{"id":546074,"date":"2023-01-04T11:15:31","date_gmt":"2023-01-04T05:45:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=546074"},"modified":"2023-01-04T11:15:31","modified_gmt":"2023-01-04T05:45:31","slug":"road-logistics-sector-to-see-11-13-growth","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/road-logistics-sector-to-see-11-13-growth\/","title":{"rendered":"Road logistics sector to see 11%-13% growth"},"content":{"rendered":"<p>Chennai: Indian road logistics sector is likely to see around 11%-13% growth in FY23 said a latest report by ICRA. This is up from its earlier estimate of 7%-9% growth. The upward revision is on account of a favourable demand environment coupled with firm freight rates.<\/p>\n<p>The numbers though will look better thanks to base effect given that FY2022 had a weak first quarter, while the second wave of Covid-19 raged. According to ICRA, revenue growth will be at a higher single digit for FY2024 over FY2023 on an elevated base and continuation of a healthy demand scenario.<\/p>\n<p>The report also listed some possible downside risks including emergence of any further waves or new variants, as witnessed in a few countries, and its ripple effects on India, given its strong linkages to economic activity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chennai: Indian road logistics sector is likely to see around 11%-13% growth in FY23 said a latest report by ICRA. This is up from its earlier estimate of 7%-9% growth. The upward revision is on account of a favourable demand environment coupled with firm freight rates. The numbers though will look better thanks to base effect given that FY2022 had a weak first quarter, while the second wave of Covid-19 raged. According to ICRA, revenue growth will be at a higher single digit for FY2024 over FY2023 on an elevated base and continuation of a healthy demand scenario. The report [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,221,137],"tags":[],"class_list":["post-546074","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/546074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=546074"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/546074\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=546074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=546074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=546074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}