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Measures to arrest the impact of global headwinds include diversifying import source nations, scouting for newer markets for Indian goods as well as non-tariff barriers are expected to push local manufacturing at the same time, a senior government official said
The Rs 10 lakh crore sector is likely to witness revenue growth plunging by up to 9 percentage points to 10-12 per cent in FY24 as against the nearly 20 per cent growth estimated in FY23, Crisil Ratings said.
The global environment continues to be complex, which is why Sommaiyaa expects there will be downgrades and earnings growth will be scaled down to low double-digits instead of 15-16 percent.
Market experts opined that the Indian market will be influenced by a combination of domestic and global factors, including the coronavirus situation and policy initiatives in the Union Budget next year.
Any moderation in growth will mark a premature end to what industry watchers believe to be the start of a "long-term upcycle" in the Indian real estate sector.
The Ocean of the Churn by Sanjeev Sanyal discusses an urgent need to revisit the history of a vastly complex and populous region, the Indian ocean region.
Speaking to CNBC-TV18, Anish Damania, business head - institutional equity of Emkay Global Financial Services says that the market has not bottomed out yet as global headwinds could possibly hurl it further down from previously seen lows of 4700.
Economy will grow by 8.2% in 2011-12, slower than the previous fiscal but it is not "sinking" despite global headwinds, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said.
The government may be bullish about economic growth next fiscal, but leading economists are not as confident as North Block mandarins about India's ability to even maintain the current rate, given domestic and global headwinds facing the country.
