India's GDP Surge Earns Praise from Ratings Agencies, Fueled by Infrastructure Boost and Strong Domestic Private Investment
Anurima Das -
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.
Optimism Prevails: 50% of Indian Founders Anticipate Easier Fundraising in 2024, According to Report
Newsmen Business Desk -
Profitability is a key focus, with 18% of founders already profitable and 58% aiming for profitability in the near to medium term. Cost-cutting measures are prevalent, with 38% reducing marketing spending, and 65% express concerns about revenue growth. Despite challenges, founders anticipate record highs in IPOs and M&As over the next five years.
ADB Upgrades India's GDP Growth Projection to 6.7%
Newsmen Business Desk -
Inflation forecasts for the current financial year stand at 5.5%. Additionally, the ADB raised China's 2023 growth projection to 5.2% and maintained the Asian region's growth forecast at 4.9% for 2023, with potential downside risks linked to global factors like interest rates and geopolitical events.
RBI Bulletin Forecasts Accelerated GDP Growth for India in Q3 of 2023-24
Newsmen Business Desk -
The report indicates a sequential rise in India's GDP growth for the mentioned quarter, buoyed by sustained festival-related consumer demand.
Fitch Upgrades India's GDP Growth Outlook, Downgrades China's
Newsmen Business Desk -
Fitch has also lowered its estimate for the growth of 10 emerging economies to 4 percent from the earlier estimate of 4.3 percent. These adjustments in growth forecasts reflect changing economic conditions and outlooks in the respective countries.
Market sentiment remains cautious amid West Asia crisis
IANS -
FIIs selling is affecting the domestic market invariably to heavy buying by DIIs. Domestic indices have displayed some recovery in the last trading day of the week, due to favourable US Q3 GDP growth and moderating US inflation leading to moderation in bond yield.
Investors likely to remain cautious on implications of Middle East tensions
IANS -
Market participants will vigilantly monitor US GDP data for insights into the Fed's interest rate trajectory. Additionally, as the earnings season gains momentum, investor sentiment will be shaped by corporate’s management commentary and bottom-up investment approach, he said.
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