"ind-ra"

The use cases of 5G in India are still limited to applications such as video streaming and multi-person video calls.

New Delhi: All-India power production increased marginally in November 2021 supported by increase in generation from renewable sources, said India Ratings and Research (Ind-Ra). Accordingly, the total all-India generation increased marginally by 2 per cent to 99.4BU (billion units) in November 2021. “The overall increase in generation was, however, supported by a 16.4 per cent […]

New Delhi: Reducing cost of electric vehicles (EV) as well as increase in subsidies along with the newer model are expected to increase electric two-wheeler’s (e-2W) penetration. In FY21, e-2Ws contributed less than one per cent of overall two-wheelers sales. The sub-segment is expected to contribute 7-10 per cent to the overall 2W sales by FY25. […]

Besides, the report pointed out that consumer demand for the 2W segment remained tepid, at up 4 per cent YoY.

However, increasing environmental concerns and emission targets are likely to lift the global cost curves across metals.

The ratings agency opined that the 47.8 per cent YoY growth in India's pharmaceutical market (IPM) during May 2021 was led by a low base effect.

This prevented the spread of Covid-19 in rural areas and production activities and in turn, rural consumption largely remained unimpacted.

Accordingly, the ratings agency report cited factors like lower month on month (MoM) power demand on curtailed industrial activities supporting the trend.

The Central government has said that under the scheme, pricing, procurement, eligibility and administration of coronavirus vaccines will be made flexible.

Apart from a lower ratio of house price to salary, a lower interest rate environment is likely to improve the affordability of house ownership as mortgage rates decline. 

Accordingly, users may resort to domestic coal over imported ones given the elevated import prices, especially for non-coking coal, supporting offtake.

In January 2021, cotton yarn prices increased 15 per cent MoM and 30 per cent YoY, resulting in higher gross margins.

According to the report, the erstwhile duty structure gave incentives for gold smuggling into India.

Ind-Ra now expects third quarter to see contraction at 0.8 per cent and fourth quarter to print in 0.3 per cent growth as against the earlier expectation of positive numbers only in July-September 2021-22.

The overall auto industry would however continue to grow in the next few months, in line with improving economic indicators