Earnings season, global cues to shape market trends
Markets will continue to focus on the earnings season and global cues in the upcoming week.
Markets will continue to focus on the earnings season and global cues in the upcoming week.
The decline in CAD reflects a strengthening of the macroeconomic fundamentals of the Indian economy.
Within global economies, America’s resilience shines brightly, defying the dire predictions of naysayers and sceptics. Against a backdrop of uncertainty and volatility, the US economy has emerged as a bastion of strength and vitality, demonstrating a remarkable ability to weather storms and navigate through turbulent waters.
Money makes the world go round, so sang Sally Bowles in the famous movie Cabaret. Money today keeps the global economy ticking, and if the central banks stop printing money, we would already be in a 1930s Depression.
In the narrative of a nation’s economic performance, GDP growth often takes centre stage, like the star student’s report card that parents eagerly await.
Goldman Sachs highlighted that India's real GDP growth will decline marginally to 6.3 per cent in 2024 from the 6.4 per cent estimated for 2023 citing the upcoming Lok Sabha elections.
The report further said that the State Bank of India and the leading private-sector banks have largely addressed their asset-quality challenges.
India is likely to surpass Japan to become the world's third-largest economy with its GDP doubling to $7.3 trillion by 2030, according to the latest S&P Global Market Intelligence report.
The global call for climate action reflects equally in India’s reaffirmed commitment established through its updated Nationally Determined Contributions (NDC) from the 27th Conference of Parties (COP).
India’s external debt rose by $4.7 billion in the April-June quarter to touch the USD 629.1 billion mark, although the…