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For current fiscal, the US-based rating agency expects the economy to contract 7 per cent, lower than its previous estimate of 10.6 per cent contraction.

The smaller sized real estate companies' woes will “weigh heavily” on the sector as a whole, domestic rating agency Icra said in its report, adding such players hold an 80% market share

The WPI inflation was 1.22 per cent in December, 2020 and 3.52 per cent in January last year. While food articles saw softening in inflation

After a sharp contraction of 17 per cent in FY21, production to grow 20 per cent in FY22, says agency.

This would be a 100 per cent jump from the Budget estimate of 3.5 per cent of GDP pegged for the current fiscal

Under the three year tenure of FAME-II scheme -- FY20-FY22-- e-2W sales have been only 2 per cent of the targeted 10 lakh unit sales as on September 30, 2020 halfway mark, Icra said in a statement

It, however, said net NPAs and credit provisions will subsequently trend lower in 2021-22 as banks have reported strong collections on their loan portfolio with most of them reporting collections of over 90 per cent.

Improved affordability backed by home loan rates and lucrative schemes have driven up sales in the sector

Revenues in Q2 FY21 though improved sequentially are expected to remain substantially lower on a year-on-year basis adversely impacted by local lockdowns and restrictions, said ICRA

Shows a sequential growth of 39% in passenger volume over August