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CARE Ratings Report
Industry data from April 2020 to January 2021 shows a 20% decline year-on-year in passenger vehicle sales, a 16% increase in agrochemicals, sharp cuts in the sales of refrigerators, airconditioners, gems and jewelry, apparel...
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In FMCG goods, food and shampoo fared well, whereas toothpaste, vegetable oil and milk are still lagging in year-on-year growth.
In infrastructure, while the pace of highway construction has outperformed the year ago period, cement and power sales are still lower. All capital goods sales are lower than the year ago period by 20-50%.
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