Pay to Marwadi

Market Pulse News

Market Pulse

Date Heading Details
14-Jun-2024   09:15 Hrs IST India to remain Asia-Pacific region's fastest-growing economy in 2024: Moody's <p style="text-align: justify;">Expressing optimism over the country's growth prospects, Moody's Ratings has said India will remain the Asia-Pacific region's fastest-growing economy in 2024, sustaining last year's domestically driven momentum. In a report titled Credit Conditions – Asia-Pacific H2 2024 Credit Outlook, Moody's Ratings said Indonesia, the Philippines and India led the way in terms of growth in first half of 2024 and should continue to outperform pre-COVID growth numbers on the back of rising exports, local demand and government spending on infrastructure.</p><p style="text-align: justify;">It said ‘India will remain the region's fastest-growing economy, sustaining last year's domestically driven momentum. We anticipate policy continuity after the general election, and a continued focus on infrastructure development and encouragement of private sector investment'. It said stronger portfolio inflows are likely in India and ASEAN economies, because of robust corporate credit metrics and appealing valuations.</p><p style="text-align: justify;">Recently, the rating agency projected India to grow 6.8 per cent in the current year, followed by 6.5 per cent in 2025, on the back of strong, economic expansion along with post-election policy continuity. India's real GDP grew 7.7 per cent in 2023, up from 6.5 per cent in 2022, driven by robust capital spending by the government and strong manufacturing activity.</p>
13-Jun-2024   09:12 Hrs IST PLI scheme expected to attract investments of Rs 3-4 trillion in next four years: ICRA <p style="text-align: justify;">ICRA Executive Vice President and Chief Ratings Officer K Ravichandran has said the PLI scheme is expected to attract investments of Rs 3-4 trillion in the next four years and generate 200,000 jobs as large projects in sectors, including semiconductor, solar module and pharmaceutical intermediaries, are expected to take off.</p><p style="text-align: justify;">Ravichandran said that going ahead private sector capex is expected to pick up in oil and gas, metals and mining, hospitals, healthcare and cement sectors.&nbsp; These are the sectors that are expecting large outlay over the medium term. However, taking the private sector capex to record high levels would require the government to give some tax breaks so that people have more disposable income in their hands.</p><p style="text-align: justify;">The PLI scheme was announced in 2021 for 14 sectors, including telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell batteries, drones, and pharma, with an outlay of Rs 1.97 trillion. PLI schemes have witnessed over Rs 1.03 trillion of investment till November 2023, and employment generation of over 678,000.</p><div style="text-align: justify;"><br></div>
12-Jun-2024   09:12 Hrs IST India to remain fastest-growing major economy with steady growth of 6.7% in next 3 years: World Bank
11-Jun-2024   09:12 Hrs IST Centre authorises release of tax devolution of Rs 1.39 lakh crore to states for June
10-Jun-2024   09:12 Hrs IST India's booming economy spurs 'reverse flipping' trend as startups return home: Commerce Secretary
07-Jun-2024   09:25 Hrs IST India offers investment opportunities worth over $500 billion in clean energy, other sectors by 2030
06-Jun-2024   09:30 Hrs IST India's current account balance to achieve surplus of around $6 billion in Q4FY24: Ind-Ra
05-Jun-2024   09:30 Hrs IST India need to focus on manufacturing to compete with China on economic front: External Affairs Minister
04-Jun-2024   09:15 Hrs IST Weak private consumption in India largest concern, while GDP growth remain strong: S&P Global Market Intelligence
03-Jun-2024   08:57 Hrs IST Moody's Ratings projects India to grow 6.8% in 2024 on strong growth, post-election policy continuity