World Bank Projects India’s Economic Growth at 6.7% for Next 2 Fiscal Year

India’s economic growth is projected to remain steady at 6.7% annually for the next 2 fiscal years, beginning April 2025, according to a World Bank report on South Asia’s growth outlook. The report indicates that growth in South Asia, excluding India, is expected to rise to 6.2% in 2025-26.

2024-25 Economic Growth to Moderate

For the fiscal year 2024-25, India’s economic growth is expected to soften slightly to 6.5%, driven by a slowdown in investment and weak manufacturing growth. However, the World Bank highlights that private consumption remains resilient, primarily driven by improved rural incomes and a recovery in agricultural output.

This projection aligns with other estimates from analysts and institutions. The latest FICCI Economic Outlook Survey projects India’s GDP growth for 2024-25 at 6.4%, a dip from 7.0% predicted earlier in September 2024.

The Ministry of Statistics and Programme Implementation has also estimated a 6.4% growth rate, while BofA Securities India forecasts 6.5%. Acuité Ratings & Research and CareEdge Ratings predict a growth range of 6.4% to 6.5%, while Nomura expects a growth of 6.7%. The Reserve Bank of India has lowered its growth forecast for FY25 to 6.6%.

Services and Manufacturing Sectors to Lead Growth

The World Bank forecasts that India’s services sector will experience sustained expansion, while the manufacturing sector will see a strengthening, bolstered by government initiatives aimed at improving the business environment. Investment growth is expected to remain steady, with moderating public investment being offset by a rise in private-sector investment.

Strong GDP Growth in Recent Years

India’s economy has grown at a steady pace in recent years, with GDP growth recorded at 9.7% in FY22, 7% in FY23, and 8.2% in FY24.

South Asia Growth Outlook

For the rest of South Asia, the World Bank forecasts a growth rate of 3.9% in 2024, buoyed by recoveries in Pakistan and Sri Lanka and improved macroeconomic policies.

In 2025, growth for the region (excluding India) is expected to rise to 4%, with further improvement to 4.3% by 2026.

The report also highlighted challenges in Bangladesh, where political turmoil in mid-2024 weakened activity and investor confidence.

 

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Nifty Weekly Expiry Today: ABFRL, Bandhan Bank, RBL Bank, and other 6 stocks under F&O ban on January 16

The Nifty 50 index witnessed a modest recovery ahead of its weekly expiry, showing a gradual upside on Tuesday, January 14, 2025, and extending this momentum on Wednesday, January 15, 2025. The index traded within a range-bound manner, oscillating between 23,150 and 23,300 levels. Despite the constrained movement, the Nifty 50 managed to close above the key 23,200 mark, ending the day with minor gains of 37 points at 23,213.

Nifty Weekly Expiry Day Brings F&O Ban on 9 Stocks

As the Nifty weekly expiry approaches on Thursday, January 16, 2025, the National Stock Exchange (NSE) has imposed a trading ban on 9 stocks in the futures and options (F&O) segment. The ban was triggered as these securities breached 95% of the market-wide position limit (MWPL). While trading in F&O for these stocks is restricted, they remain available for trading in the cash market.

The stocks under the F&O ban for January 16 include:

  • Aarti Industries

On January 15, 2025, Aarti Industries’ share price surged 4.87%, closing at ₹429.25. According to BSE data, the stock recorded a total traded volume of 1.42 lakh shares, translating to a turnover of ₹6.02 crore.

  • Aditya Birla Fashion and Retail

On January 15, 2025, shares of Aditya Birla Fashion and Retail declined by 1.76%, closing at ₹265.60. According to data from the BSE, the stock witnessed a total traded volume of 3.83 lakh shares, resulting in a turnover of ₹10.34 crore.

  • Bandhan Bank

On January 15, 2025, Bandhan Bank share price increased by 0.10%, closing at ₹148.25. According to BSE data, the stock registered a total traded volume of 6.35 lakh shares, amounting to a turnover of ₹9.46 crore.

