Foreign Direct Investment (FDI) inflows into India have crossed the USD one trillion milestone in the April 2000-September 2024 period, firmly establishing the country's reputation as a safe and key investment destination globally.
The Ministry of Finance on Tuesday said that various measures taken by the Union government have contributed to the sustained financial health and robustness of the banking sector as a whole.
Coming as its steepest downgrade ratio since 2020, Jefferies India note recently lowered FY25 earnings estimates for nearly two-third of the companies under its coverage that have come out with September quarter results so far.
About 58.5 per cent of organisations in India have increased their learning and development budgets for FY25, according to a report on Monday.
Further, the FPIs reduced their buying momentum with the onset of the new fiscal 2024-25 (FY25).
ICRA said that the domestic steel consumption between February and April 2024 registered a growth of 11.3%. While government capex spending was healthy until February 2024, other steel-consuming sectors like housing/real estate contributed to the resilient demand after that, it said.
It is to be noted that the NHAI has raised Rs 40,314 crore through various modes of asset monetisation in 2023-24 against the target of Rs 28,868 crore, and as of now, the authority’s asset monetisation has crossed Rs 1 trillion.
ADB citied robust public and private investments and strong services sector for the revised number.
Starting from FY19, GNPAs have been seeing an improvement and touched a decadal low of 3.9 per cent in FY23 and were at 3 per cent in the December quarter of FY24, the report highlighted.
For the ongoing financial year (FY24), the global brokerage has revised the gross domestic product (GDP) forecast to 7.9%.
