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Also Read: India's economy likely slowed to an annual 6.7% in January-March, its weakest pace in a year, finds report"Going forward, we expect investment growth momentum to sustain with extra fiscal space for infrastructure spending given a higher than expected dividend transfer by the RBI. As a result, we recently revised our growth forecasts for CY24 slightly higher by 10 bps to 6.7% YoY," Goldman Sachs analysts Santanu Sengupta, Arjun Varma and Andrew Tilton said in a note.India’s growth momentum remains strong and they expect the core inflation will bottom out in April-June 2024 and be around 4.0% - 4.5% in H2CY24.Meanwhile, the Monetary Policy Committee (MPC) members from the RBI have sounded cautious on sticky food inflation owing to supply side disruptions due to the ongoing hot weather conditions in many parts of India.

dollar waned on Tuesday following a slight pick up in risk appetite, but it held tight ranges against its peers ahead of key inflation data from major economies this week that markets are looking to for guidance on the global interest rate outlook. Currency moves were largely subdued in early Asia hours after a quiet overnight session due to holidays in Britain and the United States, but the overall mood was positive with world shares firming.

surplus dividend transfer by the Reserve Bank of India (RBI) to the government stoked expectations of lower North Block borrowing — and, consequently, a narrower FY25 fiscal gap. A fall in government bond yields lowers borrowing costs across the economy as sovereign debt yields are the benchmarks for determining the price of corporate borrowing.

With the Joe Biden administration imposing massive new tariffs on Chinese-made electric vehicles, some experts argue that a American-style tariff may not make sense for Canada.

Congress government in Himachal Pradesh is a bunch of thugs, alleged Union information and broadcasting minister Anurag Thakur while addressing a gathering in his constituency Hamirpur. He is pitted against Congress candidate Satpal Singh Raizada. Ten years of Modi government have made India world's fifth largest economy and your vote for BJP will ensure that Modi government makes India world's third largest economy in the next five years, he said at the gathering. In an interview with ET during his campaign, Thakur said soaring heat seems to have contributed to low voter turnout. One doesn't see much enthusiasm in the Opposition cadres, he said, adding that the morale of Congress and Opposition party workers is not high at all. That is why they «are not turning up to caste votes».

₹20,000 crore, or 23%, according to data from the rural development ministry released recently. The revised FY24 estimate for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) was ₹86,000 crore, and the actual spending has come to ₹1.06 trillion. However, compared to the ₹1.01 trillion spent on rural jobs in FY23, the increase is only about ₹5,000 crore.

Click here to read more Mukesh Ambani is set to enter Africa with a telecoms venture, seeking to win mobile broadband customers in a high-growth market, Bloomberg reported.Radisys Corp., a unit of Ambani-controlled Reliance Industries Ltd., will provide key network infrastructure, applications and smartphones for Ghana-based Next-Gen InfraCo., according to Harkirit Singh, the executive director of NGIC. He described the plans ahead of NGIC’s launch announcement on Monday in Mumbai, India’s financial hub.

Is the Indian stock market fairly valued or overvalued? Experts weigh inSharma emphasised that if the BJP fails to secure 250 seats, the market may experience a sudden downfall of 10-20%. He further said India boasts the world's "most costly" stock market.“It is also why foreign investors are being skittish about coming in.

With Canada’s latest inflation figures paving the way for a policy rate cut, some economists worry another hold by the Bank of Canada could further damage the economy.

Congress president Mallikarjun Kharge on Monday hit out at the Modi government on the state of the economy, exports and the rising trade deficit besides the 'Make in India' programme and accused him of practising «fake» nationalism by making China its biggest trade partner. "Narendra Modi ji speaks about Mangalsutra, Mutton, Machhali, Mughal and Mujra, but does not talk about 'Make in India'? Why Modi ji does not utter a single word on the economy in his numerous election speeches? The answer lies in his Government's abject failure," Kharge said in a post on X. «The 'Make in India' programme has flopped, the PLI Scheme floundered and exports are in a free fall,» he alleged. Drawing a parallel between the Congress-led UPA and 10 years of the BJP-led NDA government, he said the manufacturing growth (at constant 2015 USD) during the Congress-UPA rule from 2004 to 2014 was 7.85 per cent while that during the Modi's NDA rule from 2014 to 2022 was 6.0 per cent.

Tata Motors, the impact of commodity prices, sourcing, semiconductor costs and navigating the maze of sanctions was a challenge for each, except that one entity clearly benefited and made the most like no other - the airline.Also Read: Air India passenger receives broken seat despite paying extra ₹1,000; airline issues apologyAccording to data shared by Cirium, an aviation analytics company, exclusively for this article, there has been an increase of just four frequencies between India and the United States in May 2024, as compared to February 2020, the last month of operations before the COVID-induced lockdown. However, a granular look at the data shows that the American carriers have reduced frequency by 21 weekly flights while Air India has added new flights.

