Chart of the Day: FDI equity inflows to infrastructure step up
About two-thirds of the FDI flows have come into infrastructure construction and the next largest share has been taken by renewables
SEBI's intraday trading report exposes market disparities
The problem with SEBI's recent study lies in the numbers themselves. According to the report, 51.1 percent of traders have an annual volume of less than Rs 50,000. Around 57 percent of traders have taken fewer than 10 trades in a year, and about half of the sample size has a trade size of less than Rs 5,000.
India’s SMEs need a comprehensive policy beyond budgetary finance to go global
India needs to put in place a holistic policy for SMEs
How large IT companies stack up on growth rates after June quarter
TCS and LTIMindtree are projected to lead FY25 revenue growth rates. But Infosys is fast gaining momentum
Mild overweight on equities; bullish on Indian government bonds: the post-Budget view
The focus on fiscal discipline could boost the case for a sovereign rating upgrade. Robust economic growth, strong earnings growth, and sticky domestic investor base are supportive factors for Indian equities. Outlook for government bonds remains bright as well
Budget nudges growth in the immediate term, opens pathways for new reforms
Budget has set the ball rolling on new policy pitches that take cognisance of new areas that may require support to ensure resilient, sustainable and more equitable growth
For key infrastructure sectors, the Union Budget 2024 is par for the course
The Union Budget 2024 did not provide a road map for attracting private-sector investments but the focus on skilling programme and creation of 1,000 Industrial Training Institutes will aid the infrastructure sector, as skilled labourers will be available locally.
All stakeholders not satisfied, but Budget has something for everyone
Invariably, not all stakeholders will be satisfied to the fullest extent. But it speaks volumes when the government is able to offer something to everyone even as it maintains the path of fiscal prudence
Customs duty changes and skilling moves in Budget 2024 to benefit healthcare
Duty exemption on some cancer medicines will make treatment more accessible. In future, budget needs to consider higher healthcare allocations
Finally, getting down to the brass tacks in a budget
Slow creation of formal jobs has been India’s primary economic weakness. Addressing it was the budget’s underlying focus. Jobs will be the theme that will reverberate over the next five years
Should the Budget have set a higher capex target?
India is not shying away from capex, but rather setting the stage for structural capex trends. The stage is set for structural long-term growth and rating upgrades down the road!
Changes in STT, LTCG, STCG will be forgotten quickly, focus to shift on US Presidential election
The change in STT, LTCG, STCG tax structure was a negative surprise for the market to an extent that the marginal hike in tax rates has become a mood spoiler. The only impact it will have is sentimental in nature and not economical/fundamental in nature
Seizing Global Opportunities: Budget 2024's vision for India's future
Budget has allocated significant funds towards rural development, agriculture, and manufacturing. Key financial reforms include raising Mudra loan limits, introducing credit guarantee schemes for MSMEs, and reducing long-term capital gains tax to attract investments
India budget extends economic momentum to social equity
The budget carries a futuristic tone, as it sets up the roadmap for long-term vision of developed economy. It has also laid the foundation to bring inclusive and sustainable growth trajectory
Budget 2024 a bold fillip to Atmanirbharta of private capital
With the government’s backing, the private capital industry is poised for growth. It’s a bold step towards Atmanirbharta and it could propel India to greater heights
Budget scraps controversial angel tax, eases burden on startups
India has made a significant stride by abolishing the contentious angel tax. This tax, which levied charges on startups raising capital above fair market value, had been a longstanding issue causing distress among founders, companies, and angel investors alike. The move aims to alleviate harassment and uncertainty faced by entrepreneurs and investors
Mohamed El-Erian: Why I am now optimistic that economies can break out of a rut
For the first time in two decades, the potential for a step up in western growth is real and promising
DPI Dominates, AI Awaits: India's 2024 Budget charts digital course
Budget 2024 demonstrates India's commitment to leveraging its digital advantages. The focus on DPI and support for startups are commendable steps but a more comprehensive strategy for AI will be crucial to realise India's potential
Union Budget 2024 charting course for 'Viksit Bharat'
The budget's theme resonates with the aspirations of a young nation and is also a strong start towards the goal to achieve fiscal deficit target of 4.9% of GDP for FY 24-25.
July Flash PMI signals strong growth, higher inflation
Selling prices rose to the greatest extent since February 2013
The Budget provides a blueprint for the future
Recognising the significant financial needs of the economy, the Budget proposes a financial sector vision and strategy document to prepare the sector in terms of size, capacity, and skills
With the Budget's removal of angel tax, will the pearly gates open for startup investment?
The complications in assessing valuations and angel tax, along with associated questioning of genuine investment, had led to several start-ups relocating to other countries for ease of business
Budget’s focus on solar power underscores commitment to energy transition goals
Higher budgetary allocation under reform-linked and result-oriented capex scheme and power system strengthening will help state discoms improve their operational efficiencies
No major direct sops for auto sector in Budget 2024
However, Budget 2024 did continue allocations for the FAME and PLI schemes and lower duties on critical minerals can help lower cost of indigenously-made batteries for the EV market
Budget 2024 outlines roadmap for 'Viksit Bharat', focus on poor, women, youth and farmers
The Budget unveils government’s plan for 'Viksit Bharat' placing significant emphasis on job creation and skill enhancement as its focal points, structured around four key pillars
