Despite experiencing headwinds from global monetary tightening, particularly US Fed rate hikes, the Indian economy and its market demonstrated remarkable resilience in 2023. Mohit Ralhan, CEO, TIW Capital, lists 10 market trends that caught one s eye in 2023.
"Solid domestic consumption, an upswing in corporate capex and increased attractiveness among foreign investors mean that Indian stock indices will continue to do well in 2024. However, investors should be mindful of the risks as well. A prolonged recession in the developed world like the US and Eurozone could have negative consequences for Indias export-oriented sectors like IT, healthcare etc."
"The standout advantage for JFS is the extensive distribution network of its parent company, Reliance. With Reliance Retail boasting a customer base of approximately 25 crore and Reliance Jio with a base of around 44 crore customers, JFS has access to an enormous customer pool. This physical and digital reach can be a game changer, allowing JFS to quickly expand its customer base and offer a variety of financial services to a vast audience."