New Delhi: Net leasing of the office space across seven major cities will reach 90-95 per cent of the pre-Covid-19 level during the next financial year, on fresh hiring and return of employees to workspace, according to rating agency Crisil. Net leasing refers to the absorption of new office space less space vacated by tenants. […]
Crisil said that the second Covid wave has thrown cold water over the Indian economy that was beginning to warm up after witnessing the most severe contraction since Independence.
The remaining 4 GW may have some hope because CRISIL expects 25-50 paise increase in tariffs at the upcoming auctions because new projects will have to bear basic customs duty applicable on import of solar cells and solar modules.
Crisil said the open-ended debt fund category saw net outflows of Rs 52,528 crore this March, the highest net outflow seen since Rs 1.95 lakh crore in March 2020.
