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Two Wheelers: Retail sales volumes grow by a strong 25% in February
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Power: Muted growth in FY2026, power demand to rebound to around 5% in FY2027
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Cement: Production volumes up by 9.2% on a YoY basis in 11M FY2026
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Hotels: Revenue growth projected at 7-9% in FY2027, though prolonged West Asia conflict may weigh on travel sentiment
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Roads & Highways: ~Rs. 1.4 trillion of highway PPP projects delayed amid execution bottlenecks
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Construction: Road-focused players to face headwinds in near term, with resilience demonstrated by diversified EPC players
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Cement: Cement volumes to grow by 7-8% in FY2027
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Power: Strengthening discom viability: Tariff hike and efficiency improvement remain key
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State Government Finance: Weighted average SGS cut-off increased by 23 bps to 7.92%, highest since August 2022
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Two Wheelers: Industry volumes touch a new peak in FY2026 after seven years; growth to moderate to 3-5% in FY2027
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ICRA Ratings

ICRA provides forward-looking credit opinions, as indicated by its ratings, that reflect its expectations of credit behavior over a range of scenarios.

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Credit Perspective Reports

Credit Perspective Reports (CPRs) offer detailed rating analyses of over 1,500 investment-grade entities, covering both listed and unlisted companies. These reports provide in-depth insights into key rating drivers, making them valuable for benchmarking, understanding credit trends, and making informed investment decisions.

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Credit Quality Trends and ICRA’s Outlook for FY2027

Mr. K Ravichandran,Ms. Aditi Nayar,Mr. Pratik Singhania

01 Apr 2026 04:00 PM
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Road sector hits a slow lane as project awarding moderates

Mr. Suprio Banerjee,Mr. M Rajashekar Reddy

25 Feb 2026 04:00 PM

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Specialty Chemicals: Industry on a slow road to recovery

Girishkumar Kadam,Prashant Vasisht

19 Feb 2026 04:00 PM

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We believe that aiming for a sustainable planet, economy, and society is a crucial pursuit. As an ESG Ratings Provider (ERP), we are committed to empowering businesses, investors, and other market participants to take informed decisions towards the cause of a sustainable future. Through our ESG ratings and other allied products, our goal is to provide comprehensive ESG assessments, offering a holistic view of an entity's state and progress towards sustainability.
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Backed by over 14 years of expertise in valuing debt securities and structured products, our fixed income solutions are designed to meet the financial industry's diverse needs. Since our inception in 2009...

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Risk management frameworks have been developed and implemented for leading banks and financial institutions across India, Africa, and Sri Lanka, including public and private sector banks, NBFCs, and housing finance...

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We offer a comprehensive suite of cloud-based and on-premise solutions for mutual fund research, analysis, and portfolio tracking. These tools are powered by the proprietary MF database which contains performance...

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We have more than 20 years of experience in providing contemporary solutions, analytics and services across banking and financial services, corporates, insurance, utilities, healthcare and various other industries. We...

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We source, scan, map and analyse multiple data points to provide in-depth and insightful research across a variety of sectors including automotive, cement, construction and infrastructure, metals (ferrous and...

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As a leading cloud-based SaaS platform, EQ360 provides high-quality ESG data and in-depth analytics on the top 1,000 listed companies in India. Our tool comes with intuitive dashboards, which helps users...

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