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Hans India
2 days ago
- Business
- Hans India
Electricity demand grows in July after two months of degrowth
India's power demand rose by 2.4 per cent in July, reaching 154 billion units (BUs), up from 150 BUs a year earlier, driven by strong industrial activity, a report said on Monday. The improvement in demand is in sharp contrast to May and June, which saw YoY degrowth of 4.8 per cent and 2.3 per cent, respectively, according to a report from Crisil Intelligence. In July, the average market clearing price (MCP) in the real-time market (RTM) fell 23 per cent YoY to Rs 3.83 per unit, indicating sufficient supply amid low electricity demand. The spread between RTM and DAM (day-ahead market) volumes declined to 401 million units (MU) in July, down from an average of 2,529 MU from June 2020 to July 2025. While generation from thermal power declined year-on-year this July, that from major clean energy sources, i.e., hydro and renewable energy, increased. Higher rainfall resulted in a 36 per cent YoY rise in hydropower generation, while renewable energy rose 7.2 per cent, the report said. Consequently, coal accounted for 63 per cent of the total power output from 66 per cent a year ago, which also highlighted the easy ability of the fuel to be ramped up or down by power demand. Coal inventory stood at 18 days, compared with 21 days in May and June. As of July 31, thermal power plants had 54 million tonnes (MT) of coal stock. Crisil Intelligence estimates a 2.5 to 3.5 per cent YoY growth in power demand in this fiscal year to around 1,745 BU, marking a moderation from 4.2 per cent last fiscal year. The IMD estimates another good southwest monsoon season. The consequent lowering of ambient temperature is expected to curb electricity demand.
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Business Standard
5 days ago
- Business
- Business Standard
Thali costs fall in July, defying seasonal trends, says Crisil report
Home-cooked meals became more affordable in July, with the cost of vegetarian and non-vegetarian thalis declining 14 per cent and 13 per cent, respectively, on a year-on-year (y-o-y) basis thanks to a drop in prices of vegetables, broiler and pulses, according to the monthly Roti Rice Rate report released by credit rating agency Crisil on Wednesday. However, on a month-on-month basis, the cost of a vegetarian thali rose 4 per cent in July to hit a six-month high of Rs 28.1, largely driven by a sequential spike in prices of tomatoes as their fresh arrivals declined 27 per cent. The prices of potato and onion also edged up 2 per cent and 5 per cent, respectively, aiding the uptick in thali costs. The average non-vegetarian meal became 2 per cent cheaper than June levels in July at Rs. 53.5, as broiler prices dropped an estimated 9 per cent due to weaker demand during the monsoon and the onset of the Shravan month. Key meal ingredients' prices, however, continued to trend lower from a year ago. Prices of pulses and rice fell 14 per cent and 4 per cent year-on-year, respectively, adding to the downward pressure. However, a 20 per cent rise in vegetable oil prices — despite a cut in basic customs duty — and a 6 per cent increase in liquefied petroleum gas (LPG) cylinder prices limited the overall decline. Tomato prices fell 36 per cent to Rs. 42/kg compared to July 2024, while onion and potato prices declined 36 per cent and 30 per cent, respectively, aided by improved output and favourable weather. Broiler prices, which make up about half the cost of a non-vegetarian thali, also dropped 12 per cent, further easing meal costs. Pushan Sharma, director-research at Crisil Intelligence, said the cost of meals defied the typical seasonal uptick in July, and thali costs are expected to remain lower on-year going ahead, owing to the high base of steep tomato prices last year. 'Anticipated higher production of pulses is also likely to soften prices. However, the extent of the decline may be limited as potato and onion prices are expected to remain firm going forward,' Sharma reckoned. Crisil calculates the average cost of preparing a thali at home based on the input prices prevailing in north, south, east and west India. The monthly change reflects the impact on the common man's food spends. The data also reveals the ingredients such as cereals, pulses, broilers, vegetables, spices, edible oil and cooking gas, that drive the change in the cost of a thali.
