GROSS FIXED CAPITAL FORMATION
ITR filing: How to calculate taxable income for salaried, professional, freelancers and others
ITR filing: If you are a salaried individual then you need to know how to calculate taxable income for salary, professional, capital gains and other incomes. Once you have calculated the gross total income from various heads of income, you can claim deductions to reduce your net tax payable. Read here to know more.
Jigar Mistry on five sectors where investors can allocate fresh capital
Mutual funds, if you look at the smallcap number of folios, that has gone up 4x in under three years. We have now more smallcap folios than midcap or largecap number of folios.
Dinesh Kumar Khara picks 4 sectors which are on cusp of strong growth
Well, of course, I think the way things are emerging, I always say that the growth is a function of how the GDP or the macro will look like and our expectation is that the macro growth should be somewhere in the range of 7.5 to about 8. And if at all that is the kind of a situation, I think around 14-15% kind of a growth should be a reality.
Now, here's an India plan
The path to a developed economy by 2047 needs to be sustainable and inclusive. Boosting rural consumption is an immediate requirement. But this can't come at the cost of a disconnected fiscal policy, which may create an untenable level of debt. Similarly, physical and digital infrastructure development needs to be addressed more consciously, keeping in mind broader societal needs and environmental challenges.
PE-VC sector's Laapataa Ladies
Take the PE-VC landscape. Venture capital is still a man's game, and underrepresentation of women at the helm translates into a missed opportunity for the entire sector. Several groundbreaking ventures go untapped because the room lacks the perspective that resonates with a significant portion of the market. There is gross underrepresentation of women, both as entrepreneurs and investors.
View: GOI has the solution of India's economic puzzle but it needs to let go fiscal hesitations
India's economy is thriving with 8.2% GDP growth, strong public investment, and tax revenues. However, weak consumer demand and private capex remain issues. To boost growth, the government should create more public sector jobs, increasing incomes and consumption, funded by local savings.
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Financials, capital goods likely to lead; expect rotation in defence, railway names: Gurmeet Chadha
There is indeed a shortage, and discounts have virtually disappeared, not just for air conditioners but also for refrigerators and air coolers. Companies like Voltas performed well initially, but their recent results, especially in the EMPS space, were disappointing.
India's plan of becoming the fastest-growing G20 nation may hinge on the weather
India's precarious balance between human ingenuity and environmental fragility is under threat as record-breaking temperatures and extreme weather events amplify the challenges faced by its vast population. The path to prosperity is hindered by climate change, highlighting the urgent need for sustainable solutions to secure India's future.
Indian economy is on a firm footing: RBI annual report
The Reserve Bank of India's annual report highlights the Indian economy's firm footing, driven by improved external sector sustainability and robust corporate balance sheets. It projects 7% GDP growth for 2024-25, supported by strong macroeconomic fundamentals, production-linked incentive schemes, and an expected above-normal monsoon, despite global uncertainties and challenges.
Risk-adjusted returns in rural-linked stocks could be quite significant: Anshul Saigal
Lots of segments are monopolies in this space and there is bound to be interest in this space. There will be further interest in this space and there could be further upsides. Again, easy money has been made, but there is still money on the table and one will have to choose pockets.
Pvt sector capex likely to expand amid expectations of high growth: Experts
CII's business confidence index touched a 12-quarter high in Q4FY24, with 51% of firms expecting capacity utilisation of 75% and above. Moreover, 71% expect an improvement in private capex in the first half of FY25 compared with the second half of FY24.
Private sector's investment share declined to the lowest level in four years in FY23
Public non-financial corporations or public sector companies were the worst performers as their share in investment declined to 9.4%, the lowest level in 12 years. The share of households in investment also declined to 40.5% in FY23 from 41.4% in FY22.
Ind-Ra raises India's FY25 GDP growth estimate to 7.1 pc: Strong government-private investment propel economic momentum
India Ratings and Research (Ind-Ra) has revised India's GDP growth estimate for FY25 upwards to 7.1 per cent, exceeding the Reserve Bank of India's forecast of 7.0 per cent. The agency's outlook is supported by government capital expenditure and a revival in private sector investment. Challenges include uneven consumption demand and export sector obstacles. Despite positive indicators, constraints remain, such as high inflation and geopolitical uncertainties affecting exports.
OECD revises India's FY25 growth forecast upward to 6.6%
OECD revised India’s FY25 growth forecast to 6.6%, citing strong investment and business confidence. Public sector investment will be crucial, with inflation expected to decrease, leading to rate cuts. Emphasis on fiscal deficit, agricultural reforms, and global growth.
