Inflated natural rubber prices which are way above the trend in the past decade could impact the profitability of tyre manufacturers, according to CRISIL Market Intelligence & Analytics as detailed in a report by Press Trust of India (PTI).

Inflated natural rubber prices to impact profitability of tyre makers: CRISIL

India's economic trajectory is on an upward swing, with a forecasted 6.8 per cent growth in the next fiscal year, according to ratings agency Crisil. The nation's pursuit of becoming the world's third-largest economy by fiscal year 2031 has gained momentum, backed by domestic reforms and favourable cyclical factors.

India's Economic Ascent: Projected to grow 6.8 pc in FY25, country eyes upper-middle-income status by 2031

Rating agency Crisil Ratings Wednesday said collection ratios in securitised pools have seen a dip during the second wave of the Covid-19 pandemic. The agency said unlike in the first wave, the decline in the second wave has not been as sharp for two reasons - localised restrictions limited the impact on business activity, and lack of moratorium from lenders meant that borrowers could not postpone their debt repayments.

Securitised pool collection ratios dip during second Covid wave: Crisil

crisil

Crisil, News on Crisil, stories on Crisil, articles on Crisil, Crisil stories at Wion, Crisil news, Crisil latest news