JP Morgan, says that in the near term, the sequential growth in the Indian economy is likely to stagnate a little bit which will lead to broader-based earnings downgrades for the market.
There seems to be a departure from the assumptions of 1st of January that interest rates will remain low, US bond yields will not go close to 1.5% and oil prices will remain under check. We are staring at a completely reverse picture right now.
I would agree. In the near term, it does appear that a bit of inflationary picture is getting painted but let me extend this to the rest of the year. In the developed countries especially, you are going to get a combination of a golden period where growth will do well because vaccinations are pretty rapid and we are expecting a lot of reopening in the developed economies in the second half of this year.
Buy management teams in India B2Cs, preferably ones that can deliver and which can benefit from a rising and upgrading consumption pie, says HoR, JP Morgan
By Aftab Ahmed and Manoj Kumar NEW DELHI (Reuters) - India s ruling Bharatiya Janata Party (BJP) has promised a game-changing budget to revive the pandemic-hit economy, but a mountain of debt may force the finance minister to make tough choices when she delivers the package on Monday.
Nirmala Sitharaman is likely to increase spending by more than 15% year-on-year in 2021-22 with an emphasis on infrastructure and healthcare, say senior officials and advisers involved in budget preparation, as she looks to reinvigorate an economy projected to contract 7.7% in the current fiscal year. But the officials, who asked not to be named as the budget discussions were private, said major subsidy programmes such as for food, fertiliser and fuel would likely be partly funded through off-budget borrowing by state-owned firms.
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NEW DELHI (Reuters) - India’s ruling Bharatiya Janata Party (BJP) has promised a game-changing budget to revive the pandemic-hit economy, but a mountain of debt may force the finance minister to make tough choices when she delivers the package on Monday.
FILE PHOTO: Finance Minister Nirmala Sitharaman holds budget papers as she leaves her office to present the federal budget in the parliament in New Delhi, India, Feb. 1, 2020. REUTERS/Anushree Fadnavis/File Photo
Nirmala Sitharaman is likely to increase spending by more than 15% year-on-year in 2021-22 with an emphasis on infrastructure and healthcare, say senior officials and advisers involved in budget preparation, as she looks to reinvigorate an economy projected to contract 7.7% in the current fiscal year.