India can obviate foreign capital for growth with proper allocation of savings: Expert

India can obviate foreign capital for growth with proper allocation of savings: Expert

India has enough domestic resources to fund its growth without relying on foreign capital, but it needs to allocate savings more prudently rather than unproductive assets like gold, a market expert said. Kotak Mahindra AMC managing director Nilesh Shah advocated greater public-private partnerships for state-owned firms to unlock wealth that will fuel India’s growth. “Do … Read more

Current savings, investment rates can’t propel GDP to 8% growth orbit: Report

Current savings, investment rates can’t propel GDP to 8% growth orbit: Report

Mumbai: Clawing the economy back to an 8 per cent growth path will require bringing savings and investment rates closer to 35 per cent on a sustained basis, which were 30.2 and 29.6 per cent, respectively, in FY22, according to a report. As per India Ratings, a large part of investments will have to be … Read more