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<keyword id="20207838" type="General" weightage="20" keywordseo="dsp-mutual-fund" source="keywords">DSP Mutual Fund</keyword>'s September 2024 Netra report credits <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword>'s strong economic recovery to increased fiscal expenditure. The report, which tracks current economic trends and market insights through various charts, emphasizes the need for the private corporate sector and households to play a larger role in sustaining the ongoing growth momentum. Netra also pointed out an unsettling calm in the markets, with the Nifty 50 TRI index maintaining an impressive 53-month streak without a 5% decline and 13 years without a drop greater than 10%. Sahil Kapoor, Head of Products and Market Strategist, DSP Mutual Fund, said, "The calm in the markets, marked by an unnerving lack of volatility, is a double-edged sword. While it provides a sense of stability, it also masks underlying risks that could surface unexpectedly, catching investors off guard. To ensure a sustainable recovery, there is a need for the private sector and households to take the lead, transforming fiscal stimulus into lasting economic growth." However, the report notes a shift in market dynamics, with the momentum factor, which has outperformed since the COVID-19 bottom, beginning to lose its dominance. At the same time, the quality factor, which had underperformed over the last four years, is now seeing a resurgence, potentially indicating a change in market leadership that could favour quality-orientated funds, both active and passive. The report highlights the critical role government spending has played in the recovery, with a focus on capital investments crucial for future growth. However, contributions from the private corporate sector and households have lagged. It also draws attention to a slowdown in India's per capita consumption, approaching lows seen in previous cycles. Given that consumption accounts for around 60% of GDP, it is vital that this sector grows at a rate exceeding GDP growth to stimulate private capital expenditure. India's <keyword id="487578" type="General" weightage="20" keywordseo="tax-collections" source="Orion">tax collections</keyword> have demonstrated robust growth, with gross tax revenue showing a five-year compound annual growth rate (CAGR) of 14 %. This growth, largely driven by <keyword id="6354751" type="General" weightage="20" keywordseo="income-tax" source="Orion">income tax</keyword>, indicates a rising dependency on capital gains and stock market performance, introducing new vulnerabilities to the economy. The banking and financial services sector (<keyword id="19910880" type="General" weightage="20" keywordseo="bfsi" source="keywords">BFSI</keyword>) has emerged as a key driver of market earnings, recording a 12 % increase in profit after tax (PAT) growth, significantly outpacing the 4.6 % growth observed in non-BFSI Nifty 50 companies. This disparity underscores the sector's importance in India's economic story and highlights promising investment opportunities.

