Crisil predicts slow growth for Indian Cos.

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Crisil predicts slow growth for Indian Cos.

#1 Postby jayprakashimtn » Thu Apr 09, 2015 3:52 pm

Crisil research on Thursday said that India Inc's revenue growth will drop to a seven quarter low of 2.5% in the march 2015 quarter. This rate of growth will be the lowest in the past seven quarters. According to the senior director of Crisil Research, Mr. Prasad Koparkar, the January to March period is likely to show the lowest quarterly growth in 2014-15.

The slide in the global commodity prices and a weak performance of investment related sectors are contributing to the slowing down of growth. Automobile, IT and Pharmaceuticals are expected to fare better and give a double digit growth figure.

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