Consumption hit, but outlook stays positive: CARE Ratings CEO Mehul Pandya

December 2, 2024

India’s economic slowdown may impact growth if persistent. CARE Ratings CEO Mehul Pandya highlights the importance of monitoring the consumption sector and potential US tariff impacts on exports. Despite challenges, positive outlooks for sectors like hospitality and infrastructure remain. The Adani Group’s situation and its handling of foreign currency borrowings are also under observation.

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India’s vegetable oil imports witnessed a 16% decline in March, totaling 9.98 lakh tonnes, primarily due to a significant drop in crude sunflower oil shipments.

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Jigar Mistry of Buoyant Capital discusses the Indian market’s potential upswing, cautioning against oversimplification due to global factors like tariffs and recessionary pressures. He highlights

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