Media Release

Outlook for telecom tower industry revised to Stable from Negative with improvement in receivables

GDP growth to print at 6.9% in Q4 FY2025, limiting FY2025 expansion to 6.3%

Tightened bidding norms by MoRTH to ease competitive pressure in Central government road projects

Total addressable market for flex office spaces in India is estimated to rise to 240 msf, surpassing Rs. 600 billion in value by March 2027

Tariff-related earnings impact for Indian auto component exporters could range between Rs. 2,700-4,500 crore

Cement volumes likely to grow by 6-7% in FY2026

NBFCs’ adequate capital position and healthy earnings performance help absorb headwinds on loan quality and regulatory developments

Construction industry to grow by 8-10% in FY2026

Driven by the government’s sustained budgetary outlay for railways, ICRA assigns a stable outlook for the sector

Indian airport operators to report revenue growth of 18-20% in FY2026