Hedge funds extended recent performance gains to begin 2024, with strong contributions from fixed income-based strategies as geopolitical risks continued to escalate, adding active conflicts in Yemen and the Red Sea to the ongoing conflicts in Ukraine and Israel.
Key themes in this interim budget 2024 are probably going to stay the same. According to Alekh Yadav, fiscal consolidation, a focus on capital expenditure, make in India, and enhancing ease of doing business will be important.
India expects its economy to grow around 7% in the next fiscal year, outpacing the global economy. The growth will be supported by stable domestic demand and private investment. Recent events in the Red Sea crisis may impact global trade and supply chains, affecting trade flows, transportation costs, economic output, and inflation worldwide.