BUSINESS
Drop in global prices a relief for oil import-dependent Indian economy
Volatile oil prices pose a downside risk to the economy as costlier imports trigger an increase in domestic inflation and weaken the rupee as more US dollars are required to make import payments.
India's external position resilient despite pessimistic global trade outlook
The outlook for 2024 remains "highly uncertain and generally pessimistic", UNCTAD says in the Global Trade Update released on December 11, citing factors like ongoing geopolitical tensions, escalating debt, and widespread economic fragility.
Indian banks to see 'moderate growth' in deposits, 'deceleration in credit'
Speaking to IANS, Hajra also anticipates a moderate acceleration of deposit growth and a deceleration of credit growth in 2024 relative to 2023, which will result in a system-wide reduction in the credit deposit ratio. The sector will also experience a moderate decline in the net interest margin next year.
Commodities story to revolve around geopolitics, polls, rate cuts, global slowdown
He said the coming year will see 78 elections across the world, over half of which will choose a new president which will likely bring changes in the monetary policies of major economies, keeping inflation down.
India Takes Center Stage in IPOs in 2023, According to Report
A significant factor contributing to this divergence was the disappointment in China's post-Covid recovery. Hong Kong's Hang Seng Index (HSI), tracking 80 blue-chip stocks, experienced a 13.8% decline in 2023, marking its first four-year losing streak since its inception in 1969.
India's GDP Surge Earns Praise from Ratings Agencies, Fueled by Infrastructure Boost and Strong Domestic Private Investment
In the July-September quarter of the current financial year, India's GDP achieved a commendable 7.6% growth. Despite a slowdown in agriculture, the manufacturing sector's robust performance and substantial government expenditure on major infrastructure projects sustained this growth momentum.
Markets to have a tough time as new year unfolds
Markets contrary to expectation gained on three of the four sessions and had a small dip on the very last day of the year. Nothing to be read into but purely coincidental.
Mobile Phone Exports Surge to Rs 75,000 Crore by November, Poised to Exceed Rs 1,24,000 Crore in FY24
This marks substantial growth compared to $6.2 billion (over Rs 50,000 crore) during the same period in the previous year.
India Set to Achieve Electronic Goods Production of $115 Billion in FY24, With Mobile Phones Accounting for $50 Billion
In the ongoing financial year, India has already exceeded the milestone of $100 billion in electronics manufacturing, with a significant contribution of $44 billion coming from the production of mobile phones.
2023 Sees Chinese Stocks Experience Significant Losses
China's CSI 300 index experienced a decline of over 11% during the year, while Hong Kong's Hang Seng saw a nearly 14% drop. In comparison, the MSCI World index is set to conclude the year with a 22% increase, marking its most significant annual jump since 2019.
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