Indian economy is on a firm footing: RBI annual report

Indian economy is on a firm footing: RBI annual report

Kolkata: The Indian economy is on a firm footing with an improved external sector sustainability and a robust corporate balance sheet which along with a thrust on production linked incentive schemes could boost employment, said the Reserve Bank of India in its annual report. “The outlook for the Indian economy remains bright, underpinned by a … Read more

Here’s why investors are increasingly turning to passive avenues like index funds and ETFs

Here’s why investors are increasingly turning to passive avenues like index funds and ETFs

On February 15, 2024, just three months after its launch, Zerodha Fund House—a joint venture between India’s largest stockbroking firm Zerodha Broking and portfolio investing platform smallcase Technologies—attracted 100,000 investors and Rs 500 crore in assets under management (AUM). The fund house took just 40 more days to accomplish the next Rs 500 crore in … Read more

India to become USD 4 trillion economy in FY25: Sanjeev Sanyal

India to become USD 4 trillion economy in FY25: Sanjeev Sanyal

New Delhi: India will be a USD 4 trillion economy in 2024-25 and surpass Japan by early next fiscal to become the world’s fourth largest economy, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal said on Thursday. Sanyal further said that a 7 per cent economic growth rate will be a ‘very … Read more

HDFC Mutual Fund launches HDFC Manufacturing Fund: Key things to know

HDFC Mutual Fund launches HDFC Manufacturing Fund: Key things to know

HDFC Mutual Fund on April 22 announced the launch of HDFC Manufacturing Fund. The open-ended equity scheme aims to unlock the potential of India’s manufacturing sector by investing predominantly in equity and equity-related securities of companies engaged in manufacturing activities. The new fund offer (NFO) for HDFC Manufacturing Fund commences on April 26, 2024, and … Read more

Economy poised for 8-9% growth, says CII President

Economy poised for 8-9% growth, says CII President

New Delhi: India‘s economy is poised to achieve 8-9% growth, Confederation of Indian Industry (CII) president R Dinesh told ET in an interview, highlighting land, labour and manufacturing reforms as the key focus areas for the new government, which he said will also spur private investment. “We should consider establishing a fund to support new-age … Read more

Govt not at a standstill due to polls, working to make India a $35 trillion economy by 2047: Piyush Goyal

Govt not at a standstill due to polls, working to make India a $35 trillion economy by 2047: Piyush Goyal

New Delhi: The government is not at a “standstill” just because elections are coming up but is “super active” as it works on turning India into a developed, $35 trillion economy by 2047, commerce and industry minister Piyush Goyal said Friday. The theme of the upcoming general election is Viksit Bharat with a focus on … Read more

View: India has made it to the launchpad. It still needs a spark

View: India has made it to the launchpad. It still needs a spark

As India prepares for elections this spring, confidence about the country’s prospects seems ubiquitous. The country has just finalized a new trade agreement; it’s with a small trading bloc composed of Norway, Switzerland, Liechtenstein and Iceland, but the headline number for new foreign investment it commits to bringing in, $100 billion, is nevertheless eye-catching. The … Read more

PMI, GST mopup point to India’s resilient economy in Q4

PMI, GST mopup point to India’s resilient economy in Q4

New Delhi: India’s economy started the fourth quarter on a strong note, National Council of Applied Economic Research (NCAER) said in its monthly economic review, Wednesday. NCAER noted that high frequency indicator like Purchasing Managers’ Index and Goods and Services Tax collection indicated a resilient economy with services accelerating and manufacturing gaining momentum. “The markers … Read more

Q3 Results: How did 5 key sectors perform during the quarter?

Q3 Results: How did 5 key sectors perform during the quarter?

As the results for the Oct-Dec quarter are unveiled, insights from management commentaries across various sectors provide valuable indicators of the Indian economy’s health. Businesses serve as the backbone of the economy, and their performance reflects the overall economic landscape. By examining key sectors and their respective performances, we aim to share a comprehensive overview … Read more