India's strong economic recovery is led by fiscal expenditure: DSP MF

<ul class="summary-list"><li>There isn't a fiscal bazooka that can be aimed at all of China's economic issues, a Citi strategist says.</li><li>The idea that China's government will be able to steer the economy towards prosperity is an assumption that needs to be revised.</li></ul>China's economic situation is far too anemic for a big fiscal spending package to save the day."We haven't had any bazooka reaction by the government," Luis Costa said in a CNBC interview. "This is the crux of the issue here. Over the past 10 years we developed the sense that the Chinese government can steer the economy to prosperity."He added: "We have to revise that assumption now."To be sure, China has passed <a href="https://markets.businessinsider.com/news/commodities/china-economy-commodities-industry-retail-stimulus-recovery-growth-property-market-2023-9?_gl=1*12pj4e3*_ga*MzE5NjcxNzA3LjE2OTU3NDM1ODY.*_ga_E21CV80ZCZ*MTcwOTU3ODkwMS42MDEuMS4xNzA5NTc5MjQzLjU5LjAuMA..">stimulus measures</a> to prop up its sputtering economy, but historically, the policy is not popular among the top brass in Beijing, and President Xi Jinping has <a href="https://www.businessinsider.com/china-economy-shrinking-xi-jinping-debt-real-estate-american-world-2024-1">not been a big believer</a> of doling out direct cash payments to people.Either way, the government hasn't been able to fix the economic spiral so far. China is the <a href="https://www.businessinsider.com/china-economy-markets-deflation-chart-investors-consumer-prices-outlook-beijing-2024-3">only major world economy battling deflation,</a> its property sector is <a href="https://www.businessinsider.com/china-economy-crash-real-estate-collapse-property-market-rebound-evergrande-2024-2">still in the doldrums,</a> and the country is <a href="https://markets.businessinsider.com/news/stocks/china-economy-chinese-stock-market-foreign-investor-cash-flow-money-2023-12">hemorrhaging foreign capital.</a> The <a href="https://finance.yahoo.com/quote/000300.SS/history">CSI 300</a>, a benchmark index for the Chinese stock market, has tanked 16% in the past year.This week, China will hold its annual "Two Sessions" parliamentary meeting where they will release the country's 2024 growth target and outline plans to revive the economy. For investors, the key agenda will be the fiscal policy outlook. "[Tuesday's] statements will be a lot more important than today's — a lot of scrutiny in terms of the fiscal targets," Citi's Costa said. "We know that fiscal is the number one lever, but it's still very troubled waters for the Chinese economy."Last month, Vice Finance Minister Wang Dongwei <a href="https://www.reuters.com/world/china/chinas-fiscal-revenue-growth-picks-up-2023-2024-02-01/" target="_blank" rel="noopener">said</a> public spending remains the main tool through which the government hopes to support its economy.China's stock market capitalization hit a peak in 2021, Costa noted. It's down 35% since, shedding about $7 trillion in value. In the same timeframe, India's stock market capitalization has risen 60%, and the US stock market value has climbed as much as 22%."Something structural happened there, and it's very difficult to fix," Costa said.Some experts have warned that a massive stimulus package could <a href="https://www.businessinsider.com/china-economy-outlook-beijing-real-estate-markets-ehman-2024-2023-12">pave the way for China's "Lehman moment"</a> by worsening some of the underlying issues causing problems for the economy.

There's no fiscal 'bazooka' that China can aim at all of its economic troubles, Citi strategist says

