparing both vegetarian and non-vegetarian meals at home declined by 5% in February compared to January, according to a report released by Crisil on Monday. The report attributes the decline in the vegetarian thali cost to lower vegetable prices, particularly onions, tomatoes, and potatoes. For the non-vegetarian thali, the decrease was primarily driven by lower broiler (chicken) prices. With the arrival of fresh rabi crops, vegetable prices are expected to remain subdued, offeri...

March 6, 2025 5:04 PM

India’s economy poised for 6.5% growth in fiscal 2026 despite global uncertainties: crisil

India's real GDP growth is expected to hold steady at 6.5% in fiscal 2026, even as geopolitical uncertainties and trade-related disruptions, particularly US tariff actions, pose challenges, according to a report by Crisil released on Thursday. The forecast relies on two key assumptions—another normal monsoon season and stable commodity prices. Factors such as easing food inflation, tax benefits outlined in the Union Budget 2025-26, and lower borrowing costs are likely to boost discretionary c...

February 18, 2025 12:35 PM

US tariffs on steel sector unlikely to impact India materially: Crisil

The US tariffs on the steel sector are unlikely to impact India significantly, as only 2 percent of the country’s total finished steel exports in the first nine months of this fiscal year were to the US, according to Crisil Intelligence. The US has decided to impose a flat 25 percent tariff on steel imports from March 12, replacing the previous system of multiple lesser levies. This change is expected to have a three-fold impact. “Firstly, it will reduce the exports of its trade partners a...

February 3, 2025 5:22 PM

Inflation eases, growth picks up, Crisil’s economic forecast for FY26

India’s economy is poised to grow at 6.5 percent in the financial year 2025-26 (FY26), slightly surpassing the 6.4 percent growth forecast for the current fiscal year, according to a recent report by Crisil. The report underscores that a combination of lower inflation and anticipated rate cuts by the Reserve Bank of India (RBI) will support economic growth, assuming there are no major global shocks and the country experiences a normal monsoon. "Lower inflation and the RBI's rate cuts are exp...

January 15, 2025 4:02 PM

India projected to see 5-times surge in green investments at Rs 31 lakh crore till 2030

India is projected to see a five-fold growth in green investments to Rs 31 lakh crore between 2025 and 2030, a Crisil report showed on Wednesday. Of the Rs 31 lakh crore investments, Rs 19 lakh crore is seen going into renewable energy and storage, Rs 4.1 lakh crore into transport and automotive sectors and Rs 3.3 lakh crore into oil and gas, according to the report presented at the Crisil's ‘India Infrastructure Conclave 2025’ in the national capital. This is a crucial part of an estimate...

January 14, 2025 12:47 PM

India’s GDP growth likely to reach 6.7% next fiscal: Crisil

India’s gross domestic product (GDP) growth is projected to improve to 6.7% in the next fiscal year (FY25), according to a Crisil Intelligence report. The report noted that a sustained decline in food inflation, combined with stable non-food inflation, could create room for a rate cut by the Reserve Bank of India (RBI) in the coming months. Headline inflation is steadily progressing toward the RBI's 4% target, as food inflation eased for the second consecutive month and non-food inflation rem...

December 31, 2024 12:18 PM

India’s current account deficit to stay at 1% of GDP for FY2025: CRISIL report

India's current account deficit (CAD) is projected to remain at a safe 1% of GDP for fiscal year 2025, rising from 0.7% in the previous year, according to a report by CRISIL. While geopolitical risks may pose challenges, strong financial inflows and a steady services trade surplus are expected to underpin economic stability. In the second quarter (Q2) of FY2025, the CAD stood at $11.2 billion, equivalent to 1.2% of GDP, showing little change from $11.3 billion (1.3% of GDP) in the same period l...

November 18, 2024 3:24 PM

Electronics, engineering, agricultural goods propel India’s export growth: CRISIL

India's core group exports surged 27.7 per cent in October with growth being particularly strong in categories such as engineering goods, electronic goods, chemicals, textiles, marine products and rice, according to a CRISIL report released on Monday. Growth improved for key core sectors such as engineering goods (39.4 per cent vs 10.6 per cent), drugs and pharmaceuticals (8.2 per cent vs 7.2 per cent), organic and inorganic chemicals (27.4 per cent vs 11.2 per cent) and electronic goods (45.7 ...

September 20, 2024 11:03 AM

India’s trade deficit widens in August amid decline in crude oil exports: CRISIL report

India's trade deficit widened in August, primarily due to a decline in oil exports caused by falling crude prices, according to a recent report by CRISIL. The report highlights that the drop in crude oil prices, a key export commodity for India, has significantly impacted the country's overall export performance. Petroleum products remain a major component of India’s exports, with key destinations including the Netherlands, Singapore, Australia, and South Africa, as per Ministry of Commerce d...

September 16, 2024 6:07 PM

India’s FMCG sector to see revenue growth of 7-9% in fiscal 2024: CRISIL

India's fast-moving consumer goods (FMCG) sector is set to experience robust growth in the fiscal year 2024, according to a recent report by rating agency CRISIL. The agency projects a revenue growth of 7-9% for the sector, driven by higher volumes, a revival in rural demand, and steady urban consumption. CRISIL's study, which analyzed 77 FMCG companies representing about a third of the sector's Rs 5.6 lakh crore revenue last fiscal, reveals that premiumisation and volume growth will expand ope...