Insta
Demonetisation To Hit Real Estate Sector: Moody’s
Construction/Real estate
Global credit rating agency Moody's Investor's Service on Wednesday (30 November) said volumes in the real estate sector would be negatively affected in 2017 due to demonetisation.
Sector-wise, the outlook for exploration and production firms reflects higher production volumes, low subsidy burdens and a recovery in oil prices, which will offset lower natural gas prices and higher royalty payments.
In the automobile sector, companies will benefit from improving customer sentiment following an above-average monsoon season, expected falling vehicle prices when the Goods and Services Tax comes into force from April 2017.
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