Higher interest rates, weak rupee drive NRI deposits to 10-year high
NRI deposits in India reach $162.7 billion, marking a significant growth driven by higher interest rates and a weakening rupee
Indian aviation stares at INR 170 billion net loss in FY 2023: ICRA
ATF prices in November 2022 are higher by 47 per cent on a YoY basis. While airlines have been increasing
Indian domestic passenger air traffic witnesses ~19-20% sequential growth in February 2022
On a sequential basis, the number of departures in February 2022 were lower by ~10%, given the overhang of the
Indian aviation to report net loss of ~Rs. 250-260 bn in FY2022
This recovery will be on a much lower base of FY2021 Also this will be significantly lower than pre-Covid levels,
Indian Budget 2022: Post-Budget reactions from ICRA
Shamsher Dewan, Vice President & Group Head – Corporate Ratings, ICRA Limited commented on Commercial Vehicles, Electric Vehicles, Automotive, Logistics
Omicron disrupts domestic passenger traffic
Airlines witnessed domestic passenger traffic growth during June 2021 – December 2021 with the same reaching ~22 million in December
India’s domestic passenger traffic picks up pace
On a sequential basis, the number of departures in November 2021 were higher by ~12%, as Covid-19 infections demonstrated a