India’s gross domestic product (GDP) will grow by 8% or more in the fourth quarter of current fiscal year, Finance Minister Nirmala Sitharaman said on Saturday. Sitharaman said that the economy is expected to show the same rate of year-on-year expansion for the 2023/24 financial year due to the impact of improved inflation management and …
“Given the current scenario, deploying 80% of the equity allocation through weekly STP over the next 8-10 weeks is advisable, with the remaining allocation to be adjusted post-election, depending on the prevailing conditions. STP/SIP remains the preferred route for investing,” says Kshitiz Mahajan, CEO of Complete Circle Wealth. In an interview with ETMarkets, Mahajan said: …
“Japan is a very strong story and it trades only about fourteen-and-a-half times one year forward PE,” says Jonathan Garner, Morgan Stanley.So, are you saying we should expect only, let us say, mid-single digit kind of realistic return expectation from the Indian markets as well?That is the base case. As I mentioned, the bull case …
The World Bank warned on Tuesday that global growth in 2024 is set to slow for a third year in a row, prolonging poverty and debilitating debt levels in many developing countries. Hamstrung by the COVID-19 pandemic, then the war in Ukraine and ensuing spikes in inflation and interest rates around the world, the first …
The prevailing high-interest rates since May 2022 have had a minor impact on the affordable housing demand in India. The affordable housing segment, by virtue of being in the smaller ticket segment, is relatively less rate-sensitive than the mid and luxury segments. Rate hikes of 250 bps in a short period of less than a …
The Indian economy kept its momentum, growing nearly a percentage point higher than expected at 7.6% in the second quarter, buoyed by the manufacturing and construction sector, with experts suggesting an upside to the full-year number. “Given the higher than forecast outcome for Q2, we are revising our FY2024 growth forecast to 6.2% from 6.0%,” …
Writer Russell Bakes once said, “Ah, summer, what power you have to make us suffer and like it.” While Mr Bakes was speaking about the season, the same may be broadly applicable to most asset classes that the retail investor can look at in the next six months, i.e. till next summer. And like the …
In his paper, ‘The Correlation Between Economic Underdevelopment and sport’ published in 2001 in the European Sport Management Quarterly, former International Association of Sport Economists vice president Wladimir Andreff showed that the probability of a country winning medals at the Olympic Games increases with GDP per capita and population. According to Andreff, the only basic …
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Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights NEW YORK, Sept 13 (Reuters) – The dollar index was higher on Wednesday, after U.S. economic data showed inflation increased for August but did little to alter market expectations for the path of rate hikes from the …