Gurmeet Chadha, Managing Partner, Chief Investment Officer, Complete Circle Consultants, says: “Had you taken Nifty 50, you would have made 30% last year. If you would have taken mid and smallcaps, you would have probably made 50% plus last year. Sectoral indices like realty are more than 125%. The CPSE index is almost 100%. The … Read more
Chetan Ahya, Chief Asia Economist, Morgan Stanley, says that “during 2003-2007, we had seen the investment to GDP ratio go up from the trough of around 28% to the peak of 39% by CY2007. In this cycle, something similar is happening. Investment to GDP is troughing at 29% in 2020 and 12 months ended March … Read more
MUMBAI: A large number of Indian fund managers expect govt to continue to lead the capex cycle in the coming few years, but also expect private capex to revive – something that has been absent in the past few years. Along with these two growth drivers for the Indian economy, urban and rural consumption would … Read more
Mumbai: Brokerage Jefferies’ global strategist Chris Wood said he continues to believe that India is the best equity story in the world on a ten-year view. In his GREED & Fear newsletter, Wood said the Indian market-especially mid-caps-looks expensive but these valuations must be seen in the context of acceleration in growth led by a … Read more
India has been the fastest-growing major economy for the third successive year. Despite global headwinds, including geo-political realignment, India’s economy would continue its strong and resilient growth of 6.7% in FY 2024 and 6.2% in FY 2025. The first Advance Estimates of National Income 2023-24 placed macro-economic growth at 7.3% in FY 24 vis-a-vis 7.2% … Read more