Mint
6 days ago
- Business
- Mint
Rise in credit demand enables NBFCs to expand investor base, says Crisil report
The rising demand in India's retail credit market has thrown up new opportunities for Non-Banking Financial Companies (NBFCs) to widen their investor base, as per a recent report by Crisil Intelligence, ANI reported. The growing demand in India's retail credit market has opened new opportunities for Non-Banking Financial Companies to expand their investor base, according to a recent report by Crisil Intelligence. The report highlighted the strong and consistent growth seen in the Indian retail credit space and predicts continued momentum over the next few years. It stated, 'The increasing demand and positive sentiments in the Indian retail credit market present an opportunity for both banks and NBFCs to broaden their investor base.' With more retail borrowers jumping on the bandwagon, NBFCs have the opportunity to diversify funding sources and woo new categories of investors. The report shows that the retail credit market in India has been growing at a fast pace and is projected to register a compound annual growth rate (CAGR) of 14-16 per cent between FY25 and FY28. This strong growth trajectory is steered by steady demand for various retail credit products such as housing finance, gold loans, education loans, vehicle financing, consumer durables, personal loans, credit cards, and microfinance. As of FY25, the total retail credit in India stood at Rs. 82 trillion, reflecting a strong CAGR of 15.1 per cent between FY19 and FY25. In FY25 alone, retail credit grew by 14 per cent, backed by consistent demand in key asset segments like housing and auto. Additionally, the consumption-led growth in credit card usage and personal loan demand also played a significant role in this growth. The report also showed a substantial gap in retail credit penetration in India. As of calendar year 2024, India's household credit-to-GDP ratio stood at 42 per cent, significantly lower than China's 60 per cent, the United States' 69 per cent, and the United Kingdom's 76 per cent. This indicated vast potential for further credit growth in India, especially in underserved segments. Moreover, India's overall credit-to-GDP ratio was 93 per cent in CY2024, compared to 138 per cent for the United Kingdom and 198 per cent for China. This further pointed out the headroom available for credit expansion in the country. The report also showed that growing financial awareness, government initiatives aimed at financial inclusion, and improved access to credit for the underserved population are expected to boost credit penetration. The surge will primarily be led by retail credit, creating an expansive opportunity for financial institutions to grow. Disclaimer: Mint has a tie-up with fintechs for providing credit; you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit, as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
Time of India
7 days ago
- Business
- Time of India
NBFCs have an opportunity to expand investor base: Crisil
The rising demand in India 's retail credit market has opened new opportunities for Non-Banking Financial Companies (NBFCs) to expand their investor base, according to a recent report by Crisil Intelligence. The report highlighted the strong and consistent growth seen in the Indian retail credit space and predicts continued momentum over the next few years. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program It stated, "The increasing demand and positive sentiments in the Indian retail credit market, presents an opportunity for both banks and NBFCs to broaden their investor base." With more retail borrowers coming into the fold, NBFCs have the chance to diversify funding sources and attract new categories of investors. According to the report, the Indian retail credit market has been growing at a rapid pace and is projected to register a compound annual growth rate (CAGR) of 14-16 per cent between FY25 and FY28. Live Events This robust growth trajectory is driven by steady demand for various retail credit products such as housing finance, vehicle financing, gold loans, education loans, consumer durables, personal loans, credit cards, and microfinance. As of FY25, the total retail credit in India stood at Rs. 82 trillion, reflecting a strong CAGR of 15.1 per cent between FY19 and FY25. In FY25 alone, retail credit grew by 14 per cent, backed by consistent demand in key asset segments like housing and auto. Additionally, the consumption-led surge in credit card usage and personal loan demand also played a significant role in this growth. The report also highlighted a substantial gap in retail credit penetration in India. As of calendar year 2024, India's household credit-to-GDP ratio stood at 42 per cent, significantly lower than China's 60 per cent, the United States' 69 per cent, and the United Kingdom's 76 per cent. This indicated vast potential for further credit growth in India, especially in underserved segments. Moreover, India's overall credit-to-GDP ratio was 93 per cent in CY2024, compared to 138 per cent for the United Kingdom, and 198 per cent for China. This further pointed out the headroom available for credit expansion in the country. The report concluded that rising financial awareness, government initiatives aimed at financial inclusion, and improved access to credit for the underserved population are expected to boost credit penetration. The surge will primarily be led by retail credit, creating an expansive opportunity for financial institutions to grow.
