Toll Collection Growth in India Expected to Slow Due to Regional Conflict
Crisil predicts India's toll collection growth will slow to 5-7% this fiscal due to West Asia conflict affecting freight and industry. Yet, a rebound is expected next year with increased rates linked to inflation. Deputy chief Manish Gupta anticipates 8-10% growth with increased WPI inflation.
India's toll collection is expected to see a modest increase of 5-7% this fiscal year, impacted by the geopolitical tensions in West Asia. Crisil claims this effect on freight movement and industrial activity will curb growth.
Nonetheless, Crisil anticipates this slowdown to be temporary, with expectations of higher toll rates influenced by inflationary trends making a comeback in the following fiscal year. Manish Gupta of Crisil Ratings revealed that next year could see 8-10% growth as inflation escalates amidst these conflicts.
(With inputs from agencies.)
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- India
- toll collection
- West Asia
- freight
- industrial
- Manish Gupta
- Crisil
- inflation
- growth
- WPI
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