Rating agencies ICRA and Crisil predict positive Indian corporate credit quality in the first half of 2024-25, with upgrades outpacing downgrades.

Rating agencies ICRA and Crisil predict Indian corporate credit quality to remain positive in the first half of the 2024-25 fiscal year, with upgrades outpacing downgrades. Domestic consumption, government infrastructure spending, and healthy balance sheets support India Inc's credit profile despite challenges like rising borrowing costs and slow exports. India is expected to remain the fastest-growing large economy, with GDP growth moderating from 7.6% to 6.8%.

April 01, 2024
6 Articles