Hotel industry in India likely to grow up to 12 pc in FY26: Report

March 3, 2026 9:58 PM

Hotel industry in India likely to grow up to 12 pc in FY26: Report

The domestic hospitality industry is likely to post sustained healthy performance in FY26 as revenues projected to grow 9–12 per cent year-on-year (YoY), a report said on Tuesday. This will be supported by steady domestic leisure travel, MICE activity, weddings and resilient corporate demand, according to the ICRA report. The report noted that the growth outlook remains favourable despite the high base of FY25. The rating agency has projected average room rates (ARRs) to increase to Rs 8,20...

India’s passenger vehicle retail sales soar 22% post-GST reforms: report

December 18, 2025 4:17 PM

India’s passenger vehicle retail sales soar 22% post-GST reforms: report

India’s passenger vehicle industry recorded strong year-on-year growth in both wholesale and retail volumes in November 2025, driven by sustained post-festive demand, recent GST rate cuts and the winter wedding season, according to a report released on Thursday. The report by ratings agency ICRA said retail sales rose 22 per cent year-on-year in November, although they declined 29 per cent compared to October’s festive peak. Wholesale volumes increased 19 per cent year-on-year to 4.1 lakh ...

New India does not fear nuclear threats, says PM Modi in Dhar

September 17, 2025 5:02 PM

New India does not fear nuclear threats, says PM Modi in Dhar

Prime Minister Narendra Modi on Wednesday lauded the Indian armed forces for Operation Sindoor, asserting that the strikes “brought Pakistan to its knees in the blink of an eye” and declaring that the “New India” does not fear nuclear threats. Addressing a rally in Dhar, PM Modi said the nation gives utmost priority to the security of Maa Bharti. “Pakistani terrorists wiped the Sindoor of our sisters and daughters. We carried out Operation Sindoor and destroyed terror camps. Our brave...

Domestic air passenger traffic likely to touch 176 million in FY26: ICRA

August 28, 2025 3:30 PM

Domestic air passenger traffic likely to touch 176 million in FY26: ICRA

India’s domestic air passenger traffic is projected to rise to 172–176 million in FY26, marking a growth of 4–6 per cent over the previous year, according to a report released on Thursday by rating agency ICRA. The moderation in growth comes even as aircraft deliveries are increasing. In Q1 FY26, passenger traffic grew 4.4 per cent year-on-year, but was impacted by cross-border tensions that led to flight disruptions and cancellations, as well as travel hesitancy following an aircraft acc...