According to experts, the country emerged as a standout performer and is poised to become the third-largest economy in this decade. The agencies are upbeat about the India growth story
Efforts to revitalise the rural economy, leveraging digital public infrastructure to create seamless linkages in the economy, policies bolstering manufacturing, and a consumption boom that could last several decades driven by our burgeoning youth population will contribute to making India a nation with huge economic heft
The services exports have risen to 150 percent of 2019 figures, showing that its growth is structural, says the US investment bank.
Badrinivas' comments come in the backdrop of China opening up and foreign institutional investors (FIIs) being bullish there amid pent-up consumption and India's higher valuations.
Sternfels noted that he is not naive to the challenges being faced in the world in terms of inflation, difficult geopolitics, and environmental challenges, and India is not immune to those.
From IMF to Moody’s, the phraseology is bullish about India. The condition is perfect for the Budget to help regain the status of the fastest growing economy on a sustained basis
Willem H Buiter, Global Chief Economist, Citi is of the belief that the demonetisation process in India will only have a minor impact on growth and will not alter the underlying India growth story.
This will be the first full budget which the current government will be tabling and since we have the majority government in place, the expectations are high and the industry is looking for a revival which will kick start the economic activity.
India competitiveness when it comes to exports, demographics, industrialization, urbanization and the huge potential that this country offers, makes it attractive in the long term
Rating agency Standard and Poor's (S&P) today ruled out rating upgrade of India anytime soon. S&P warn that reform announcements recently made by the government did not suffice to ensure growth.
“If, for example, fiscal conditions cannot be addressed by the next budget, or the macro economic conditions become worse than we expected in next one year or two, then there is a possibility for us to consider whether to change the outlook or indeed the rating itself," says Takahira Ogawa, director- ratings at Standard & Poor’s.
Speaking to CNBC-TV18, Arun Malhotra, senior vice president-sales & customer care- automotive division at M&M says that the company expects further growth in the utility vehicle segment. “M&M is trying to ramp up production of the latest on the block- the XUV 500,” he says.
In its hay-day, the India growth story was a money-magnet no one could say no to. But now, it is being questioned by many large institutional investors. And both private equity and long-only funds are looking to offload their core holdings in India. Harish Rao and Ashmit Kumar of CNBC-TV18 have a report.
Amid fears of policy paralysis and a widening fiscal deficit, a heightened political rift is the last thing Indian investors bargained for. The market today went into a tizzy, closing nearly 400 points down, quite contrary to the firming trend in Europe ahead of the EU Summit.
Even though there is a feel of an economic slowdown, Tata Steel is bullish on the India growth story and the steel sector, reports CNBC-TV18's Swati Khandelwal Jain.
S Narain, chief investment officer of ICICI Prudential tells moneycontrol.com that the gloom in Indian equities is driven only by the negative news flow from Europe. “In fact, barring a few defensives, the Indian market is very attractively priced for investors now,” he says.
Taimur Baig, chief economist- India global markets research, Deutsche Bank AG joins CNBC-TV18 to discuss if there are bigger worries about the Indian economy which is why the Sensex and the Nifty are taking their time to get back and follow their Asian peers.
Though global slowdown does have an effect on the Indian market, it has been seen time and again as being marginal and temporary. Majority of India growth is drawn by internal demand, says Richard Gibbs, Global Head of Economics, Macquarie Securities.
The domestic market has been trading range-bound over the past month. Suresh Mahadevan of UBS tells CNBC-TV18 that it is likely to continue this way until the fourth quarter.
Dharmesh Mehta, MD & Head of Broking at Enam Securities tells CNBC-TV18 that majority of foreign investors are under-invested in India right now. Lack of clarity on reforms and policies is what is ailing inflows, and therefore, once the government sets things right, we will see huge cash and equity inflows into our market, he says.
Inflation and monetary tightening are worrisome, says Tim Dickson of the Scottish Widows Investment Partnership. In an interview with CNBC-TV18, he says that fund managers are nervous in approaching India. India is trading at a premium compared with its Asian peers, he says.
Reliance Chairman Mukesh Ambani has said at the power packed Institute of International Finance Summit that India can be a USD 5 trillion economy by 2025.