Capital Goods Sector Update - Outlook Remains Healthy: CARE Ratings 
Workers stand next to machinery in the mineral selection shop at the Dongguashan Copper Mine. (Photographer: Qilai Shen/Bloomberg)

Capital Goods Sector Update - Outlook Remains Healthy: CARE Ratings 

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

CARE Ratings Research Report

The Covid-19 Pandemic severely impacted the demand for capital goods in the country as business and industrial activities remained subdued for most part of FY21.

Low capacity utilisation rate and uncertainty caused by the pandemic forced most corporates to defer their capex plans during the year which impacted production of machinery and equipment required to build those capacities.

However, even before the pandemic broke, the sector was going through a challenging period due to subdued global conditions owing to several issues including the U.S.-China trade war.

Click on the attachment to read the full report:

CARE Ratings Capital Goods Update .pdf

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