  • Hindustan Copper

On January 15, 2025, Hindustan Copper share price declined by 2.34%, closing at ₹220.80. BSE data shows a total traded volume of 7.03 lakh shares, resulting in a turnover of ₹15.68 crore.

  • Kalyan Jewellers India

On January 15, 2025, Kalyan Jewellers India share price dropped by 7.02%, closing at ₹554.90. According to BSE data, the stock recorded a total traded volume of 17.44 lakh shares, resulting in a turnover of ₹96.93 crore.

  • L&T Finance

On January 15, 2025, L&T Finance share price rose by 4.90%, closing at ₹140.30. BSE data revealed a total traded volume of 3.68 lakh shares, amounting to a turnover of ₹5.06 crore.

  • Manappuram Finance

On January 15, 2025, Manappuram Finance share price increased by 0.25% to close at ₹179.85. According to BSE data, the stock recorded a total traded volume of 4.27 lakh shares, with a turnover of ₹7.65 crore.

  • RBL Bank

On January 15, 2025, RBL Bank share price rose by 1.81%, closing at ₹157.15. According to BSE data, the stock saw a total traded volume of 3.45 lakh shares, resulting in a turnover of ₹5.39 crore.

According to an NSE statement from the NSE, “Derivative contracts in these securities have crossed 95% of the market-wide position limit and are placed under the stock exchange’s ban period. All clients/members shall trade in the derivative contracts of said securities only to decrease their positions through offsetting trades. Any increase in open positions will attract penal and disciplinary action.”

When stocks are placed under the F&O ban period, no new positions can be initiated in their derivative contracts.

Key Stock’s Results on Nifty Weekly Expiry Day

The Thursday trading session will feature the weekly expiry of Nifty 50 options contracts, a critical event for traders. Additionally, stocks like L&T Technology Services (LTTS), HDFC Life, and Transrail Lighting are expected to draw attention following the announcement of their quarterly results after market hours on Wednesday.

What is Nifty Weekly Expiry?

Nifty weekly contracts expire every Thursday, with the previous trading day as the expiry if Thursday is a trading holiday. All contracts are concluded at the normal market closing time on the expiry day or at a later time as determined by the exchange.

Also, if the last Thursday of the expiry period falls on a trading holiday, the expiry day for individual securities will be moved to the previous trading day.

Notably, in the MarketWatch, the expiry date is not displayed for the last week’s contracts as they are treated as monthly contracts. Instead, only the name of the month and the strike price are shown.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

L&T Chairman SN Subrahmanyan Suggests Employees to Work 90 Hours a Week

SN Subrahmanyan, Chairman of Larsen & Toubro (L&T), is facing severe criticism after suggesting that employees work 90 hours a week, including Sundays, to stay competitive. His remarks, made during an internal meeting, were shared in a video on social media platforms and quickly went viral, drawing widespread condemnation.

The 90-Hour Work Week Argument

In the undated video, Subrahmanyan responded to a question about the company’s mandate for employees to work on Saturdays, claiming that he would be even happier if employees worked on Sundays. “I regret I am not able to make you work on Sundays, to be honest. If I can make you work on Sundays, I will be more happy because I work on Sundays also,” he stated.

Challenging the need for time off, Subrahmanyan questioned, “What do you do sitting at home? How long can you stare at your wife? How long can the wives stare at their husbands? Get to the office and start working.”

Comparing Work Culture Across Countries

The chairman went on to compare India’s work culture with that of China. Recalling a conversation with a Chinese professional, he said, “Chinese people work 90 hours a week, while Americans work only 50 hours a week.” Subrahmanyan urged L&T employees to adopt a similar work ethic, saying, “If you have got to be on top of the world, you have to work 90 hours a week.”

The Bigger Debate: Corporate Attitudes Toward Employee Well-Being

Subrahmanyan’s comments have reignited concerns about corporate attitudes toward employees’ well-being, particularly regarding the pressure to work excessively long hours. The debate touches on the growing importance of work-life balance and mental health in the modern workplace. While some argue that such demands drive economic growth and productivity, others contend that they compromise mental health and quality of life.

