India is set to become the world’s third-largest economy by FY28, two years earlier than projected, according to economists at SBI Research. The team said the figures, which would see India surpass Japan and Germany and account for 4% of the global GDP share, were achievable with growth rates anywhere between 6.5% to 11.5%.
SBI and PPFAS Mutual Fund among 5 AMCs that had over Rs 10,000 crore cash in their portfolio in November
Mutual funds have reduced overall cash allocation by over Rs 7,149 crore to Rs 2.01 lakh crore in November against Rs 2.09 lakh crore in