EXPANSIONARY DEMAND
Indian senior living segment to grow by 5x by 2030
According to demographic projections, the median age of the country is zexpected to increase from 29 to 38 by 2050, along with a rise in the proportion of aged people (above 60 years) from 11% in 2024 to 21% in 2050. India, in particular, is expected to witness a significant surge in demand for senior care and housing facilities, owing to its 17% share of the 2.1 billion people aged 60 years and above globally, in the next three decades.
Careful with long-term financial cycles
A long-term financial cycle has coincided with, and bolstered, the current investment cycle. That's good and bad news for India's growing economy. The outcome is a higher investment-to-GDP ratio. But there is need for caution. If the financial cycle runs ahead of the business cycle unchecked, eventual stresses could be severe, worsening the inevitable downturn.
Nikkei leads Asia higher as yen skids; commodities in demand
There was also action in commodities as gold reached another record, oil a five-month peak and copper a 13-month top, helping lift shares in basic materials and energy companies.
Fast-growing retail sector fuelling demand for commercial space
Homegrown retail brands like Zudio, D-Mart, Style Union, Ratnadeep, Reliance Trends and Azorte are rapidly scaling up their operations, in turn leasing sizable real estate.
Mindspace REIT net operating income up 10% in December qtr
Mindspace REIT leased 450,000 sq ft of office space in Q4, with a cumulative leasing of 1.6 million sq ft for the financial year. The REIT experienced strong expansionary demand, with over 80% of new and pre-leasing by existing occupiers. Net operating income grew 10.4% to ₹473 crore, reaching ₹1,419 crore for the nine months. The REIT plans to deliver a 4.4 million sq ft development pipeline and has received board approval to divest a land parcel.
Global captive centers fueling demand for large offices
Global centers, particularly in the technology and BFSI sectors, have cornered almost 40% of the significant deals in the top six cities. Notable transactions involve names such as Bank of America, Philips, Wells Fargo, Qualcomm, and CitiBank, with deals concentrated in major southern cities such as Bangalore and Chennai.
Bright lights of a global bright spot
The Indian economy has demonstrated strong resilience, exceeding expectations by achieving a 7.6% year-on-year growth in real terms for the July-September quarter of FY2024, following a 7.8% expansion in the first quarter. Notably, this growth is notable given the challenging global environment.
Indian office market sees steady demand uptrend; key cities’ rentals remain stable
The resilience exhibited by the Indian economy despite the global headwinds and availability of talent continues to help the office property markets in key cities sustain the growth trend.
Navigating yuan’s weakness in India-China trade
The relationship between India and China has been progressing economically, despite tensions over border issues. However, the Chinese yuan has fallen to a six-month low due to economic slowdowns and the emergence of a new COVID-19 variant. Meanwhile, India's economic data has been encouraging, with manufacturing and service in expansionary modes, and the rupee performing consistently. While India's dependence on Chinese imports remains high, a weaker yuan benefits Indian importers, yet erodes profit margins for exporters. Overall, the CNYINR pair is expected to move southward toward 11.20 levels in the upcoming weeks.
Keep up stimulus & sharpen focus on capex, says Economic Survey
The Economic Survey is confident of meeting the fiscal deficit target of 6.8%, backed by targeted expenditure and robust revenue collection, despite additional expenditure this year.
India's logistics space demand resilient: Report
In Asia, the net absorption reached 27.4 million sq ft, a record quarterly high, despite disruption to manufacturing and container shipping, real estate consultancy CBRE's Asia Pacific report said.
RBI Monetary Policy Report: India’s exports in expansionary zone from December 2020
The month of March, incidentally, had brought cheer and hope for the sector as exports showed a whopping double digit growth of almost 58.50 per cent clocking $34 billion compared to March 2020.
No space for expansionary fiscal policy: Ex-CEA Arvind Subramanian
Arvind Subramanian said the govt has no leeway to cut taxes nor it has space to hike GST rates.
If this is a tech bubble, it’s the expansionary phase
That’s a hazard with training too close a lens on the sector’s day-today missteps.
An expansionary Budget can offtrack fiscal deficit target: Tushar Pradhan, HSBC Global
Only an expansionary budget may delay the FRMB target being reached by FY18. But more or less, my assumption is that the targets will be met, says Pradhan.
India's GDP to grow 7.5% this year on domestic demand: UNCTAD
India's economy is expected to grow at 7.5 per cent this year, driven by domestic demand and consumption as well as improved fiscal position due to lower oil import bill, an UNCTAD report said today.
How RBI Governor D Subbarao moved in withdrawing expansionary policies
Subbarao has come a full circle — probably beginning the second round of easing after taking the tightening cycle to a peak.
Demand curbs are necessary: C Rangarajan
The UPA government is currently facing its toughest challenge yet as it looks to rein in inflation without affecting the growth momentum.
Demand revival brings back inflation fears
The warnings of deflation earlier this year are being replaced by fears of inflation as price increases begin to build up again on the back of a demand revival in the economy, excess liquidity and surging commodity prices.
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