ICRA

News and Trends

Backed by Increased Power Demand, Core Sector Output Grows 3.8% in March

The eight core industries — coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity — make up 40.27 per cent of the Index of Industrial Production (IIP)

Technology

Indian Data Center Capacity to Touch 2,100 MW by March 2027: ICRA

The data center involving investment of INR 40,000-45,000 crore in FY26-27, supported by internet/data usage and data localisation initiatives.

News and Trends

Hiring in IT Services to Remain Low until Demand Improves by End of H1 FY26: ICRA

Moderation in demand coupled with the increase in utilization of excess manpower added during FY22-23 exerted pressure on hiring by IT services companies through FY24 and Q1 FY25.

News and Trends

Economic Activity in India Improved to an 8-Month High of 10.1% in October

October 2024 also registered a robust 9.9 per cent month-on-month (MoM) growth, surpassing the 6.5 per cent MoM increase observed in October 2023.

News and Trends

National Logistics Day: The Indian Chapter

India's logistics sector stands on the brink of transformation, driven by cutting-edge technologies, advancements, and robust infrastructure development.

News and Trends

Capex For EV Components To Exceed INR 25k Crore: ICRA

The demand for EV batteries for domestic sales might go up to 15 GWh by 2025 and 60 GWh by 2030.