Foreign investors selling Indian equities due to ‘profit booking’: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman Monday said the foreign institutional investors (FII) are selling Indian equities lately due to the profit booking.
Union Finance Minister Nirmala Sitharaman Monday said the foreign institutional investors (FII) are selling Indian equities lately due to the profit booking.
Offering rare insights in the Government’s economic thinking and giving a snapshot of the Indian Economy, together with a SWOT analysis, every word of the Economic Survey is precious to serious students of economics.
On his return to Bhopal after his visit to Japan, Madhya Pradesh Chief Minister Dr Mohan Yadav declared that the state would be a crucial contributor to India’s economic advancements in the future, emphasising that the state's importance was evident during his visit as major Japanese companies evinced keen interest in investing in Madhya Pradesh.
PHDCCI CEO and Secretary General Dr. Ranjeet Mehta discusses MSMEs, predicts India becoming a $34 trillion economy by 2047, and shares insights on the rupee slide. .
The Economic Survey tabled by Union Finance Minister Nirmala Sitharaman on Friday showcased key developments in the Indian economic landscape, from growth numbers to banking sector performances. It highlighted that India’s economy is projected to expand between 6.3 per cent and 6.8 per cent in the financial year 2025-26 (FY26).
The Consumer Food Price Index, increased at a slower rate of 9.43 per cent in November from 11 per cent in October.
The economy had shrunk by an unprecedented 23.9 per cent in the first quarter of this fiscal due to the coronavirus pandemic and resultant lockdowns.
It can be noted that the Indian economy contracted by 23.9 per cent in the first quarter of the fiscal year, and the RBI expects the economy to shrink by 9.5 per cent in FY21.
In the manufactured products category, inflation stood at 2.12 per cent in October, compared to 1.61 per cent in September.
The contraction is ebbing with gradual normalisation in activities and expected to be short-lived.
