INDIAS ECONOMY BRIGHT SPOT
Taiwan, India threaten China’s top spot in EM equity portfolios
The rise of Taiwan and India is allowing investors to better diversify by betting on artificial intelligence chipmakers and the infrastructure boom coming from Modi’s programs to modernize the country. As the US rate cycle peaks out, having attractive options in emerging markets is fundamental to any pivoting of capital flows.
Charting the global economy: Inflation ebbs in US, France, Spain
With inflation settling down in many European economies, there are signs that central banks in the areas could reduce interest rates.
It's time for GoI to expose biased global rankings & create honest indices in India
India's falling rankings in global indices, such as the Global Gender Gap index and Corruption Perceptions Index, raise concerns despite its rapid progress in digitalisation. The country's low rankings in various global indices, including the UN's e-Government Development Index and International Telecommunication Union's ICT Development Index, highlight a disconnect between its economic growth and global recognition.
China's May industrial output misses forecasts, retail sales a bright spot
China's industrial output fell below expectations, leading to calls for fiscal and monetary policy support. Retail sales exceeded forecasts, driven by global demand.
Own midcaps? Do a check & balance exercise to avoid decision of haste: 7 midcaps from different sectors with an upside potential of upto 49%
Every now and then the market goes through phases, where it prefers a certain set of stocks, not based on sector but based on the overall market cap. So, sometimes it is large caps, at other mid-caps. Now this partially happens, due to the flows which are coming to markets. For example, if more flows are coming to mid-cap or multicap schemes there is bound to be out performance in the mid-cap space. Now what it does is that it tends to create a sudden surge in mid-cap. Similarly when there is an outflow like the kind of one which we saw in March this year, midcap stocks tend to decline sharply. Essentially, it is the flows which impact the broader matrix of how midcaps behave. So there are phases not owning a midcap stocks appeared to sin and then there phase, where owning them appears to be sin. But if one focuses on the underlying business and some critical parameters, there is a possibility of getting rid of these phases of anxiety which keep coming to the street and create long term wealth.
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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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.
Lok Sabha elections: What the new govt's road-ahead might look like
Vote counting is scheduled for June 4, and analysts anticipate Prime Minister Narendra Modi securing a third consecutive term.
RBI projects real GDP growth at 7% in FY25, says outlook for Indian economy remains bright
The Reserve Bank of India's annual report projects a 7% growth for the Indian economy in the current fiscal year. It highlights the economy's resilience and sustained strengthening of macroeconomic fundamentals. The report notes a robust expansion in the previous fiscal year, with real GDP growth reaching 7.6%. Despite headwinds, the outlook remains positive due to government investments and consumer optimism.
RBI's balance sheet size is now 2.5x the size of Pakistan's GDP
The Reserve Bank of India's balance sheet grew by 11.08% to Rs 70.48 lakh crore as of March 31, 2024. The RBI's income rose by 17.04%, while expenditure decreased by 56.30%. Consequently, the RBI's surplus increased by 141.23% to Rs 2.11 lakh crore, transferred to the Centre.
India's robust LNG imports are Asia's standout, but higher prices may weigh: Russell
The surge in arrivals comes even as the spot price for delivery to North Asia has been rallying, rising from a near three-year low of $8.30 per million British thermal units (mmBtu) in the week to Feb. 23 to a five-month high of $12.30 last week.
Diplomatically, India is in a 'very sweet spot': Ex-South Korean Foreign Minister Dr. Kyung-wha Kang
Asia Society, a global think tank, has highlighted India as the fastest-growing economy with significant potential. The Asia Society India Center, founded in 2022, focuses on community-building and arts programming in South Asia. The Asia Society Policy Institute in Delhi conducts policy research and promotes awareness of India's strategic priorities and decision-making. The organization plans to deepen its engagement with India in the Indo-Pacific region, leveraging India's growing economic and political might.
RBI's Rs 2.1 lakh crore payout: When it all adds up to deliver a windfall to govt
At a time when some of the central banks in the advanced world have reported losses and negative equity, RBI will hand over a dividend cheque of more than ₹2.1 lakh crore to its sole owner, the government.
India can become third largest economy by '27-28: Arvind Panagariya
"The growth in nominal dollar terms had been at about 10.2% during this period (2004-2024) and mind you that during this period we had to deal with the global financial crisis and then with Covid," Panagariya said, in his address at CII annual business summit.
