Exceeding growth estimates, the Indian economy grew at 7.6% in Q2FY24 and is expected to retain the top spot in 2024. By 2030, India is expected to become the third-largest economy in the world. According to the report of the Centre for Economics and Business Research (CEBR), India will become a $ 10 trillion economy by 2035.
India's resilient march has continued on the back of strong domestic demand despite global macro uncertainties. A steady focus on macro stability and sustainable fundamental growth has ensured that the Indian economy remains robust in an uncertain global environment that has been marked by geopolitical tensions, inflationary pressure, and tight liquidity conditions. The global environment is also something that the Reserve Bank of India (RBI) is closely monitoring. Despite the concerns around global risks, India's strong structural drivers are expected to keep sentiments upbeat.
At Aditya Birla Sun Life AMC Limited, as we enter our 30th year in business, I must say that we have been fortunate to see India's trajectory closely as a market participant, having interacted with policymakers and management teams of different companies to understand the changes underway in the country. I thought of highlighting four key factors that to my mind are catapulting India to its next level.
Strong reforms and fiscal discipline
Denne historien er fra April 2024-utgaven av Investors India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra April 2024-utgaven av Investors India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Flexi-cap Fund Vs Hybrid Fund
Investors in mutual funds can choose from equity, debt, or hybrid funds, each offering different risk and return profiles. Flexi-cap funds provide diversification across market capitalisations, while hybrid funds balance equity and debt for stable returns.
Neuroplasticity: You Can Teach An 'Old' Brain New Skill
A few decades ago, it was believed that the brain’s structure and functions were entirely dependent on genetics, age, and early childhood experiences.
FINANCIAL PLANNING ASK THE EXPERT
Dear Mr. Ramanujam, the full form of ULIP is Unit Linked Insurance Plan. ULIP is a 2-in-1 solution as it is a ideal mixture of investment and insurance.
Think equities are overvalued? Consider investing in a balanced advantage fund
The equity market has been experiencing a strong rally, leading many investors to believe it has become overvalued and that a correction is imminent.
Ashmore launches two funds to provide access to significant investment opportunities in India
Strategy benefits from a local presence and a 28-year established track record of investing in listed Indian equities
Key Highlights of Job-Centric Budget 2024: A comprehensive blueprint for sustainable economic growth
In her Budget Speech for 2024-25, Finance Minister Nirmala Sitharaman outlined the government’s priorities and initiatives aimed at fostering inclusive growth and development across India.
Face to face with Anand Vardarajan, Chief Business Officer, Tata Asset Management
We believe that Indian tourism is experiencing massive growth and passing through a very exciting phase.
Balancing fiscal prudence while strengthening drivers for a self-reliant economy
Budget 2024 was in line with the vision of building a self-reliant Bharat, focussing on the critical drivers that can propel the country to its next level of growth.
How To Build And Maintain A Long-Term Portfolio
Building a robust long-term portfolio involves two steps. First, you must decide on your asset allocation-essentially the distribution of your investments across various asset classes such that it aligns with your financial goals and risk tolerance.
Learn The Magic Of Self-Talk
There is perpetual self-talk taking place inside all of us
