The Indian stocks with an Israeli connection include Adani Ports, Sun Pharma, Dr Reddy’s and Lupin, NMDC, Kalyan Jewellers, and Titan. Further, OMCs could be adversely impacted. The war could slacken India’s plan of building an India-Middle East-Europe Economic Corridor as reflected in the prices of railway stocks like IRCON, Jupiter Wagons, and RVNL.
The rising animosity between Israel and Iran could trigger a knee-jerk reaction in the Indian market. This could affect crude oil prices, with every dollar rise in crude impacting the Indian economy and also impact prices in the bullion market. The Ministry of Finance is taking stock of the situation.
The UNCTAD report said the Reserve Bank of India is expected to keep interest rates constant in the near term. It added that India is benefiting from growing interest from multinationals, which see the country as an alternative manufacturing base in the context of developed economies' supply chain diversification strategies, making an apparent reference to China.
"We should consider establishing a fund to support new-age manufacturing, similar to the Innovation Fund that the government has already announced. This will play a crucial role in scaling up capacity and capability to create larger large-scale Indian manufacturing businesses," said Confederation of Indian Industry (CII) president R Dinesh.
From Dalal Street to Wall Street there is a positive sentiment due to the greater rally in the Indian stock market. Sensex crossed 75000 from 70000 in no time. The other benchmark index, Nifty 50 is also at an all-time high of 22750 and mutual fund portfolios have also broken new records.
The cabinet secretary has convened a meeting on Friday with officials from key economic ministries to outline the economic agenda for the initial 100 days of the incoming government following the general election. Discussions may encompass streamlining the goods and services tax (GST) rate structure, amendments to the Insolvency and Bankruptcy Code (IBC), and immediate economic challenges.
The cabinet secretary has convened a meeting on Friday with officials from key economic ministries to outline the economic agenda for the initial 100 days of the incoming government following the general election. Discussions may encompass streamlining the goods and services tax (GST) rate structure, amendments to the Insolvency and Bankruptcy Code (IBC), and immediate economic challenges.
The strength of the Indian economy, which has emerged as the fastest growing in the world, is being amply reflected in the stock markets with the BSE clocking a 300 per cent growth in market cap to a phenomenal Rs 400 lakh crore and the Sensex soaring from 25,000 points to 75,000 points in the last 10 years of the Narendra Modi government.
Manmohan Singh, the former Prime Minister of India, retired from public life after a distinguished career spanning various key roles. While some criticize his lack of direct electoral mandate, Singh's leadership and economic reforms played a pivotal role in India's growth story. His caution and realism are especially relevant in today's uncertain times.
Manmohan Singh, the former Prime Minister of India, retired from public life after a distinguished career spanning various key roles. While some criticize his lack of direct electoral mandate, Singh's leadership and economic reforms played a pivotal role in India's growth story. His caution and realism are especially relevant in today's uncertain times.
The World Bank forecasts India's economy to grow at 7.5% in 2024, contributing to South Asia's 6.0% growth. The World Bank's South Asia Development Update states that South Asia is poised to maintain its status as the fastest-growing region globally for the next two years, with a projected growth of 6.1% in 2025.
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