Rise in investments will generate more jobs this decade: CEA
V Anantha Nageswaran anticipates more job opportunities with improved capital formation, evidenced by positive signs in various sectors. The economy shows potential for growth with streamlined policies and a focus on job creation.
India's capex cycle to continue: Morgan Stanley
Morgan Stanley predicts India's capital expenditure cycle will continue, driven by government spending and a revival in private investment. The bank predicts India's investment ratio to rise to 36% of GDP by FY27, from 34% in FY24. The Indian government predicts 7.6% GDP growth in FY24. The central government capex is expected to rise to 3.4% of GDP in FY25, while the investment ratio increased by 12 percentage points to 39% in FY08.
Corporate tax rate cut led to rise in pvt investments, credit growth: FM Sitharaman
Finance minister Nirmala Sitharaman stressed the positive impact of the corporate tax rate cut on private investments and credit growth. She emphasized the need for capacity expansion in high employment potential areas. India is negotiating free trade agreements and has facilitated direct benefit transfers.
Digging deeper: Do India’s stunning 8.4% Q3 GDP numbers have more to it than what meets the eye
In Q3FY24, the Indian economy outperformed expectations, growing at 8.4%, surpassing the predicted 6.6% rate. However, a significant divergence between GDP and GVA raised concerns, with GVA growth at 6.5%. Economists caution that the high GDP may not reflect balanced growth, citing a decline in agriculture, uneven private consumption, and increased reliance on public capex.
FPIs investment in debt market over 6-year high at Rs 19,800 crore in January
Foreign Portfolio Investors (FPIs) have injected over Rs 19,800 crore in the country's debt market in January, making it the highest monthly inflow in more than six years, on the back of inclusion of Indian government bonds in the JP Morgan Index.
Budget 2024: Capex, fiscal deficit & more; here's a look at all the key numbers you need to know
Union Budget 2024: Union Finance Minister Nirmala Sitharaman presented the 'Vote on Account' budget for FY25, focusing on women, youth, farmers, and the poor. The budget aims to address financial needs until a new government is formed after elections. The government has raised the capital expenditure target by 11.1% to Rs. 11.11 lakh crore, representing 3.4% of the GDP.
US Treasury yields slip as market awaits GDP, Fed meet next week
U.S. Treasury yields slid on Wednesday as investors awaited the first read of fourth-quarter U.S. gross domestic product for 2023 and next week's meeting of the Federal Reserve that may hint at when policymakers begin a much-anticipated cut to interest rates.
Private investments likely to gain pace in second half: CII President
"We actually found a significant majority of our members, which we surveyed, saying that their investments in H2 are going to be higher than H1. Investments are also more broad-based this time," Dinesh said, adding that even capacity utilisation is between 75% and 95% for most sectors.
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.
Barclays, Citi raise India's growth closer to 7% after GDP beat
Barclays Plc and Citigroup Inc. predict the economy will now expand 6.7% in the fiscal year ending in March, up from previous forecasts of 6.3% and 6.2%, respectively. Several other analysts also bumped up their estimates.
Opt for firms with steady capital expenditure: 5 stocks with up to 32% upside potential
Given the buoyant demand environment, the companies that have invested in the expansion of their business operations are likely to perform better.
Healthy balance sheets, cash flows lift India Inc's capex spends
India's corporate capex spending is rising due to rising cash flows and improving balance sheets, with three out of four companies from a sample of 373 of the S&P BSE 500 index reporting year-on-year improvement in gross fixed assets for FY23. Mainly oil and gas, metals and power firms form a major part of incremental GFA.
August GST collection likely to be in range of Rs 1.42-1.43 lakh crore: Ajay Seth
Economic Affairs Secretary Ajay Seth said on Wednesday. The final numbers for GST mop-up will be out tomorrow. On the govt expenditure in Q1, the DEA secretary said that Rs 1.7 lakh crore was spend in the quarter ending June. Seth also said that the Gross fixed capital formation grew 34.7 per cent in April-June, which was highest in 10 years.
Govt pegs India's FY22 GDP growth at 8.7%; Here are the key highlights
The Indian economy’s growth moderated to 4.1% on an annual basis in the last quarter of the previous fiscal while the growth rate for FY22 has been pegged at 8.7%, government data showed on Tuesday. Here are some key highlights.
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