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Apparel exports to grow by 8-9% in FY2025 led by expected US and EU demand towards stock replenishment: ICRA

ICRA expects a revenue recovery for sample companies in FY2025 from the low base of FY2024, driven by stock replenishment in the US and EU regions. Indian apparel exporters aim to strengthen market presence and profitability in FY2025. ....

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credit quality outlook: Ratings upgrade higher than downgrades in H2'24 though pace moderates

India Inc s credit ratings saw more upgrades than downgrades during October-March 2024, despite challenges like rising borrowing costs and supply constraints due to geopolitical issues. Strong domestic consumption and government infrastructure spending contributed to this trend. Sectors like roads, renewables, and hospitality drove upgrades, while export-oriented sectors faced downgrades. The credit ratio stabilized at pre-COVID levels, indicating positive credit quality outlook for fiscal 2025. However, uncertainties like monsoons and geopolitical landscape changes remain potential risks. ....

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