Media Release

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

Regulatory easing to support credit growth of ~10.8% in FY2026; asset quality remains monitorable

Annual securitisation volumes estimated at an all-time high of Rs. 2.35 lakh crore for FY2025

Real estate sales growth curve flattens, after witnessing stellar double-digit growth in the past; outlook Stable

Credit Quality Trends and the Performance of ICRA-Assigned Ratings

Listed corporates lead the capex spends, as unlisted entities lag behind