Page 26 - Gdp Growth

Mutual funds invest over Rs 2,400 cr in equities in May due to GDP growth

After withdrawing capital from equities in April, mutual funds put in over Rs 2,400 crore in stocks last month, primarily due to robust GDP growth, controlled inflation levels, and balanced liquidity in the economy. Going ahead, stronger inflows from the mutual fund space in equities are expected on positive macro numbers and the current fair value of Nifty, Feroze Azeez, Deputy CEO of Anand Rathi Wealth, said. "Stable GDP growth, low inflation, investor-friendly policies, and global market sentiments towards emerging economies play a significant role in attracting investments from both mutual funds and foreign portfolio investors (FPIs)," Akhil Chaturvedi, Chief Business Officer at Motilal Oswal AMC, said. According to the data available from the Securities and Exchange Board of India (Sebi), mutual funds infused a net sum of Rs 2,446 crore in equities as compared to a net withdrawal of Rs 4,533 crore in April. However, there is a disparity in May's investments between mutual fund

Cash-strapped Pakistan's economy shows 0.29% GDP growth, inflation over 29%

Cash-strapped Pakistan's economy showed a dismal performance during the outgoing financial year with just 0.29 per cent GDP growth and spiralling inflation at over 29 per cent, according to the economic data unveiled by Finance Minister Ishaq Dar on Thursday. Dar launched the Economic Survey 2022-23 at a crowded press conference, an annual ritual performed one day ahead of next year's budget. The survey showcases the economic achievements of the government during the year ending on June 30 amidst political turmoil and unprecedented floods. The documents showed that the GDP growth in the outgoing year remained at 0.29 per cent, missing the target of 5 per cent, including 1.55 per cent in agriculture, 2.94 in industry and 0.86 per cent in the services sectors respectively. All three sectors missed the targets, with the industrial sector contracting to 2.94 per cent from the target of 7.1 per cent growth, the data showed. The survey showed that Pakistan registered 29.2 per cent inflat

India is taking its place on global economic map due to Modi: Rajnath Singh

Rajnath Singh stated that efforts were being made to create a strong, and tech-savvy armed forces on the back of a robust defence industry

7.2% GDP growth is historic given the global situation: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Thursday said a 7.2 per cent growth in GDP in 2022-23 is historic, given the current global economic situation, and going forward India would emerge as a developed nation in the next 25 years. Commenting on Morgan Stanley's report, he said it reflects India's growing global image and fast economic growth. India continues to maintain its streak of world-beating economic growth after GDP for the March quarter beat all expectations with a 6.1 per cent expansion that helped push the annual growth rate to 7.2 per cent. Morgan Stanley in its report said that India, under Prime Minister Narendra Modi, has transformed, gaining a position in the world order and becoming a key driver for Asia and global growth. Last year was challenging as the world was coming out of the impact of the Covid pandemic and the war between Russia and Ukraine, he said, adding that in such a background, developed economy was severely impacted but steps taken by the ..

'Solid performance' to continue in FY24: CEA V Anantha Nageswaran

He said core and food inflation both came down, with a bumper harvest and healthy prospects for kharif season

Sensex slips 347 pts on profit-taking, Nifty holds 18,500; RIL, SBI dip 2%

Stock market live updates: At 7:15, the SGX Nifty futures were down around 30 points at 18,680

GDP preview: Why is India likely to retain fastest-growing economy tag

Growth in services and manufacturing and private investment rebound likely to have helped economy in Q4

Pakistan slashes provisional GDP growth to 0.29% from 2% for 2022-23

The country posted highest ever inflation at 36.4% in April and its currency has depreciated to a historic low

Integrating NE with neighbouring nations could raise GDP by 8%: World Bank

Responding to a query regarding India's potential for export and import in the region, the official remarked that currently India only trades one-third of its potential with the South Asia region

Inflation war not over; FY23 growth may top 7%: RBI Guv Shaktikanta Das

Entire exercise of withdrawing Rs 2,000 note will be completed in a non-disruptive manner, says Das

Combined revenue of listed Tata group's firms tops Rs 10 trillion

But its FY18-FY23 revenue CAGR lags India's GDP growth

Per capita GDP for Bangladesh higher than India till 2022, says IMF

Despite having the fastest growth, India experienced a contraction in FY21, and growth is expected to slow down during the current fiscal year

India's additional green financing need at 2.5% of GDP: RBI report

PSBs more vulnerable to shocks than private banks

India's welfare balm

While many analysts have estimated India's potential annual GDP growth at 7-8 per cent, the most recent figures indicate a subdued rate of 4.4 per cent

India's GDP to grow at 6.2% in FY24, RBI to cut rate in Q1: Morgan Stanley

The report also said the inflation in India is likely to be below 5 per cent in the second quarter of calendar year 2024

When the randomness of monetary policy reminds one of a game of Ludo

The real issue may be that the RBI does not really subscribe to the mandate it has been given, and the govt, in a pre-election year, quietly supports such agnosticism, writes T N Ninan

Rolling the dice on growth

As the inflation rate declines, India has paused its interest rate hikes and there is optimism in the air that we have crossed the cyclical hump of a slowdown and should enjoy strong growth

Toll operators in India to see a revenue jump of 16-18% in FY23: CRISIL

In FY24, the revenue growth will continue to be strong, but it will be a lower 9-11 per cent

Global environment gloomier, India to grow at 6% next year: CRISIL

CRISIL said that the risks to inflation are 'tilted upward' due to the predictions of El Nino over the next couple of months

GDP growth may print at about 4% in Q4FY23: India Ratings analyst

Pencilling in just 4 per cent GDP growth for the fourth quarter, a rating agency report has said the final growth numbers for the full year will be lower than the second advance estimate of 7 per cent. The economy grew at 13.2 per cent in the first quarter and 6.3 per cent in the second three-month period due to base effect and much lower than the consensus expectation of 4.4 per cent in the third quarter. To close the full fiscal with a 7 per cent growth, the GDP should deliver at least a 4.1 per cent uptick. India Ratings analyst Paras Jasrai in a report said the agency expects GDP to print in at around 4 per cent in Q4, which would mean GDP growth for FY23 could be lower than 7 per cent but did not quantify the same. The National Statistical Office, in its second advanced estimate, has retained GDP growth at 7 per cent for the full year, which factors in a growth of 5.1 per cent. However, the agency sees many downside risks to this estimate, such as the pent-up demand, which had