Alcoholic beverages, jam among 12 items to get export push
In 2022-23, processed food exports from India amounted to $10.6 billion, increasing at 22.4% compound annual growth rate in five years while the overall agricultural and food exports were around $53 billion, growing 6% year-on-year. India aims to increase agricultural exports to $100 billion by 2029-30 from around $53 billion now.
Overseas Indians book a returns trip, send home a record $29 billion in Q3
To be sure, remittances are a source of permanent flows, unlike repatriable NRI deposits, and these help in narrowing the current account deficit (CAD), which has steadily shrunk as a percentage of India’s gross domestic product (GDP).
Key indicators point to economic resilience at the end of FY24: NCAER
NCAER’s economic review forecasts a strong outlook for India’s economy, with robust manufacturing and service sector PMI, buoyant GST collections, and elevated inflation rates likely leading to unchanged policy rates in the upcoming Monetary Policy Committee meeting.
Percentage of small, midcap stocks trading below 20-DMA down to 57% from 83%: Anand James
The percentage of small and mid-cap stocks trading below 20-DMA has come down to 57% from 83% last week, indicating attempts to pull back. However, the percentage of stocks closing below the 30-day low increased to 9% from 2% last week which indicates that the recovery that we have seen lately among the SMIDs is […]
Bharti Hexacom IPO opens this week. 10 things to know before subscribing to the issue
Bharti Hexacom IPO: The company has fixed a price band of Rs 542-570 per share for its maiden public offer. At the upper end, the company plans to raise Rs 4,275 crore. The current GMP is Rs 40 in the unlisted market.
A repeat of FY24 is unlikely but expect 15-20% growth across caps: Mahantesh Sabarad
Market expert Mahantesh Sabarad expects sustained market momentum with possible valuation moderation, focusing on solid earnings growth, largecap, and FMCG resurgence driven by volume growth and commodity price impact. Sabarad says: “We will not see the likes of FY24 with a 30% rally in largecap and a 60% rally in midcaps and smallcaps; we will […]