A recent report by Edelweiss Mutual Fund has projected that equities are likely to outperform gold over the next three years. The report highlights that while gold has traditionally been seen as a safe-haven asset during periods of economic uncertainty, equities are expected to thrive amidst the backdrop of economic growth. Such conditions make equities … Read more
A PSU firm, which rallied more than 15 times from January 2021 to July 2024, has seen a significant decline of over 51% from its 52-week high reached on July 8, 2024. This firm is Cochin Shipyard, whose order book stood at Rs 22,587 crore as of June 30, 2024, including Rs 21,587 crore in … Read more
Just as enthusiasm over artificial intelligence and China’s stimulus fades, a familiar weakness has come back to haunt equity investors in emerging markets: sinking corporate profits. With 96% of companies in the MSCI Emerging Markets Index done with their quarterly results, the earnings season is almost over. And the picture isn’t pretty — Almost half … Read more
For Sri Lanka’s ruling establishment and its backers, March 20 was a good news day. The International Monetary Fund (IMF) finally responded to the government’s distress call following the collapse of the debt-ridden economy last year, by approving a $3 billion loan aimed at restoring economic stability and growth. “Sri Lanka will no longer be … Read more
India is forecast to grow at 6.5 per cent in fiscal year 2022, a decline from the 8.4 per cent GDP estimate in previous financial year, and while the country’s economic recovery is on a “solid path” amid rapid vaccination progress, coal shortages and high oil prices could put the brakes on economic activity in … Read more
Deepthi Mary Mathew Economist, Geojit Financial Services She holds a Masters in Economics and is currently pursuing her doctoral studies. Before joining Geojit, she was working as Senior Research Associate at the Kochi, Kerala-based think-tank Centre for Public Policy Research. Ms Mathew writes regularly on the developments in the areas of monetary policy, fiscal policy, … Read more
Economists are tracking proxy economic indicators such as footwear sales, city billboard usage, product and services advertisements, travel-related searches, fish, meat and poultry purchases, and demand for smartphones to gauge the strength of the post-pandemic recovery. A string of high-frequency alternative indicators, along with government-issued data sets such as goods and services tax (GST) collection, … Read more
With half of the 15 high-frequency indicators recovering to the pre-pandemic levels in the second quarter, the economy finally looks nearly out of the pandemic woods, helping the Q2 GDP print at 7.7 per cent, according to a report. However, the September print was not as good as the quarter, indicating that the recovery remains … Read more
India improved its ranking by two places and stood at 46 on the Global Innovation Index 2021 on the back of a vibrant start-up ecosystem and research by public and private organisations, NITI Aayog said. “India has been on a rising trajectory, over the past several years in the Global Innovation Index (GII), from a … Read more
The Indian government’s economic template to deal with a Covid-19 wave has now been tested. GoI refused to enforce a national lockdown during the devastating second wave in April and May 2021. If and when a third wave whacks the nation, the template is likely to remain the same. This would ensure that there are … Read more