India could become 3rd largest economy by 2027-28, extreme poverty in rural areas largely conquered: Arvind Panagariya
Arvind Panagariya, Chairman of the 16th Finance Commission, predicts that India could become the world's third-largest economy by 2027-28 if it sustains its growth trajectory of the past two decades. He notes that extreme poverty, which currently affects less than 3% of the population, has significantly declined, especially in rural areas. Panagariya emphasizes the need to address under-employment in agriculture by transitioning workers to the industrial and services sectors for faster urbanization.
India all set to overtake Japan as 4th largest economy by 2025, predicts Amitabh Kant
The size of India's GDP is currently ranked 5th, after the US, China, Germany, and Japan. It overtook the UK in 2022. Just a decade ago, Indian GDP was the eleventh largest in the world. Currently, India's GDP is estimated to be around USD 3.7 trillion.
Consumer companies on recovery path; FY25 India business looks bright
Global and Indian companies like Coca-Cola, Apple, and Reliance Retail anticipate a successful year ahead with strengthened demand post-March, despite global economic challenges. Robust growth forecasts are backed by increased consumer spending and a positive outlook for India's GDP.
India a bright spot in the Asia-Pacific region in 2023: UN’s Economic and Social Survey of Asia and the Pacific 2024
According to the Survey, released on Thursday, India’s performance in 2023 has been helped by its lack of external exposure, both to the developed world and to China. Instead, the growth drivers for the country are primarily domestic, it said.
ET maintains top spot in February 2024 in business & financial news segment
In February 2024, Comscore data reaffirmed EconomicTimes.com's status as the top Indian website choice globally for individuals seeking business, market, and financial news, with 31.53 million Unique Visitors from India and the USA.
Ujjwala burning bright?
On the face of it, the scheme reflects an incomprehension of rural India's political economy. The countryside is littered with unused LPG stoves and empty gas cylinders distributed free under the scheme. More than 58% of rural households don't use LPG, even though data shows they have a connection. For these households, the money could have been better spent. We will need more than a subsidy of ₹300, covering about 27% of the cost of a gas cylinder, to incentivise rural households to move to an expensive, even though cleaner, cooking fuel.
India has moved to 5th spot from 10th in world in terms of economy: Sitharaman
The senior Bharatiya Janata Party (BJP) leader said this is the first government in the country that listens to people, then makes schemes and works to deliver the benefits of such schemes to people. "The BJP is such a party in which even the smallest worker can reach the highest position by working for the party," she said. Claiming that the INDIA opposition bloc has disintegrated, Sitharaman said nothing is achieved by taking photographs.
Food inflation to moderate in coming months, outlook for Indian economy appears bright: Monthly economic review
The Department of Economic Affairs released the monthly economic report for January, indicating an expected moderation in food inflation in the coming months. Retail inflation dropped to a three-month low of 5.1% in January 2024. The report highlighted a decline in price indices for vegetables, pulses, and overall food items, suggesting further moderation in food inflation. With core inflation stabilizing and food prices moderating, the outlook for low headline inflation appears promising.
ET Now GBS 2024: India bright FDI spot on global map despite rates soaring worldwide, says Piyush Goyal
Uttar Pradesh has transformed from a BIMARU state to a most-favoured state through honest governance. The fight against corruption has seen notable successes in states like Telangana and Andhra Pradesh. The government aims to build an inclusive society and empower the less privileged.
India continues to be bright spot of world despite challenges: Piyush Goyal
Commerce and Industry Minister Piyush Goyal stated that global economic uncertainties have impacted foreign direct investment (FDI), but India will continue to be a bright spot for overseas players. Goyal emphasized that when signing free trade agreements (FTAs) or bilateral investment treaties (BITs), the government ensures that the terms are favorable for India.
India is a global bright spot, but some neighbours are ahead on indicators
On Republic Day, it is opportune to assess India's economic strength, particularly noteworthy in times of global uncertainty, and evaluate its performance in terms of income and health outcomes in comparison to neighboring South Asian countries. In brief, India has outperformed certain neighbors but not all of them.
India's economy burns bright, but watch out for these 4 risks in 2024
India recorded a GDP expansion of 6.1 per cent in the March quarter. The growth moved up to 7.8 per cent in the June quarter and was 7.6 per cent in the September quarter. For the first six months of this fiscal, the growth was 7.7 per cent. Yet, there are risks to the economic growth and stability in 2024.
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.
India 'bright spot' amid despondency and churn in geopolitical landscape: Army chief
Chief of Army Staff Chief Gen Manoj Pande emphasized India's outlook, focusing on respecting sovereignty and territorial integrity, peaceful dispute resolution, and adherence to international rules and regulations, amid ongoing border tensions with China. He highlighted India's commitment to engaging stakeholders positively and expanding defense cooperation outreach with friendly foreign partner nations.
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