India Ratings news and archive

Indian retailers to go slow on expansion, Fitch report

Retailers will expand their store space at a lower pace in 2014-15 compared to 2013-14. Companies such as Future Retail, Shoppers Stop and Trent will “continue space optimization”, says India Ratings and Research. According to a Fitch Group report, average space addition in 2014-15 will be 10-11 percent, slower than the 13 percent estimated for...

Apparel

Garment exports rises due to currency competitiveness

A study by India Ratings & Research has revealed, India’s garment exports are growing at a robust pace on the back of good demand in overseas markets leading to a re-rating of the sector. The agency expects the financial metrics of garment manufacturers to improve during 2013-14, which could be one of the key drivers for positive ratings. India...