Time of India
04-08-2025
- Business
- Time of India
Digital media claims 46% of India's Rs 1 lakh crore ad market: Crisil
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India's advertising industry has crossed the Rs 1 lakh crore mark, with digital media emerging as the dominant force, cornering nearly 46% of the total ad spend in fiscal 2025, according to Crisil Intelligence The advertising market has grown at a compound annual rate of 6–7% over the past five fiscal years, but the most significant shift has been in the allocation of ad media, which once accounted for nearly two-thirds of the market, has seen its share shrink drastically. In fiscal 2020, television, print, and other conventional formats held around 65% share, but that has declined to 46–47% last advertising, which constituted just 24% of total spend in fiscal 2020, has nearly doubled its share in five years. This trend is expected to continue. Crisil expects digital ad spending to grow by 9–11% this year, while traditional media is likely to stagnate.'The shift is evident in the ad spend patterns of major consumer-facing sectors such as fast-moving consumer goods (FMCG), automobiles and e-commerce,' said Pushan Sharma, Director, Crisil Intelligence. 'FMCG companies now allocate 55–60% of their ad budgets to digital, up from 30% in fiscal 2020. This includes content creator collaborations, targeted ads and other digital formats. Automobile companies have also increased their digital ad spends to 35–40% in fiscal 2025, compared with 15–20% in fiscal 2020. Similarly, for e-commerce players, digital channels now account for up to 60% of ad spends.'The digital ecosystem itself has evolved. In fiscal 2020, search dominated with a 40–42% share of digital spend, followed by social media at 31–33%. But by fiscal 2025, social media's share has surged to 40–45%, driven by short-form videos and creator-led content. YouTube's share has also risen significantly to 20–22% due to its ubiquity across urban and rural India, ease of access, and ad-supported free content. Meanwhile, the share of search has declined by 5–6 percentage points, a sign of a maturing and more diverse digital advertising Master, Associate Director, Crisil Intelligence, linked the shift to rapid digital adoption. 'This shift is closely linked to India's digital evolution. Smartphone users rose to 700 million in 2024 from 500 million in 2019. Mobile data in India is among the cheapest in the world, averaging just $0.16 per gigabyte (GB), compared with $2.50 globally. Average daily screen time has increased to over five hours a day from four in 2019, with OTT and social media accounting for 60% of it. A growing share of time is spent on passive browsing of short-form videos or trending content, highlighting the ongoing shift to instant, immersive formats without deep engagement.'Traditional platforms are also being squeezed by structural shifts. TV broadcasters are losing viewers to OTT services, while distribution networks are losing ground to fibre-based services. The direct-to-home (DTH) segment alone lost more than 10 million subscribers between December 2020 and 2024. Print media, meanwhile, faces stagnant circulation and falling readership, with a decline of nearly 500 basis points over five years, as readers and advertisers shift to digital news forward, Crisil believes the trajectory toward digital is irreversible. Digital platforms offer greater targeting accuracy, better cost efficiency, and more measurable engagement, making them attractive even to traditional advertisers. Brands are increasingly adopting digital-first strategies to keep pace with consumer the report notes that much of India's digital ad spending is going to foreign-owned platforms, such as Meta and Google. 'Thus, there is a case to build and support domestic digital platforms to retain greater value within the country and ensure India plays a more active role in shaping its digital future,' the report adds.
