Enthused by the prospects of good monsoon, the Planning Commission on Tuesday said the double digits inflation would decline by December, and sounded optimism that economic growth would exceed 8.5 per cent this fiscal.
On a net basis, foreign portfolio investors bought Rs 446 crore worth of domestic stocks on Thursday and domestic institutional investors (DIIs) were net buyers to the tune of Rs 49.68 crore, provisional data available with BSE suggested.
The automobile segment is our preferred area, and old favourites such as Tata Motors, Bajaj and Maruti Suzuki continue to entice us.
India's economy has bounced back amazingly from the Covid-19 pandemic and nationwide lockdown over the last one year, but it is not out of the woods yet, according to the World Bank, which in its latest report has predicted that the country's real GDP growth for fiscal year 21/22 could range from 7.5 to 12.5 per cent.
'What is unusual about the current period of slow growth is that it has come without an external driver -- high oil prices and/or successive monsoon failures -- as was the case with all previous periods of slowdown, going back 50 years, notes T N Ninan.
The parade was seen as a muscle-flexing exercise by Beijing.
In the global context India is looking 'very special'.
Christine Lagarde said the prospect of rising interest rates in the US and China's slowdown are contributing to uncertainty and higher market volatility.
'It may take two years for the economy to return to normal.' 'We should ensure that the vulnerable do not dig into their savings or give up their assets because that will set them back by several years.'
With the Budget-making exercise in full swing, RBI Governor Shaktikanta Das on Friday said Budget 2021-22 is expected to be prudent and growth oriented. Das before donning the hat of RBI Governor was a career bureaucrat and was directly involved in crafting of about 10 Budgets for the country including one in the aftermath of global financial meltdown in different capacities at the finance ministry. In view of unprecedented pandemic and its impact on the economy, he said the government has maintained fiscal prudence in the response to deal with the crisis.
'With the June quarter GDP shrinking by nearly a quarter, there is an even greater economic imperative: Reduction of uncertainty,' observes Neelkanth Mishra.
It had upped India's rating to Baa2 from Baa3 and changed its rating outlook to 'stable' from 'positive', saying the reforms would help stabilise rising levels of debt.
IMF chief said the G20 leaders need to respond to the calls for creating jobs.
"Many CEOs believe the country's manufacturing sector has become increasingly competitive and the economy is shifting away from its reliance on the services sector, a path that could take advantage of the broad spectrum of the nation's labour force."
The minister further cited that the IMF's global growth forecasts of 3.4% in 2016 and 3.6% in 2017 were still very strong.
The big lesson to learn from the world's worst financial crisis is that nations and industry should see globalisation as a friend.
Companies are also worried about inflationary pressures building up.
Most Indians expect their personal happiness will improve over the next five years, posing a concrete benchmark against which to measure the future success of Modi govt
The infrastructure spending target for 2020-25 was revised because of additional and amended data provided by central ministries, state governments since the release of the summary NIP Report in December 2019 when it was pegged at Rs 100 trillion.
All-out efforts are needed to mitigate the adverse impact of the Covid-19 pandemic, and the RBI will use any instrument necessary to revive growth and preserve financial stability, according to the minutes of the central bank's policy meeting.
The highly-anticipated summit, which began early Tuesday, is the third engagement between Xi, 68, and Biden, 78, since February.
Ajit Mishra will answer Your Questions on the stock markets on a weekly basis. Please mail your questions to getahead@rediff.co.in with the subject line 'Stock Market Query' along with your name and Ajit will offer his unbiased views.
Global rating agency Standard & Poor's on Friday reaffirmed investment grade ratings 'BBB-'long-term and 'A-3' short-term on India, saying the country's economic growth prospects and debt markets are strong. The 'BBB' rating category means an entity has adequate capacity to meet its financial commitments in the long-term.
An alert government in Delhi should have begun government-to-government discussions with Moscow the moment it came to know that Russians were developing a vaccine. That is to say, almost an year's time has been lost, observes Ambassador M K Bhadrakumar.
Although fundamentals remain strong and its prospects upbeat after an impressive pace in 2007, the growth in India's domestically-driven economy would moderate in 2008 as domestic demand eases and exports cool, according to Moody's Economy.com, a subsidiary of the global credit rating agency.
"It would be my hope that people understand why this particular transaction is important for us," the EAM said in Washington, DC.
'How and if India retaliates will go a long way toward determining the trajectory of this crisis.'
'China is constantly probing India's weaknesses.' 'The challenge is to implement a strategy that will allow India to buy time, gather its strength, and eventually counter China,' recommends Harsh V Pant and Vinay Kaura.
Those scheduled to attend the five-day WEF Annual meeting, beginning January 21, include more than 40 heads of state or government, including those from the UK, Australia, Japan, Iran, Israel, Pakistan, Brazil, Italy, Mauritius, Republic of Korea and Switzerland, WEF announced on Wednesday at a press conference in Geneva.
A fresh demand for the US currency from importers weighed on rupee.
Beijing did not announce expected policy support over the weekend
'I am not minimising either the seriousness or the complex nature of the current situation.' 'Naturally, we have to do what it takes to secure our borders.' 'We are talking to the Chinese, both through military channels and diplomatic ones.'
'In fact, they work in tandem.' 'When it comes to finding a solution, this must be predicated on honouring all agreements and understandings.' 'And not attempting to alter the status quo unilaterally.'
Nepal PM said it maintain close ties with India, China while pursuing independent foreign policy.
The article also said that the opposition Congress party has little to offer other than the dynastic principle.
Indian market probably has more headroom than the US, says Geoff Lewis, senior strategist for Asia, Manulife Asset Management.
Global rating agency Standard & Poor's on Wednesday upgraded India's outlook to positive from stable and affirmed the sovereign 'BB+/B' ratings to the country due to improvement in government finances.
Calling the 'events' along the Line of Actual Control (LAC) very disturbing, the external affairs minister said they have raised some very 'basic concerns'. When asked whether it will be a long-haul or a breakthrough is expected soon, Jaishankar said: "I would not go into prediction zone at all whether it is going to be easy or not, and what will be the timelines and so on."
China had been trying hard to enter the Indian market, without opening its own to Indian products. There is an economic crisis in India-China relations that the Chennai Connect barely scratched the surface, points out Srikanth Kondapalli.
"The world economic slowdown will not affect the medium term growth prospects," Planning Commission Deputy Chairman Montek Singh Ahluwalia said, while addressing the 'TIE Entrepreneurial Summit 2007' in New Delhi on Tuesday. The economy was likely to clock a growth rate of 8.5 to 9 per cent during the current financial year, he said, adding that the gross domestic product growth rate was expected to be 9 per cent during the next three years.
Current and former US intelligence officials told The Washington Post that Trump, in the month of January and February, had repeatedly ignored warnings conveyed in issues of the US president's Daily Brief, a sensitive report that is produced before dawn each day and designed to call the president's attention to the most significant global developments and security threats.
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