x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Well done, Charak | Where cinema begins again: The quiet power of restored classics | The Global Population Challenge | Humans Vs Machines: who will win the future of human resource management | India cannot function without Ram, Krishna, Shiva: CM Yogi | New UP is rushing from heat wave to green wave under Yogi Govt, reveals Forest Deptt report | Balbir remembered Guru Ravidass on Guru Purnima | DC Bandipora visits Gurez, reviews developmental projects | 420 MT Rotor lowered in Unit-I of Pakal Dul H.E. Project, CVPPL | Power Shut down | LG warns people giving irresponsible statements, propagating TRF narrative | LG congratulates Rajat Charak | Post-Operation Sindoor, demand for ‘Make in India’ weapons has seen sharp rise: LG Sinha | Lithium auction in Reasi expected after final survey report | J&K has evolved into year-round, all-segment tourism destination: CM Omar | Arms cache recovered in Poonch | Nabbed with Rs 70 Lakh Heroin, a family from RS Pura’s Tanda village running cross-border narcotics network | Amarnath Yatra: 7,307 pilgrims leave Jammu Base Camp | SC says ECI’s roll revision drive mandated in Constitution, but questions timing | ACB arrests Patwari for accepting bribe | Landslide kills girl | 7 injured in Udhampur accident | Goods train derails in Kathua | Joint Director Tourism Jammu Aijaz Qaiser interacts with social media influencers | MLA Arvind felicitates young Wushu Stars for bringing laurels to J&K | Div Com Jammu reviews preparations for Annual Basohli Utsav | Illegal pony operator booked & temple theft case solved in Katra | J&K Govt embarks on study to establish IT/ITES Parks | HC Grants bail to CE in corruption case | J&K High Court conducts plantation drive at Janipur complex | Kavinder pays obeisance to Hridayadeep Ji Maharaj on Guru Purnima | Pipping ceremony of Assistant Sub-Inspector held | Drug peddler arrested, intoxicant capsules recovered by Udhampur police | ADGP Armed J&K visits IRP 4th Battalion, Kupwara | Mehbooba seeks EAM's intervention to save Indian nurse on death row in Yemen | India's higher education ecosytem has undergone fundamental transformation: Pradhan at VC conference | ED books 29 Actors, Influencers, YouTubers in online betting linked PMLA case | Govt to sell minority stake in LIC | Delhi cop receives extortion call of Rs 10 crore; FIR registered, probe on | Dogri song "Ambli Banage Daal" released in Jammu | "Rotary Club Jammu Elite and SIBA organize successful medical camp | Balwant Thakur to visit England from July 25 to expand Natrang's international network | Modi Govt sets new benchmark for corruption-free governance: Rohiin Chandan | JKAACL hosts "Meet the Author" event | Field office of Union Ministry of MSME organizes Seminar | Samba police arrests absconder | SHKSSJ celebrates Guru Purnima with devotion and grandeur | KSS celebrate Guru Purnima with traditional religious fervor | GAMC&H Akhnoor students visited Sitlee Water Purification Plant | Workshop on Bloom's Taxonomy to Empower Educators | SJVN organizes two-day Orientation Programme for CMDs and Directors of CPSEs | SJVN organizes two-day Orientation Programme for CMDs and Directors of CPSEs | SIPS Hosts CBSE Cluster XVIIl Kabaddi Tournament | SBSSU becomes first University in Punjab to implement mandatory "Entrepreneurship Mindset" curriculum | Preserving our ecosystem, a collective responsibility: Committee on Environment | KU holds special marathon for differently-abled students | Shreyanka, Sadhu named in India A squad to tour Australia, Radha to lead | New Delhi to host two major international shooting competitions in 2027-28 | Back Issues  
 
news details
India a bright spot, to stay fastest-growing major economy in 2024: Report
8/20/2024 10:50:07 PM

Agencies
MUMBAI, Aug 20: Despite global macro-economic conditions, India continues to remain a bright spot and is expected to be the fastest-growing major economy this year, a report showed today.
The country has become the fifth-largest economy in the world, and is set to be among the top three global economic powers soon. Dr Gita Gopinath, Deputy Managing Director of the International Monetary Fund (IMF), stated last week that the country is likely to achieve this feat by 2027.
The IMF has raised its economic growth forecast for the country for FY25 to 7 per cent from 6.8 per cent projected in April.
The overall headline numbers of India's economy are strong, reflecting a large amount of public investment which has been a critical factor driving growth.
According to the latest report by Motilal Oswal Private Wealth (MOPW), corporate earnings growth over the last five years has been stellar and this has been the primary driver of equity market performance.
The report mentioned that for the top 500 listed companies (Nifty500), the PAT growth between FY19-24 was 22 per cent, and the total market cap of these companies has grown at the same rate during this period.
"Earnings growth is expected to moderate going forward," it added.
In terms of valuations, large caps are in fair valuation while mid and small caps on aggregate are relatively expensive.
In the fixed income market, on the back of favourable demand-supply dynamics and well contained inflation, the yield curve has started to gradually steepen -- debt securities with 1-3 year maturity are trading at yields which are lower than those with 10 year and above maturity.
"The RBI is likely to maintain status quo on interest rates this year with an eye on the US Fed rate actions," the report noted.
The Budget provided a fillip to multi-asset allocation funds, which invest in equity, debt and gold, and should be considered as a superior alternative to traditional fixed income.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU