India Business News: As of now, the foreign portfolio investors (FPIs) have made a net investment of around Rs 1.5 lakh crore in the Indian equity markets and around Rs 60
Retail investors are flocking to the market through the Systematic Investment Plan (SIP) route, the RBI has contained inflation, and the weight of India has improved in the MSCI World Index from 9% in January 2020 to 15.68%. As it touched 70,000 levels, India has become the most talked about emerging market in the world.
In 2023, the global economy weathered challenges, defying projections of a downturn. Despite looming threats such as high interest rates and pandemic aftermath, stability prevailed. The US, China, and India showed promising growth, yet uncertainties cast shadows. As 2023 comes to an end, let s check what the economic outlook suggests.
India Q2 GDP Growth Live Updates: According to a survey of 10 economists conducted by ET, it is expected that the Indian economy expanded by 6.7% in the July-September quarter, with robust performance from the services sector being a key driver. The Reserve Bank of India (RBI) had predicted a 6.5% growth for the same period. Analysts suggest that strong manufacturing and construction activities also likely contributed to the growth in the second quarter, with forecasts ranging from 6.2% to 7%. In the preceding April-June quarter, the economy grew by 7.8%, and in the July-September quarter of the last fiscal year, it grew by 6.2%.ICRA s chief economist, Aditi Nayar, the most optimistic in the survey, expects GDP growth to moderate to 7% in the second quarter of FY24, surpassing the MPC s previous estimate of 6.5%. Official national accounts data for the current fiscal s second quarter will be released at the end of November. Analysts point to the services sector, supported by strong Ser