<ul><li>US stocks gained at the close with the <keyword id="62414" type="COMPANY" weightage="60" keywordseo="Dow">Dow</keyword> reaching a record closing high as investors cheered the passage of the stimulus bill.</li><li>One strategist says retail investors could buy a record $3 billion of US stocks when they receive stimulus checks.</li><li>Airline stocks gained after the TSA revealed air travel spiked to its highest level in nearly a year.</li><li><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestrkets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>.</li></ul>US stocks gained at the close with the Dow reaching a record closing high as investors remained optimistic on economic growth following President Biden <a href="https://www.businessinsider.com/stimulus-biden-signs-trillion-covid-relief-package-checks-direct-payments-2021-3?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">signing the $1.9 trillion stimulus program</a> into law last week.<a href="https://markets.businessinsider.com/news/stocks/stock-market-impact-of-stimulus-check-record-buying-spree-vanda-2021-3-1030206973">Retail investors could buy a record $3 billion of US equities in a single day</a> when they receive their $1,400 stimulus checks from the US government, according to Viraj Patel, global macro strategist at Vanda Research. That could happen as soon as Wednesday or Thursday, when most Americans will start seeing $1,400 deposited into their bank accounts.Here's where US indexes stood after the 4:00 p.m. close on Monday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500_500" target="_blank" rel="noopener">S&amp;P 500</a>: 3,968.77, up 0.64%</li><li><a href="https://markets.businessinsider.com/index/dow_jones" target="_blank" rel="noopener">Dow Jones industrial average</a>: 32,952.14 up 0.53% (173.50 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite" target="_blank" rel="noopener">Nasdaq composite</a>: 13,459.71, up 1.05%</li></ul>Shares of major airline companies including <a href="https://markets.businessinsider.com/stocks/aal-stock?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest">American Airlines</a>, <a href="https://markets.businessinsider.com/stocks/ual-stock?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest">United</a>, <a href="https://markets.businessinsider.com/stocks/dal-stock?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingesum=inges">Delta</a>, and <a href="https://markets.businessinsider.com/stocks/luv-stock?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest">Southwest</a> rose on Monday on <a href="https://markets.businessinsider.com/news/stocks/airline-stocks-united-southwest-american-delta-stock-price-air-travel-2021-3-1030205455">optimism of a travel rebound in sight</a> after the Transportation Security Administration revealed that air travel spiked to its highest level in nearly a year.<a href="https://markets.businessinsider.com/stocks/amc-stock?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">AMC shares</a> rocketed up 29% extending this year's stunning run higher as the movie chain will begin reopening theaters in California.<a href="https://markets.businessinsider.com/news/stocks/penn-national-gaming-stock-sp500-dave-portnoy-barstool-record-high-2021-3-1030206979">Penn National Gaming jumped to an all time-high of $142</a> a share on Monday as investors cheered its inclusion in the <keyword id="123873" type="PERSON" weightage="60" keywordseo="SP-500">S&amp;P 500</keyword> next week. The Barstool Sports stakeholder has gained almost 3,000% over the last year.Short-sellers have tripled bearish bets against SPACs to $2.7 billion, from $724 million at the start of the 2021, according to <a href="https://www.wsj.com/articles/short-sellers-boost-bets-against-spacs-11615714200" target="_blank" rel="noopener">data from S3 Partners</a> amid fears the blank-chec frenzy has gone too far. <a href="https://uk.tradingview.com/symbols/BTCUSD/" target="_blank" rel="noopener">Bitcoin</a> pulled back to around $56,500 on Monday after it rose above $61,000 over the weekend. A report said India could <a href="https://www.businessinsider.com/india-to-propose-cryptocurrency-ban-penalising-miners-traders-source-2021-3" target="_blank" rel="nofollow noopener">fine anyone in the country for even holding such digital assets</a>.Oil prices fell. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti">West Texas Intermediate crude</a> fell 0.38%, to $65.36 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestts&amp;utm_medium=ingest">Brent crude</a>, oil's international benchmark, declined by 0.5%, to $68.88 per barrel.<a href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> jumped 0.6%, to $1,730.30 per ounce.

