According to the Centre for Monitoring Indian Economy’s (CMIE) Economic Outlook, consumer sentiments fell by 1.5 per cent in August 2023. The timing could not be worse since India is just starting its annual festive season the period when the economy often witnesses a surge in shopping.
Funding availability missing for South and Southeast Asian companies: S&P ANI | Updated: Apr 14, 2021 15:23 IST
That is despite a broad-based recovery in GDP growth and profit growth for the corporate sector in the region, it said in a report.
Optimism is returning to South and Southeast Asia. S&P Global Ratings recently estimated that GDP growth in India will reach 11 per cent for the year ended March 31, 2022 compared with an 8 per cent decline for the year ended March 31.
Average GDP growth in Southeast Asia will reach 6.2 per cent in 2021 compared with a 4.3 per cent drop in 2020. S&P also projects a 5 to 15 per cent increase in EBITDA for rated companies in the region in 2021 over 2020, with profits growing year on year for nearly 90 per cent of them.
Sensex Surge 750 Points, Nifty Soars 232 Points
According to analysts, the high-frequency indicators may indicate the recovery of the domestic economy
PTI 01 March 2021 outlookindia.com 2021-03-01T17:59:45+05:30
The benchmark BSE Sensex surged nearly 750 points and NSE Nifty rallied over 232 points on Monday as investors cheered the domestic economy returning to positive territory after two-quarters of contraction.
The 30-share BSE index briefly traded above the 50,000-mark during the mid-session, before ending at 49,849.84, showing a rise of 749.85 points or 1.53 per cent.
Likewise, the NSE barometer Nifty settled with a gain of 232.40 points or 1.60 per cent at 14,761.55.
Of the Sensex constituents, 29 closed with gains.