They believe that the key reason behind such a high growth rate could be "a steep downward revision" of the year-ago base period.
Markets ended at record highs on Monday on hopes that the new government would unveil reforms in the infrastructure space.
The overall fiscal and inflationary consequences of the Food Security Bill for the country are "large" and will become clear from the next fiscal year.
Despite the large economic impact of the Covid-19 pandemic, the markets have recovered sharply even though the performance among individual stocks has been quite polarised.
India can attract significant FDI, says experts.
Analysts attribute the surge to a host of factors, particularly the interest shown by the retail investors in these two market segments.
Wall Street brokerage Goldman Sachs has lowered its estimate for India's economic growth to 11.1 per cent in fiscal year to March 31, 2022, as a number of cities and states announced lockdowns of varying intensities to check spread of coronavirus infections. India is suffering the world's worst outbreak of COVID-19 cases, with deaths crossing 2.22 lakh and new cases above 3.5 lakh daily. This has led to demand for imposition of nationwide strict lockdowns to stem the spread of the virus - a move that the Modi government has so far avoided after the economic devastation last year from a similar strategy.
The improving earnings and economic outlook has titled the scales back in favour of Indian equities this year, reports Pavan Burugula.
The markets have been unable to sustain at higher levels as a rise in bond yields globally, especially in the US have dented sentiment. Surging commodity prices, especially crude oil that have now hit $70 a barrel (Brent) coupled with inflation woes and fear of sporadic lockdown across major economic hubs back home as Covid cases rise have chased the bulls away. In the short-term, analysts expect the markets to remain volatile as they react to news flow - both from overseas and developments back home. Investors, they say, need to keep a tab on how the US treasury yields move, which in turn will have a ripple effect on how big money moves across developed (DMs) and emerging markets (EMs), including India.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
A veteran bullion analyst expects monthly import to average 50 tonnes till December.
A reading above 50 indicates expansion, while a score below this mark means contraction
Craig Chan, executive director and head of forex strategy & fixed income division (Asia-ex Japan), Nomura Singapore, in an interview with Business Standard's Rajesh Bhayani, shares his outlook on the dollar.
According to Japanese financial services major Nomura, despite slowing external demand, the domestic growth cycle is improving.
The government will announce the FY13 GDP numbers on May 30, where it expects the readings to be around 5.2 per cent.
Analysts say RBI will cut rates because the liquidity crunch that began this time last year is still hurting the economy and also with an eye on the August industrial production numbers, which showed a contraction by 1.1 per cent -- the steepest in seven long years.
Tokyo 2020 organisers received the Olympic flame in a scaled-down handover ceremony in the Greek capital on Thursday, amid the coronavirus spread that has cast doubt on the global, multi-billion dollar event. In a brief ceremony closed to spectators in Athens' Panathenaic stadium, site of the first modern Games in 1896, the torch was received by Tokyo Games representative Naoko Imoto.
Analysts on Monday gave a mixed reaction to the railway budget, with some terming it as a "non-event" saying there were no radical measures to bridge the revenue deficit in the document, and a few calling it "pragmatic" given the limitations.
While most experts suggest the government loosen its purse strings and not worry about the fiscal deficit in a pandemic impacted year, it will be a tightrope walk for the government to increase spending without going overboard.
UTI, HDFC, Reliance MF and SBI MF already source 17-25% of funds from small towns.
Declining price of vegetables pulled down inflation to over three-year low of 5.96 per cent in March, core inflation moderated to 3.5 per cent and food price inflation also eased to 8.2 per cent, which is likely to prompt the RBI to consider a rate cut in its annual monetary policy next month.
'In the real economy, the scars of the pandemic will continue to define 2021.' 'It is still hard to tell the effect on unemployment, migrant workers, poverty, and the informal sector of the lockdown and of the pandemic,' observes Mihir S Sharma.
India's third largest software services exporter ended the day 4.41 per cent lower at Rs 492.20 on the BSE after falling 8.41 per cent to Rs 471.55 in intra-day trade.
The incoming government will have to encourage private investments, bring down cost of capital
Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
The long-term growth perspective or potential for India is one of the highest in the Asia Pacific region.
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
China's economy, which suffered 6.8 per cent slump in the first quarter due to the coronavirus pandemic -- the worst in 44 years -- bounced back posting 4.9 per cent growth between July and September buoyed by the government's sweeping efforts to stimulate demand and consumption.
The government's ambitious gold deposit scheme can succeed only if depositors are paid a higher interest rate.
During the meeting with Finance Minister Nirmala Sitharaman, it was also suggested that employees' provident fund should increase its exposure in the stock market, which in turn would improve liquidity.
Only six sectors are likely to report good set of numbers in Q4 FY15.
The brokerage said the consolidated fiscal deficit, including that of the Union (3.6 per cent), the states (2.6 per cent) and the off-budget borrowings which are being resorted to increasingly is a worry.
The agency attributed the sharp revision to various high-frequency indicators showing a softness and partly blamed the same to reforms like GST, real estate regulation, and the bankruptcy code which are still a "drag" on the economy.
The Reserve Bank may cut key interest rates as early as this week.
India will witness good growth under the present government.
It is a Budget 'high on promises but low on design,' the agency said.
'The move towards fiscal consolidation had to be diluted because of the relief to farmers as the government wants to appease the voters.'
The COVID-19 pandemic has not only affected outpatient services, but also led to deferment of elective surgeries, and resulted in the loss of medical tourism, all of which would hit the FY21 financials.
In its 'Asia Economic Alert', the banking and asset management behemoth also said that the Reserve Bank is likely to hike the short-term lending (repo) rate by 100 basis points in 2011 with the purpose of curbing inflationary pressure.
