ICRA: Manufacturing growth to dip to 6% in Q1 FY27 on rising costs
ICRA forecasts India’s manufacturing growth will slow to a near two-year low of 6% in Q1 FY27, from 7.3%. This is due to rising raw material costs from West Asia tensions, which have eroded company profits despite increased production volumes. India’s manufacturing growth is expected to slow to a nearly two-year low of around 6 … Read more