Over the past four years, we have been amazed by the notable increase in the number of demat accounts, SIP investment flows, mutual fund (MF) investor count and similar data. The number of unique investors in Indian equity markets has nearly tripled since 2020 to 90 million.

The poor placement record of India’s top engineering schools this year has received much attention. What went unnoticed are dismal placements at top economics schools. One reason is the growing caution among employers that face multiple global uncertainties.

economy likely grew at its slowest pace in a year in the January-March quarter due to weak demand, according to a Reuters poll of economists who said the possibility of growth significantly surpassing their forecasts was low.The country's gross domestic product (GDP) unexpectedly grew by 8.4% in October-December compared to a year earlier, thanks to a sharp drop in subsidies which provided an artificial boost to net indirect taxes. But economic activity, as measured by gross value added (GVA), showed a more modest 6.5% expansion.Economists in the poll said that situation was unlikely to have been repeated in the last quarter.Growth in Asia's third-largest economy likely slowed to an annual 6.7% in January-March, more in line with the long-term GDP growth rate, according to a Reuters poll of 54 economists.

India and Indonesia, whose populations are growing at a solid pace, stand to benefit as demographics begin to play a bigger role in investment decisions, according to Fidelity International and BlackRock Investment Institute.The investors are focusing on the two nations in emerging Asia, thanks in part to an expected boom in infrastructure spending, which in turn bodes well for the countries’ economies. Both India and Indonesia coincidentally had elections this year, showcasing to the world their ambition to transition into major economic powerhouses with their dynamic population a key strength.

Climate change continues to ravage Africa, which is enduring extreme weather and natural disasters on an unprecedented scale. My own country, Kenya, has just emerged from its longest drought on record, only to suffer devastating floods, which have killed 289 people and affected more than 800,000. Meanwhile, Malawi, Zambia and Zimbabwe recently experienced a severe drought that exposed millions of people to hunger, and the Sahel region was hit by a debilitating heatwave, resulting in more than 100 deaths in Mali.

China’s engagement in the global system of commerce was roundly criticized by Group of Seven finance chiefs in a show of unity accompanied by a threat of further escalation. The club of rich-world ministers and central bankers concluded its gathering in the Italian lakeside town of Stresa on Saturday with a communique that cited the world’s second-biggest economy by name and accused the country of hurting the economies of its trade partners. “While reaffirming our interest in a balanced and reciprocal collaboration, we express concerns about China’s comprehensive use of non-market policies and practices that undermines our workers, industries, and economic resilience,” they said. “We will continue to monitor the potential negative impacts of overcapacity and will consider taking steps to ensure a level playing field.”

Modi — then chief minister of business-friendly Gujarat state — rode an electoral wave to the prime ministership in New Delhi, many expected that he would be far more supportive of the private sector than previous Indian leaders. As a candidate, Modi was quoted as saying: “I believe government has no business to do business,” and one of the many slogans of that 2014 campaign was “minimum government, maximum governance.” That seemed as close to laissez-faire Thatcherism as one could reasonably expect in India. Nobody who looked closely at Modi’s tenure in Gujarat, however, believed this easy narrative. His proudest achievement there was turning around the state government’s own public-sector companies, particularly in the energy sector. And that’s been his focus in national office as well. In one recent interview, when asked to cite an example of how the markets should react to his expected re-election, he pointed specifically and solely to how he had revived the stock prices of public-sector companies. Modi wasn’t wrong. State firms have done better than India’s benchmark Sensex index for three years straight, and look likely to do so again this year. They have regularly traded at a premium to their private peers.

Diversified funds dynamically adjust allocations to capitalise on emerging trends and opportunities. Such funds not only mitigate the risks associated with high valuations in any single sector but also position investors that could benefit from the broader economic growth, Rahul Singh, chief investment officer, Equities, Tata Asset Management, tells Saikat Neogi.

In India, the real estate sector is witnessing rapid growth, and retail is emerging as a critical component of this expansion. Among various retail formats, high street retail is gaining significant traction, reshaping city landscapes and enhancing local economies. High street retail refers to premium shopping areas typically located in the heart of cities. These bustling streets are characterized by a mix of luxury boutiques, flagship stores of renowned brands, restaurants, cafes, and entertainment venues. Unlike enclosed malls, high street retail spaces offer an open-air shopping experience, often integrated with the city’s cultural and historical fabric.

Jim LaPointe knows that how the economy feels «depends on your perspective.»