L&T Responds: Clarification on Chairman’s Remark

In response to the uproar on the social media platforms, a spokesperson from L&T clarified Subrahmanyan’s comments, stating that the chairman’s remarks reflect the company’s broader vision for nation-building and progress. “At L&T, nation-building is at the core of our mandate. The Chairman’s remarks reflect this larger ambition, emphasising that extraordinary outcomes require extraordinary effort,” the spokesperson said. They further added, “At L&T, we remain committed to fostering a culture where passion, purpose, and performance drive us forward.”

The controversy over the 90-hour work week continues to fuel discussions about employee expectations, corporate culture, and the balance between productivity and personal well-being in today’s competitive business environment.

L&T Stock Performance Post News

On January 10, 2025, L&T share price closed up by 0.19% higher at ₹3,535.25, while the BSE benchmark Sensex ended down by 241.30 points to 77,378.91. L&T’s share price reached a 52-week high of ₹3,963 on December 10, 2024, and a 52-week low of ₹3,175.500 on June 05, 2025. As per BSE, the total traded volume for the stock stood at 1.90 lakh shares with a turnover of ₹67.02 crore.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Who are Leah Tata and Maya Tata? Who Joined Board of Tata Industrial Institute

Leah and Maya Tata, the daughters of Tata Trusts Chairman Noel Tata, have been inducted onto the board of trustees of the Sir Ratan Tata Industrial Institute (SRTII), a key subset of Sir Ratan Tata Trust. The trust is one of the two principal shareholders of Tata Sons, the holding company of the Tata Group.

Replacing Arnaz Kotwal and Freddy Talati

With the induction of Leah and Maya, they have replaced Arnaz Kotwal and Freddy Talati, who have stepped down from their roles as trustees of the SRTII. This move marks an important step as Noel Tata’s children now hold positions on the boards of all the smaller Tata Trusts, though they have not yet been inducted into the two main ones – Sir Ratan Tata Trust and Allied Trusts, and Sir Dorabji Tata Trust and Allied Trusts.

Who are Leah and Maya Tata?

Leah and Maya Tata are part of the next generation of the Tata family, alongside their brother Neville. Their father, Noel Tata, took over as Chairman of Tata Trusts following the passing of Ratan Tata in October 2024. Noel also serves on the board of Tata Sons.

Leah Tata: Vice President at IHCL

Leah Tata, the eldest of the three siblings, is 39 years old and currently serves as Vice President at Indian Hotels Company Limited (IHCL), the Tata Group’s hospitality arm. She is responsible for managing the Gateway Hotels brand. Leah holds a master’s degree in marketing from IE Business School in Spain and has been involved with the Tata Group since 2006, initially joining as an Assistant Sales Manager at Taj Hotels. She briefly interned with Louis Vuitton in 2010 but has largely focused on expanding the group’s hotel operations.

Maya Tata: Role at Tata Digital

Maya Tata, 36, is a graduate of Bayes Business School and Warwick University in the UK. She began her career at Tata Opportunities Fund, part of Tata Capital, where she specialized in portfolio management and investor relations. Currently, she works with Tata Digital and played a significant role in launching the Tata Neu app, a prominent digital initiative of the Tata Group.

Active Trusteeship in Tata Medical Centre Trust

Both Leah and Maya are also trustees of the Tata Medical Centre Trust, an organisation that runs a cancer hospital in Kolkata, further demonstrating their involvement in the philanthropic efforts of the Tata Group.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

SRF Share Price in Focus After Clarification on US Refrigerant Gas Price Hike

Shares of SRF, a leading speciality chemicals manufacturer, are in the spotlight today on January 10, after the company issued a clarification regarding reports of a significant price hike by a US-based refrigerant gas distributor. In a regulatory filing, SRF clarified that the reported price increase pertains exclusively to the US market and does not directly impact its operations.

Clarification on US Market Impact

In its filing to the stock exchanges, SRF emphasised that price adjustments for refrigerant gases in its relevant market segments are driven by local supply-demand dynamics rather than external factors in the US. The company stated:

“The company considers it necessary to clarify to the Stock Exchanges that the reported price hike by a US refrigerant gas distributor is in the context of the US market. Changes in prices of refrigerant gases for SRF will remain a function of demand and supply in our relevant market segment.”

