The Sunday Guardian spoke to, that in the context of the Indian economy holding out strong prospects of growth and resilience, this augurs well for an economic agenda that supports sustained momentum in manufacturing and services activity, revival in private consumption, keeping investment activity on track, thrust on infrastructure spending, optimism in business sentiments.
While global rating heads like Jeremy Zook, Director and Primary Sovereign Analyst for India, Fitch Ratings, led a large set of opinion to observe that though "BJP fell short of a single-party majority in the 543-seat lower house of Parliament for the first time since its latest period in government began in 2014", there is an overall expectation that the government will secure enough support from allied parties in the NDA to stay on the trajectory of growth. "We do not think that the government's losses at the ballot box will lead to substantial policy adjustment," says Zook.
"India's medium term growth performance to remain around trend estimate of 6.2% through FY28, despite the government's slimmer majority," says Zook.
That optimism, according to Nagesh Kumar, economist and Director, Institute for Studies in Industrial Development (ISID), is being driven by the sense that the economy is in good shape with robust macro fundamentals. "India is doing exceptionally well in the global perspective if you see around the world with 8.2% growth in FY24 and projections of around 7%, if not more, for the current year, USD 650 bn of foreign exchange and sharp rise of the Sensex from levels of 60,000 to 75,000 points in the last few months," Kumar told The Sunday Guardian. He agrees there has been some volatility in the stock market, which was expected, but what is important, adds Kumar is that this ascent signals market confidence that the Indian economy is expected to do well amidst a challenging global environment," points out Kumar.
Diese Geschichte stammt aus der June 09, 2024-Ausgabe von The Sunday Guardian.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der June 09, 2024-Ausgabe von The Sunday Guardian.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
![WALKING THROUGH A SONGLINE HIGHLIGHTS AUSTRALIA'S INDIGENOUS HERITAGE](https://reseuro.magzter.com/100x125/articles/21674/1749488/fkXGAVEU61719699228987/WALKING-THROUGH-A-SONGLINE-HIGHLIGHTS-AUSTRALIAS-INDIGENOUS-HERITAGE.jpg)
WALKING THROUGH A SONGLINE HIGHLIGHTS AUSTRALIA'S INDIGENOUS HERITAGE
The immersive multimedia installation Walking Through a Songline’ in New Delhi, organized by the Australian High Commission and KNMA, showcases Australia’s First Nations culture through digital technology, fostering cultural exchange and appreciation between Australia and India.
![GEN UPENDRA DWIVEDI TAKES CHARGE OF THE INDIAN ARMY](https://reseuro.magzter.com/100x125/articles/21674/1749488/AE5X5wnLh1719699130573/GEN-UPENDRA-DWIVEDI-TAKES-CHARGE-OF-THE-INDIAN-ARMY.jpg)
GEN UPENDRA DWIVEDI TAKES CHARGE OF THE INDIAN ARMY
Gen Upendra Dwivedi would have his hands fullas the COAS.
![British Hindu Manifesto GE 2024: Why the manifesto and key demands](https://reseuro.magzter.com/100x125/articles/21674/1749488/glBZFhUNA1719699045494/BRITISH-HINDU-MANIFESTO-GE-2024-WHY-THE-MANIFESTO-AND-KEY-DEMANDS.jpg)
British Hindu Manifesto GE 2024: Why the manifesto and key demands
Hinduism in England is the third largest religion in the country and represent over 1.8% ofthe English population. British Hindus include Hindu communities like Gujaratis, Punjabis, Tamils from Srilanka, Nepali Hindus, Fijians, Trinidad & Tobago, Guyanese & Mauritians among others.
![FRANCES FAR-RIGHT NATIONAL RALLY STRENGTHENING IN POLLS](https://reseuro.magzter.com/100x125/articles/21674/1749488/y5cBQFZZK1719698988527/FRANCES-FARRIGHT-NATIONAL-RALLY-STRENGTHENING-IN-POLLS.jpg)
FRANCES FAR-RIGHT NATIONAL RALLY STRENGTHENING IN POLLS
The far-right National Rally (RN) has strengthened in final polls, including one suggesting it could be on course for a historic parliamentary majority, as candidates fought for votes on the last day of campaigning before the first-round ballot in France's most momentous election for decades.
![Countering CCP's narrative warfare with the Digital Lennon Wall](https://reseuro.magzter.com/100x125/articles/21674/1749488/rJxSg2gwg1719698883496/COUNTERING-CCPS-NARRATIVE-WARFARE-WITH-THE-DIGITAL-LENNON-WALL.jpg)
Countering CCP's narrative warfare with the Digital Lennon Wall
‘CCP must lie in order to cover up the terrible things that they’re doing in China, in Hong Kong, and around the world. To do this, they use narrative warfare to control what people see as the truth.’
![HOW TO MAKE UNPOPULAR CANDIDATES WIN, THE TRINAMOOL WAY](https://reseuro.magzter.com/100x125/articles/21674/1749488/dcK-N76I71719698699594/HOW-TO-MAKE-UNPOPULAR-CANDIDATES-WIN-THE-TRINAMOOL-WAY.jpg)
HOW TO MAKE UNPOPULAR CANDIDATES WIN, THE TRINAMOOL WAY
The question that has left everybody flummoxed is how the Trinamool Congress managed to wrest victory for its unpopular and unwinnable candidates’ in the face of serious anti-incumbency.
![CONGRESS HIGH COMMAND UNHAPPY WITH PARTY LEADERSHIP IN MP](https://reseuro.magzter.com/100x125/articles/21674/1749488/znctDcW1m1719698638683/CONGRESS-HIGH-COMMAND-UNHAPPY-WITH-PARTY-LEADERSHIP-IN-MP.jpg)
CONGRESS HIGH COMMAND UNHAPPY WITH PARTY LEADERSHIP IN MP
Madhya Pradesh Congress president Jitu Patwari is criticised by the senior leaders of the party as they deem him to be incompetent.
![Rebels want changes in SAD leadership after electoral losses](https://reseuro.magzter.com/100x125/articles/21674/1749488/6Yhp3gGHv1719698566868/REBELS-WANT-CHANGES-IN-SAD-LEADERSHIP-AFTER-ELECTORAL-LOSSES.jpg)
Rebels want changes in SAD leadership after electoral losses
Shiromani Akali Dal has split into two factions, with one of the sides demanding change in the leadership as they seek to reconnect with the public and gain their trust.
![MADHYA PRADESH GRANTS FIRST CAA CERTIFICATES](https://reseuro.magzter.com/100x125/articles/21674/1749488/_i9otDjAN1719698535789/MADHYA-PRADESH-GRANTS-FIRST-CAA-CERTIFICATES.jpg)
MADHYA PRADESH GRANTS FIRST CAA CERTIFICATES
Chief Minister Mohan Yadav personally handed over the citizenship certificates to two Pakistani applicants.
![Nitish appoints as working president a man trusted by BJP](https://reseuro.magzter.com/100x125/articles/21674/1749488/2v_IQjWZ71719698454829/NITISH-APPOINTS-AS-WORKING-PRESIDENT-A-MAN-TRUSTED-BY-BJP.jpg)
Nitish appoints as working president a man trusted by BJP
Sanjay Jha was a protégé of the late Arun Jaitley.