Dow, S&P 500 close at record highs as stimulus-fueled optimism continues

<ul class="summary-list"><li><keyword id="82981" type="CITY" weightage="60" keywordseo="Fitch">Fitch</keyword> upgraded its <keyword id="154571" type="PERSON" weightage="60" keywordseo="Global-growth">global growth</keyword> forecast for 2021 to 6.1% from 5.3% on Tuesday.</li><li>The new estimate would make for the fastest worldwide expansion since at least 1980.</li><li>US growth will reach 6.2% as vaccination and new stimulus boosts the nation's recovery, Fitch said.</li></ul>The world <keyword id="34412" type="ORGANIZATION" weightage="100" keywordseo="economy">economy</keyword> is set to thrive through 2021 as vaccinations and a new swath of fiscal support bring countries back to pre-pandemic norms, Fitch economists said.The team led by Brian Coulton lifted their estimates for economic growth in a Tuesday note, joining several other firms in preparing for a strong recovery. Global gross domestic product is now expected to grow 6.1% through 2021, up from the previous estimate of 5.3%. The new forecast calls for the fastest rate of global growth since at least 1980 and follows a 3.4% decline in 2020.<keyword id="572312" type="ORGANIZATION" weightage="60" keywordseo="global-GDP">Global GDP</keyword> will grow 3.9% in 2022, the team added. That estimate is little changed from Fitch's December forecasts.The US economy is expected to slightly outperform the rest of the world and grow 6.2% this year, the firm said. That's up from a previous estimate of 4.5% expansion. <keyword id="293989" type="ORGANIZATION" weightage="60" keywordseo="US-GDP">US GDP</keyword> is now projected to reach its pre-pandemic highs by the end of the second quarter, three months earlier than Fitch last forecasted.The $1.9 trillion stimulus measure signed by President Joe Biden last week drove the bulk of Fitch's revisions. The package is "much larger than expected" and, when joined with new relief plans in the EU and India, should contribute to the global recovery, the economists said.Vaccine rollouts are also grounds for optimism, they added. The US is administering roughly 2.5 million vaccinations each day on average, according to <a href="https://www.bloomberg.com/graphics/covid-vaccine-tracker-global-distribution/">Bloomberg</a> data. That rate sets the country up to reach herd immunity in the next five months, although <a href="https://www.businessinsider.com/johns-hopkins-professor-herd-immunity-us-april-2021-2">more optimistic estimates</a> see herd immunity arriving as early as next month. Though the eurozone's distribution efforts have lagged, the region should see vaccination accelerate in the second quarter, Fitch said."It still looks reasonable to assume that the health crisis will ease by midyear, allowing social contact to start to recover. But immunization delays or problems remain the key risk," the firm added.Fitch's projections for US growth are fairly conservative compared to peers. Goldman Sachs <a href="https://www.businessinsider.com/economic-outlook-gdp-growth-biden-stimulus-infrastructure-plan-recovery-goldman-2021-3">lifted its own 2020 estimate to 7%</a> on Monday, or 8% on a fourth-quarter-by-fourth-quarter basis.Morgan Stanley holds an even more bullish outlook, estimating growth <a href="https://www.businessinsider.com/economic-outlook-us-gdp-growth-inflation-unemployment-forecasts-morgan-stanley-2021-3">will reach 8.1% on a Q4-by-Q4 basis</a>. It also said the US economy will return to pre-pandemic levels of output by the end of the current quarter.Even the Federal Reserve's latest projections exceed Fitch's. The central bank <a href="https://www.businessinsider.com/federal-reserve-economic-outlook-gdp-unemployment-rate-stimulus-vaccinations-fomc-2021-3">boosted its 2021 growth estimate to 6.5%</a> from 4.2% in a Wednesday release. The Fed also sees the unemployment rate falling to 4.5% by the end of the year, an improvement from the previous 5% estimate.And risks still loom over Fitch's more modest forecast. Apart from the aforementioned vaccination setbacks, volatility in the Treasury market could lift borrowing costs sooner than expected and hinder the recovery. The eventual unwinding of government support programs could also slam unhealthy private-sector businesses and spark new bankruptcies, Fitch said.

Global GDP will grow the most since 1980 this year amid widespread vaccination and massive stimulus, Fitch says

Mumbai, Equity <keyword id="10180550" type="PERSON" weightage="20" keywordseo="benchmarks-sensex">benchmarks Sensex</keyword> and Nifty raced to new peaks on Wednesday as participants took note of continuously improving <keyword id="1413216" type="PERSON" weightage="20" keywordseo="macroeconomic-indicators">macroeconomic indicators</keyword> and positive trends in global markets. The BSE Sensex settled 403.29 points or 0.87% higher at 46,666.46, while the <keyword id="372424" type="COMPANY" weightage="20" keywordseo="NSE-Nifty">NSE Nifty</keyword> climbed 114.85 points or 0.85% to 13,682.70 -- record closing for both the benchmarks. Both the indices also marked their all-time intra-day highs of 46,704.97 and 13,692.35, respectively. In the Sensex pack, HDFC, ONGC, Bharti Airtel, Titan, Asian Paints, Mahindra and Mahindra and TCS were the prominent gainers. On the other hand, ICICI Bank, <keyword id="46717" type="COMPANY" weightage="20" keywordseo="IndusInd-Bank">IndusInd Bank</keyword>, NTPC, UltraTech Cement, Tech Mahindra and SBI were among the major laggards. Asian bourses closed broadly higher amid hopes that COVID-19 vaccines and <keyword id="114291" type="PERSON" weightage="20" keywordseo="economic-stimulus">economic stimulus</keyword> by governments around the world will revive economic growth. Market experts said Indian equities continued to trade at record high levels, gaining confidence from improving domestic macroeconomic indicators and positive global market outlook. SBI in a research report said India's GDP growth is expected at (-) 7.4% in FY21 on better-than-projected recovery, upgrading its earlier forecast of (-) 10.9%. S&amp;P Global Ratings on Tuesday raised India's growth projection for the current fiscal to (-) 7.7% from (-) 9% estimated earlier on rising demand and falling COVID-19 infection rates. On the forex market front, the Indian rupee settled 5 paise higher at 73.58 against the US dollar. Brent crude futures, the global oil benchmark, rose 0.47% to USD 50.93 per barrel. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-idbi-bank-pnb-bank-axis-bank-mm-embassy-reit-pvr-and-others/articleshow/79750662.cms">Top stocks to watch — IDBI Bank, PNB Bank, Axis Bank, M&amp;M, Embassy REIT, PVR, and others</a> <a href="https://www.businessinsider.in/defense/news/india-inaugurates-new-railway-line-with-bangladesh-to-save-its-chickens-neck-from-china-on-vijay-diwas/articleshow/79750869.cms">After 55 years, India will inaugurate a new railway line with Bangladesh to save its ‘Chicken’s Neck’ from China</a> <a href="https://www.businessinsider.in/finance/news/gold-loan-providers-in-india-face-a-rise-in-robberies-as-gold-prices-rise/articleshow/79752387.cms">Gold loan providers in India face a rise in robberies as gold prices rise</a>

