Niranjan Gupta, CEO of Hero Motors, believes interest rates have already peaked and will likely start to decrease in a few quarters. Confidence in the rural economy has been returning since the last festive season, and government capex and welfare programs are expected to generate demand soon. Hero Motors is preparing for the EV market by increasing the capacity of their current product and planning to launch products in the mid, affordable, and B2B segments
Ahead of the presentation of the 2024-25 interim Budget, Moneycontrol takes a quick look at the state of the Indian economy. Here, we examine the status of investments in the country and the trends in public and private capital expenditure.
Jefferies said it is not expecting an immediate tax hike, considering elections, some post-election measures such as higher capital gains tax are possible during the year.
To meet India s aspirations of building quality infrastructure, a minimum 8% gross capital formation in infrastructure as a percentage of GDP is needed, he says.