Background on the US Price Surge

The clarification comes in response to reports of a steep price increase in the US for refrigerant gases. According to sources, US distributors have raised prices for certain refrigerants, with IGas USA reporting a price surge of up to 200% for gases such as R32 and R125. This sharp rise is attributed to supply chain disruptions affecting these products.

SRF Share Reaction React to News

On January 10, 2025, SRF share price traded 3.56% lower at ₹2,577 at 9:48 AM (IST), while the BSE benchmark Sensex plunged 230.35 points to 77,389.86. SRF share price reached a 52-week high of ₹2,697.45 on May 03, 2024, and a 52-week low of ₹2,088.55 on June 04, 2024. As per BSE, the total traded volume for the stock stood at 0.25 lakh shares with a turnover of ₹6.40 crore.

At the current price, SRF shares are trading at a price-to-earnings (P/E) ratio of 67.42x, based on its trailing 12-month earnings per share (EPS) of ₹39.64, and a price-to-book (P/B) ratio of 7.27, according to exchange data.

Shareholding Details

As of September 30, 2024, Foreign Institutional Investors (FIIs) held an 18.30% stake in Zomato shares, while Domestic Institutional Investors (DIIs) owned 17.76%, and the promoters held 50.26%.

 

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Authum Investment Increases Stake in ADF Foods to 14.83% During Q3 FY 2025

ADF Foods announced that investor Authum Investment has increased its stake in the company by 0.71% during the third quarter of FY25. With this addition, Authum Investment’s total shareholding in ADF Foods now stands at 14.83%.

Stock Performance 

On January 09, 2025, ADF Foods share price traded 0.34% higher at ₹282.35 at 3:08 PM (IST), while the BSE benchmark Sensex plunged 544.96 points to 77,197.30. ADF Foods share price reached a 52-week high of ₹352.50 on December 16, 2024, and a 52-week low of ₹178.55 on March 03, 2024. As per BSE, the total traded volume for the stock stood at 7407 shares with a turnover of ₹21.01 lakh.

At the current price, ADF Foods shares are trading at a price-to-earnings (P/E) ratio of 36.80x, based on its trailing 12-month earnings per share (EPS) of ₹7.65, and a price-to-book (P/B) ratio of 6.58, according to exchange data.

Shareholding Details

As of December 31, 2024, Foreign Institutional Investors (FIIs) held a 9.55% stake in ADF Foods, while Domestic Institutional Investors (DIIs) owned 8.81%, and the promoter 36.17%.

About ADF Foods

ADF Foods, a global leader in food processing, began its journey in the 1960s with a small retail outlet at Mumbai’s Flora Fountain, also known as Hutatma Chowk, selling speciality dried fruits. Over nine decades, the company has evolved into one of the largest food processing companies worldwide, with advanced manufacturing units, a robust distribution network, and a diverse portfolio of over 400 products across eight brands.

Serving 55 countries through a network of 180+ distributors, ADF Foods offers a wide range of ethnic cuisines, including Indian, Middle Eastern, Mediterranean, and global flavours. Its product lineup spans from masala pastes and pickles to parathas and plant-based foods, catering to a vast consumer base. ADF Foods also operates a U.S.-based subsidiary that focuses on Mexican and plant-based foods, as well as agency distribution.

 

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Anand Rathi Wealth To Consider Bonus Shares in Upcoming Board Meeting on January 13

Anand Rathi Wealth, a prominent name in wealth management services, is gearing up for a potential milestone by considering the issuance of bonus shares for the first time. The company’s Board of Directors will convene on Monday, January 13, 2025, to deliberate on this significant proposal.

In a filing to the stock exchanges, the company stated: “In furtherance to our intimation dated 1st January 2025, regarding the proposed Board Meeting scheduled to be held on Monday, i.e., 13th January, 2025, this is to inform you that the Board of Directors, in its meeting, inter-alia, would also consider a proposal for issuance of Bonus Shares to the shareholders of the Company.”

