Economy - Angel One

The Union Budget 2024, presented on July 23, 2024, has had a profound impact on foreign institutional investors (FIIs) in the Indian equity markets. Known for their significant influence on market dynamics, FIIs were initially aggressive buyers throughout the first half of July. However, the post-budget period has seen a sharp reversal, leading to a …

Union Railway Minister Ashwini Vaishnaw announced a substantial budget allocation of ₹14,183.69 crore for the Northeast Frontier Railway (NFR) in the FY 2024-25 Union Budget. This represents a five-fold increase compared to the average allocation during the 2009-14 period, underscoring the government’s commitment to developing the region’s railway infrastructure. The overall railway budget has witnessed …

The Indian government signalled its continued focus on bolstering the nation’s power sector by approving a nearly 14% increase in capital investment for eight state-owned power companies. Announced in the Union Budget 2024 presented on Tuesday, this move aligns with the figures outlined in the interim budget earlier in 2024. Strategic Investment Breakdown Total Allocation: …

Embracing the Prime Minister’s vision of “Working with the nation as a whole,” the Ministry of Coal is spearheading a collaborative effort to ensure a stable and affordable coal supply for India’s economic engine. Working alongside the Ministries of Railways and Power, along with other stakeholders, the initiative prioritises coal delivery at set prices for …

In recent years, India has demonstrated a concerted effort to manage its fiscal deficit, a crucial indicator of economic health. The fiscal deficit, which measures the shortfall between the government’s revenue and expenditure, has seen significant fluctuations, particularly influenced by the COVID-19 pandemic. From March 2014 to March 2019, India’s fiscal deficit as a percentage …

As the second quarter of FY25 unfolds with signs of economic momentum, the Reserve Bank of India (RBI) has underscored the importance of staying on the straight and narrow path of aligning inflation with the 4% target. This prudent approach aims to ensure long-term stability, avoiding the pitfalls of placing more value on present gains …

The Securities and Exchange Board of India (SEBI) is exploring the introduction of a new asset class targeted towards investors with higher risk tolerance and larger investible amounts. This initiative aims to create a regulated investment option that falls between traditional mutual funds and portfolio management services (PMS). Rationale Behind the New Asset Class Bridging …

India’s export sector demonstrated resilience in June 2024, defying global economic uncertainties. While the initial projections anticipated a 5.40% growth in total exports for June 2024, the final figures released by the Ministry of Commerce and Industry revealed a slightly lower but positive increase of 2.55%. This brings the cumulative export growth for the quarter …

India’s automobile exports showed impressive growth in the June quarter, rising by 15.5% year-on-year, with all segments, except for three-wheelers, experiencing increased shipments. According to the latest data from the Society of Indian Automobile Manufacturers (SIAM), total exports reached 11,92,577 units in the first quarter of the current fiscal year, up from 10,32,449 units during …

The Indian economy has demonstrated notable resilience during the April-June quarter, starting the financial year on a strong note as factory output reached a seven-month high in May. However, this encouraging performance was accompanied by a resurgence in retail inflation, which spiked to a four-month high in June, presenting significant challenges for policymakers as they …