CRSIL ratings, in their report, expect that the central bank will 50-75 bpos in the financial year 2025-26, to support consumption and lower borrowing costs
Crisil studied private consumption patterns by collecting state-level GST data. Its chief economist speaks to Moneycontrol on the findings.
Consumption in rural India is growing faster than in urban India for the first time in two decades, a new report by credit rating agency Crisil Ltd said.
CRISIL Research, India’s largest integrated and independent research house, identifies fiscal discipline, productivity improvement and petroleum pricing reforms as the three key steps to pull the Indian economy out of the high-inflation trap.
The Union Budget (20012-13) is being prepared against a backdrop of sharp slowdown in growth, fiscal slippage and persistently high inflation. The external environment too is extremely challenging. In this scenario, we need a dynamic and credible budget that addresses the issues highlighted below.
CRISIL Research has lowered India’s GDP growth forecast for 2011-12 to 7.0% from its October estimate of 7.6%.
Crisil trimmed their FY12 GDP growth forecast to 7.6% from 7.78% due to the weak global economic situation. However, it raised its inflation target to 9.1% from 8-8.5%. The September inflation estimate is around 9.2%, said Dharmakirti Joshi, economist at Crisil in an interview to CNBC-TV18.