Bulls incharge on Dalal Street: Sensex ends above 46,600 for first time, Nifty inches closer to 13,700

New Delhi, Apr 17 () Finance Minister Nirmala Sitharaman on Friday said India will soon announce fresh relief measures and economic stimulus to help the poor and industry fight the impact of the COVID-19 pandemic. Participating in the 101st meeting of the Development Committee Plenary of the World Bank through video conference, Sitharaman also assured the global community that India would continue to supply critical medicines to needy countries for the treatment of COVID-19 patients. Sharing details of welfare measures announced by the government last month, the finance minister said support measures worth USD 23 billion (Rs 1.70 lakh crore) were provided, comprising free health insurance to health workers; cash transfers, free food and gas distribution; and social security measures for affected workers. To help companies, especially SME firms, cope with sudden loss of economic opportunity, the government has provided relief in statutory and regulatory compliance matters related to income tax, GST, customs, financial services and corporate affairs, she said. The central bank has also been accommodative, she said, adding regulators are taking steps to reduce market volatility. "Government is working extensively with stakeholders for providing additional relief in the form of humanitarian aid and to provide economic stimulus in the coming days," she said. In her intervention at the session, Sitharaman stated that given the size of population, India could have become a major COVID hotspot. Taking no chances, the government launched massive efforts to assist the health system respond effectively to the outbreak, she said. Important measures included social distancing, travel restrictions, work from and stay at home in public and private sectors, and direct health interventions centred on scaled up testing, screening and treatment have helped contain impact of the pandemic, she added. As responsible citizens of the global community, she said "we are supplying critical medicines to the needy countries and will continue to do so if the situation demands." India started shipment of critical drug hydroxychloroquine for treatment of coronavirus to various countries, including the US after a bit of diplomatic tussle between the two nations. She also commended the speedy response and efficiency of the World Bank Group in rolling out the Fast Track COVID-19 Response Facility. DP CS ABMABM

You Searched For "india economic stimulus" and got 6 results

India's strong economic recovery is led by fiscal expenditure: DSP MF

ANI

There's no fiscal 'bazooka' that China can aim at all of its economic troubles, Citi strategist says

Aruni Soni

Dow, S&P 500 close at record highs as stimulus-fueled optimism continues

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Global GDP will grow the most since 1980 this year amid widespread vaccination and massive stimulus, Fitch says

Ben Winck

Bulls incharge on Dalal Street: Sensex ends above 46,600 for first time, Nifty inches closer to 13,700

PTI

COVID-19: India to provide additional relief, economic stimulus soon, says FM

PTI

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