Page 2 - Macroeconomics

Poor performance of public entities a risk to fiscal outlook: Pak FinMin

In recent years, the inflation rate in Pakistan has been volatile, influenced by various factors like currency devaluation, energy, and food prices in the global market

IT firms' growth in Q1 FY24 lowest in 10 qtrs, slowdown to get worse: ICRA

Order book and deal pipeline of most companies remain strong, says ratings agency

Macroeconomic, geopolitical conditions pose risks to organisations: Survey

With the world facing growing economic instability and political tensions, volatility in geoeconomic and geopolitical relations between major economies is likely to result in global upheavals over the next six months, a new survey showed on Thursday. According to the survey of the World Economic Forum's Chief Risks Officers community, more than 85 per cent of CROs expect some level of continued volatility and economic and financial conditions within and across major economies. Armed conflicts and regulatory changes are also cited as potential threats to organisations, while over 75 per cent of CROs believe the use of AI technologies poses reputational risks to their organisations. The community comprises 40 risk professionals from a wide range of multinational companies, covering technology, financial services, healthcare, professional services and industrial manufacturing. Respondents to the survey identified macroeconomic indicators, pricing and supply disruptions of key raw ...

BFSI, tech clients spending more on cost-optimisation deals: Wipro chairman

Macroeconomic environment remains challenging, impacting client spending: Rishad Premji

Weak discretionary spend likely to weigh on IT cos' revenue in Q1

Weak discretionary spending across verticals, especially in financial services, telecom and hi-tech, could contribute to weak trends

FPIs invest Rs 37,316 cr in May on strong domestic macro fundamentals

Foreign Portfolio Investors (FPIs) have pumped Rs 37,316 crore in Indian equities in May so far, primarily due to strong macroeconomic fundamentals and reasonable valuation of stocks. This is the highest investment by FPIs in the last six months. Before this, they made a net investment of Rs 36,239 crore in equities in November 2022, data available with the depositories showed. Going forward, a resolution on the US debt ceiling and good domestic macro-economic data could prove to be positive for the markets and may lead to fresh flows of assets from foreign investors, Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said. The outlook for FPI flows has significantly improved, primarily due to the completion of the quantitative tightening cycle in the US and India's recent outperformance in comparison to global equities, Shrey Jain, founder and CEO of SAS Online, said. According to data from the depositories, FPIs invested a net sum of Rs 37,317 crore in

Private equity inflows plunge over 75% to $2.2 bn in March quarter: Report

Private equity inflows plunged 75.4 per cent to USD 2.2 billion in the March quarter, making it the sixth consecutive quarter of decline, amid global macroeconomic and geopolitical headwinds, according to a report. At USD 2.2 billion of inflows, this is the lowest private equity investment in the country since 2018, when it stood at USD 1.7 billion, according to the data tabulated by the financial markets data and insights provider Refinitiv, an LSEG Business unit. Internet-specific and computer software companies continued to attract the largest share of private equity capital, the report said. However, its share declined to 58 per cent from 75 per cent in the same period last year, primarily due to fewer deals. With turbulent market conditions and uncertainty, private equity fundraising activity also fell 41 per cent this year compared to the first quarter of 2022 and saw a 45 per cent decline sequentially. On a sequential basis, the Q1 decline was 31.9 per cent year-on-year when

Japan books $16.6 bn current account surplus for 2nd consecutive month

Japan logged a current account surplus of $16.6 billion in February, the Finance Ministry said in a report on Monday

Global cellular IoT module shipments grew by 14% in 2022, says report

Global cellular IoT module shipments grew 14 per cent (year-on-year) in 2022 to register a record high annual volume, despite macroeconomic headwinds, a new report said on Wednesday

G20 Framework Working Group meeting to discuss macro-economic issues: CEA

A host of global issues pertaining to inflation, energy security and climate change would be discussed in the G20 second Framework Working Group meeting scheduled to begin Friday, Chief Economic Advisor V Anantha Nageswaran said here on Thursday. India along with the United Kingdom would play a 'facilitator role' in discussing the issues with member countries during the two-day summit, he said. "The Framework Working Group of the G20 Finance Track will discuss global macro economic issues of relevance today. It will deliberate on how international policy cooperation can be enhanced to achieve strong sustainable balance and inclusive growth across G20 nations," Nageswaran told reporters. He said the first meeting of the Framework Working Group was held in December 2022 in Bengaluru and "significant progress" was made. "Some of the goals that Indian G20 Presidency is pursuing includes international cooperation to address macro-economic impact of food, climate change and energy ...

Strong macroeconomic trends improve credit quality of finance cos: S&P

The credit quality of Indian finance companies will continue to improve owing to the country's strong macroeconomic trends, said S&P Global Ratings.

India's macro stability indicators to improve in FY24: Morgan Stanley

"We expect CPI inflation to average 5.5 per cent (6.7 per cent in F23 estimates) and the current account deficit to track at 2.5 per cent of GDP in F24 (2.9 per cent in F23 estimates)"

Top VC firms reduce investments in India amid macroeconomic uncertainty

With late-stage funding rounds becoming tougher, they are focusing more on due diligence, profitability path, governance and early entry into companies at lower valuations

Certainly, uncertainty has declined

Over the past year, global macroeconomic stability has improved, which sets the stage for good growth from 2024

Prioritising stability over growth

The backdrop of the Budget augurs well for the government, but a closer look calls for a cautious approach

Global macro headwinds may moderate growth for Indian IT industry: Icra

The evolving global macroeconomic headwinds could moderate growth for Indian IT services industry over the medium term, ICRA said on Wednesday. Rating agency ICRA, in its recent research report, has cited that given the Indian IT services industry generates about 60-65 per cent of revenues from the US market and 20-25 per cent from the European market, it remains susceptible to macroeconomic uncertainties and adverse regulatory changes in these key operating markets. Deepak Jotwani, Assistant Vice President and Sector Head of ICRA, said: "Growth in the BFSI (Banking, Financial Services and Insurance) segment, one of the key segments for IT companies, has tapered more than other segments in recent quarters, and this is partially attributable to lower lending activity". If the macroeconomic headwinds persist, the mortgage lending and the retail segments are expected to witness relatively higher moderation in growth, compared to the manufacturing and healthcare segments. "While the ..

Global smart home devices market may shrink 2.6% to 874 mn units in 2022

Worsening macroeconomic conditions have led to a reduction in the outlook for global smart home device shipments

Govt committed to macroeconomic fundamentals, financial stability: FinMin

The government remains committed towards strong macroeconomic fundamentals and financial stability despite global headwinds, a finance ministry report has said. The current global economy is navigating through incredibly rough waters attributed to global uncertainties, the unfolding of conflict in Ukraine, the reaction of financial and commodity markets to the changing scenarios and tight monetary policy, etc. "However, despite hurdles, the Indian economy has performed reasonably well as compared to other major economies and shown its resilience amidst the global slowdown and global uncertainties," as per the statement on Half Yearly Review of the Trends in Receipts and Expenditure in relation to the Budget at the end of the first half of FY'23. The budget 2022-23 was presented against the backdrop of recovery from the unprecedented Covid-19 crisis and clues of global uncertainties on account of the war in Ukraine, it said. The fiscal policy led by favourable macroeconomic ...

Foreign outflows, weak IT sector stocks weigh on benchmark indices

Sensex declines in 4 out of 5 sessions in the week, Nifty50 in 3 sessions

India will work to promote universal sense of one-ness as G20 President: PM

"During our G20 Presidency, we shall present India's experiences, learnings and models as possible templates for others, particularly the developing world," the Prime Minister said