ICRA Report - Favourable demand sentiments to fuel growth in road logistics sector; outlook continues to be stable.
Rating agency ICRA has maintained a stable outlook for the Indian Road logistics sector. Accelerated pace of business activities and lower lockdown-linked restrictions from H2 FY2022 aided faster recovery in revenues for FY2022. The growth momentum is likely to continue with an estimated growth of ~7-9% in FY2023 over FY2022. Demand is likely to remain sensitive to any further waves or new virus variants, given the sector’s significant linkage to economic activity on an aggregate basis.
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Published on:
15 July 2022
Published in: Lifting & Specialzed Transport, June - July 2022
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