The company also clarified that the trading window, currently closed, will remain shut in light of developments related to the bonus share proposal.

Stock Performance 

On January 08, 2025, Anand Rathi Wealth share price ended 1.13% lower at ₹3,863.55, while the BSE benchmark Sensex closed down by 50.62 points to 78,148.49. Anand Rathi Wealth’s share price reached a 52-week high of ₹4,640.55 on December 09, 2024, and a 52-week low of ₹2,575.00 on January 16, 2024. As per BSE, the total traded volume for the stock stood at 4010 shares with a turnover of ₹1.54 crore.

At the current price, Anand Rathi Wealth shares are trading at a price-to-earnings (P/E) ratio of 61.40x, based on its trailing 12-month earnings per share (EPS) of ₹62.57, and a price-to-book (P/B) ratio of 27.26, according to exchange data.

Shareholding Details

As of September 31, 2024, Foreign Institutional Investors (FIIs) held a 5.32% stake in Zomato shares, while Domestic Institutional Investors (DIIs) owned 7.96%, and the promoters held a 47.99% stake.

Financial Performance in Q2 FY25

The move to consider issuing bonus shares is supported by Anand Rathi Wealth’s robust financial growth in recent quarters. For the quarter ended September 30, 2024, the company reported:

  • Net profit: ₹76.1 crore, a 32.4% year-on-year (YoY) increase from ₹57.5 crore.
  • Revenue from operations: ₹242.5 crore, marking a 32.8% YoY growth from ₹182.6 crore in Q2 FY24.
  • EBITDA: ₹104.2 crore, up 34.5% YoY from ₹77.5 crore.

The company has demonstrated a strong commitment to rewarding shareholders, as evidenced by the interim dividend of ₹7 per equity share (140% of the ₹5 face value) declared for FY25.

What is a Bonus Issue?

Bonus shares are a shareholder reward mechanism where additional shares are issued to existing shareholders at no extra cost. Bonus shares are distributed based on the number of shares held, which boosts stock liquidity while maintaining a cash-neutral position.

Unlike dividends, which involve cash payouts, bonus shares are issued by capitalising the company’s reserves. This method particularly appeals to investors seeking to expand their portfolios without incurring direct costs.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Deloitte India Union Budget 2025-26 Report: Tax Expectations and Key Growth Drivers

As Finance Minister Nirmala Sitharaman prepares to present her eighth consecutive Union Budget on February 1, 2025, Deloitte has outlined its expectations for the upcoming fiscal year. The consultancy anticipates the government will prioritise measures to boost growth, address inflation, enhance exports, and continue its strong focus on infrastructure development.

Deloitte Suggests Simplified Tax Compliance for NRIs

To improve the ease of doing business for Non-Resident Indians (NRIs), Deloitte’s Divya Baweja has recommended measures to streamline tax payment and e-verification processes.

Currently, tax payments in India are restricted to Indian bank accounts through methods like net banking, debit cards, NEFT/RTGS, and UPI. This limitation creates challenges for NRIs, especially those who do not have Indian bank accounts or find it inconvenient to transfer funds from abroad.

Baweja has proposed allowing NRIs to pay taxes directly from their overseas bank accounts. This change would simplify the tax payment process and make compliance more accessible for NRIs worldwide.

Clarity in Taxation of Stock Options

Taxation of stock awards for non-resident (NR) employees continues to be a complex area due to ambiguity in existing rules under Section 17(2) of the Income Tax Act. While the section provides for taxing stock award benefits as a prerequisite, it does not offer clear guidance on cases where NR employees have rendered part of their services overseas during the grant-to-vesting period. Court rulings and OECD guidelines suggest that the benefit accrues over the vesting period, yet the lack of explicit rules leads to inconsistent treatment.

At the assessment stage, tax officers often deny taxpayer claims for apportionment of stock awards, forcing employees into unnecessary litigation. Although these claims are generally accepted at the appellate level, taxpayers endure significant hardship before reaching a resolution.

To address this, experts have proposed that the government issue clear guidelines on apportioning stock award benefits based on the grant-to-vesting period. These guidelines could follow the precedent set by FBT Circular No. 9/2007, which provides clarity on similar matters. Additionally, it is suggested that only the location where services were rendered be considered for apportionment.

