This article is not about the usual success stories and fault lines. I wish to reflect on the large picture from three angles to see what our real degree of comfort is. Events since then show that the young lady, a star shining brightly in India's largest private bank, was largely right. The India success story is long past the flavour-of-the-month stage and even the most die-hard critics have had to accept it.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Short-term gains are always unpredictable.
After three consecutive years of infusing huge funds, foreign portfolio investors retreated from the Indian equity markets in a big way in 2022 with the highest-ever yearly net outflow of nearly Rs 1.21 lakh crore. The huge outflow, which surpasses by a big margin the previous record of Rs 53,000 crore net withdrawal in 2008, came amid aggressive rate hikes by central banks globally but 2023 is expected to be better on positivity about overall macroeconomic trends in India, experts said. Apart from global monetary tightening, volatile crude, rising commodity prices along with Russia and Ukraine conflict led to an exodus of foreign money in 2022.
Weaker demand for Indian exports and higher financing costs will lead to a deceleration in India's gross domestic product (GDP) growth rate to 7.9 per cent in 2008, the International Monetary Fund has said.The IMF's growth projections for India are in line with other estimates, including that of the Asian Development Bank, which pegged the 2008-09 growth at 8 per cent.
The government had projected the GDP growth to be at 8.5%.
Days after completing a $6.5 billion acquisition of Ambuja Cements and ACC, billionaire Gautam Adani said his group has planned to double cement manufacturing capacity and become the most profitable manufacturer in the country. He saw a multifold rise in cement demand in India on the back of record-breaking economic growth and the government's infrastructure creation push, which will give significant margin expansion. In a speech made at an event to mark the completion of the acquisition on September 17, the Adani Group founder and chairman said the ports-to-energy conglomerate has in a single stroke become the second largest cement manufacturer in the country.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Rapid industrialisation has helped India speed up its economic progress said WTO chief Pascal Lamy.
The latest survey is based on a sampling of 565 executives.
'The untimely demise of Shri Cyrus Mistry is shocking. He was a promising business leader who believed in India's economic prowess,' Prime Minister Modi said in a tweet.
Rapid and inclusive growth in the medium term does not look too likely if one examines the array of unattended constraints.
That India is a growth story is old hat. It is time to talk about the story beyond that story, was the message at this year's India Business Conference at the Kellogg School of Management.
The outlook for India's rating would improve if fiscal, inflation and infrastructure metrics get better, a global report said.
Nikunj Saraf, Vice President Choice Wealth, will answers your MF queries.
In a significant message to the private sector, Prime Minister Manmohan Singh on Wednesday said government's relevance in growth story cannot be discounted and asked the industry to have faith in the executive.
Growth revival will be more tentative, inflation sharper, and external pressures more acute than pronouncements suggest.
The major focus of this year's Economic Survey was on pushing economic growth, which has been projected by the Central Statistical Organisation at 5 per cent for this fiscal, sharply lower than the original estimate of 7.6 per cent (+/- 0.25 per cent).
The Budget should serve as a trigger to kick-start the investment cycle in the economy, says Rana Kapoor managing director and chief executive office of Yes Bank.
Nikunj Saraf, Vice President Choice Wealth, answers your mutual fund queries.
The Asian Development Bank (ADB) on Wednesday slashed India's GDP growth forecast for FY23 to 7 per cent from the earlier estimate of 7.2 per cent mainly on account of higher inflation and a tight monetary policy. India's economy grew 13.5 per cent year-on-year in the first quarter of 2022-23, reflecting strong growth in services, ADB said in its second supplement to Asian Development Outlook Report 2022 (ADO 2022). "However, GDP growth is revised down from ADO 2022's forecasts to 7 per cent for FY2022 (ending March 2023) and 7.2 per cent for FY2023 (ending March 2024) as price pressures are expected to adversely impact domestic consumption, and sluggish global demand and elevated oil prices will likely be a drag on net exports," ADB said.
Finance Minister Nirmala Sitharaman on Friday chaired a meeting with chiefs of public sector banks and assessed their readiness to tackle any possible disruptions due to the Omicron variant. In a tweet, the finance ministry said during the meeting with CMDs/MDs, held through virtual mode, the minister also reviewed various steps taken by PSBs in implementing pandemic-related measures initiated by the government and RBI.
Finance Minister P Chidambaram categorically said that India continues to remain a growth story, and asked retail investors to make "informed judgements" while dealing in the stock market.
Chief Economic Advisor (CEA) V Anantha Nageswaran on Tuesday said India is not defending the rupee and the Reserve Bank of India is taking necessary steps to ensure that the movement of the rupee is gradual and in line with market trends. Nageswaran further said that the rupee is being managed in a manner that reflects the fundamentals of the economy. "India is not defending the rupee... I don't think Indian fundamentals are such that we need to defend the rupee. "The rupee can take care of itself," he said at an event in New Delhi.
Moody's expect RBI to hold policy 'repo' rate steady to have a neutral stance in this growth
Seven years after Modi took office, merchandise exports were lower in 2020-2021 than when he had taken over from Manmohan Singh, points out Aakar Patel.
For the current fiscal, the fund said the economy would grow by 6.7 per cent, much lower than the 7.2 per cent projected by the Central Statistical Organisation.
Government should focus on achieving 12 per cent growth in manufacturing if the GDP has to grow by 8-9 per cent or higher on a sustainable basis
Jaitley said a draft of India's bankruptcy law was almost ready.
Reserve Bank of Australia said Indian economy has gradually strengthened over the past two decades and the Asian nation will continue to improve in the years ahead, The Australian reported.
"Beyond films, she was always passionate about India's growth. She always wanted to see a strong and developed India," he said.
China remains a "formidable challenge" that has increased its presence not only along India's land borders but also in the maritime domain, Navy Chief Admiral R Hari Kumar said on Tuesday and asserted that the naval force keeps a regular watch in the Indian Ocean Region.
Poor monsoon has shattered the hopes of revival in India's economic growth.
Against the backdrop of the controversy over Vodafone tax issue, Prime Minister Manmohan Singh on Thursday sent out clear signals to foreign investors saying there will be 'no arbitrariness' in tax matters.
The former RBI deputy governor talked about the prospects of an economic revival, reforms in IMF, etc.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances