Despite US tariffs, Corporate India may grow 8% this fiscal
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New Delhi: Corporate India is expected to clock a revenue growth of eight per cent during the current financial year, on the back of strong domestic consumption and steady government-led capital expenditure (capex) on infrastructure, according to a Crisil report released on Tuesday.
Overall corporate credit quality outlook continues to be resilient and the EBITDA is seen steady at around 12 per cent, said SomasekharVemuri, senior director at Crisil Ratings.
The rationalisation of the goods and service tax (GST) rates, income tax relief, lower inflation and reduced interest costs — are set to bolster domestic consumption. Steadfast government capex and favourable domestic demand support the credit quality outlook for infrastructure -- and consumption-linked sectors, the report states.