Key Growth Pillars Identified

Deloitte highlighted private consumption and investment activity as the primary drivers of economic growth in FY2025, given the ongoing global uncertainties weighing on net exports. “Private consumption has shown a notable increase, and investment activity has modestly improved. These two will form the foundation of growth,” said Rumki Majumdar, Economist at Deloitte India.

The budget exercise for FY26 commenced in September 2024 with a circular from the Finance Ministry. Following meetings with central ministries and stakeholders, Sitharaman will engage with industry representatives, economists, trade unions, and states to incorporate their views.

Four Major Expectations From Union Budget 2025-26

1. Employment Generation and Skill Development

Deloitte expects a continued focus on employment and skill initiatives such as employment-linked incentives and internship programs, which were emphasised in the previous budget. The Periodic Labour Survey for June 2024 reported a rise in the Labour Force Participation Rate (LFPR) for both men (74.7%) and women (25.2%) compared to 73.5% and 23.2%, respectively, in June 2023. A declining unemployment rate underscores the need to sustain these efforts to drive economic growth and boost incomes.

2. Inflation Control with Structural Solutions

Inflation remains a critical challenge, with CPI inflation peaking at 6.21% in October 2024 before easing to 5.48% in November. Deloitte anticipates long-term solutions to strengthen the agricultural value chain, incentivise production, and address supply-side issues. Short-term measures such as Direct Benefit Transfers (DBTs) and food coupons are expected to support rural consumption, where inflation has been particularly severe.

The Economic Survey 2024 suggested excluding food prices from India’s inflation targeting framework, arguing that supply-side measures, rather than RBI’s demand-side tools, would better address food inflation.

3. Boosting Export Competitiveness Amid Global Risks

Global trade volatility, exacerbated by U.S. President-elect Donald Trump’s stance on reciprocal tariffs, poses risks to Indian exports. To achieve its $2 trillion export target by 2030, Deloitte expects the government to implement tariff rationalisation, duty exemptions, and simplified compliance procedures to lower export costs and enhance competitiveness. These measures are critical to offset potential disruptions in global supply chains and trade relations.

4. Infrastructure Development as a Growth Driver

The government’s emphasis on infrastructure spending is expected to continue, with capital spending increasing from 1.63% of GDP in FY2019 to 3.4% in FY2025. Deloitte predicts sustained investment in social, physical, and digital infrastructure, including expanding road networks, developing multi-modal logistics parks, and improving logistical efficiency. Health, education, and skill development will also receive focused attention.

Economic Outlook: Risks and Opportunities

Deloitte identified both upside and downside risks for the Indian economy in FY2025.

Upside Risks

  • Consumer Spending: Rural consumption remains resilient despite geopolitical uncertainties.
  • Credit Growth: Strong growth in MSME credit indicates increased investment in expansion.
  • Services Sector Resurgence: Robust growth of 7.6% in FY24, with services exports rising 21.3% year-over-year.

Downside Risks

  • Inflation Pressures: Persistent high food prices have kept CPI inflation above RBI’s target, posing risks to purchasing power and demand.
  • Geopolitical Concerns: The Israel-Iran conflict and U.S. trade policy changes could disrupt global supply chains, capital flows, and oil prices, adversely impacting exports and the current account balance.

Infrastructure and Reforms Central to Vision 2025

The Union Budget 2024-25 laid the groundwork for achieving the “Viksit Bharat” vision. Continuing reforms in infrastructure and balancing objectives will be pivotal in driving India’s economic transformation. With Deloitte’s insights, stakeholders will closely watch Budget 2025-26 for strategies to navigate global uncertainties and sustain long-term growth.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Dev Sethia

Dev is a content writer with over 2 years of experience at Business Today, Times of India, and Financial Express. He has also contributed stories in Hindi for BT Bazaar and Khalsa Bandhan News Paper. A journalism postgraduate from ACJ-Bloomberg, Dev enjoys spending his spare time on the cricket pitch.