With the strong possibility of a re-election for the Modi administration in India’s national elections that begin in April, Goldman Sachs is confident about India’s short-term economic prospects. The firm raised its outlook on India to “overweight” on high foreign fund inflows. Monetary easing by India's central bank, the Reserve...
Institutional Investment Into India Reaches 3-Year High
Foreign institutional investors’ (FII) inflow in the Indian market for the month of March is the highest single-month investment since February 2013. According to data from National Securities Depository and Securities and Exchange Board of India, FIIs have invested $3.08 billion (until March 28). Another $75 million in equities on...
D&B Projects 8.4 Percent Growth Rate for India's GDP
Spurred by policy reforms, fall in food inflation and lower fuel prices, “India's economic growth as measured by Gross Value Added at basic prices to grow by 8.4 percent in financial year 2016,” Dun & Bradstreet said in a research note. NDTV goes on to report the research firm’s view...
Foreign Institutional Investors Discuss Concerns with Prime Minister Modi
Ahead of the 2015-16 Indian budget, finance minister Arun Jaitly convened a meeting to address the concerns of Foreign Institutional Investors (FIIs). The meeting was attended by Prime Minister Narendra Modi, Reserve Bank of India Governor Raghuram Rajan, and Securities and Exchange Board of India Chairman U. K. Sinha along...