#india economy

[dechnsign]

State of Kirana Stores and Quick Commerce

👉 This post talks about the rise of "Quick Commerce" platforms like Swiggy Instamart, Blinkit, Zepto, BigBasket and Swish. 👉 It also mentions the closure of 2,00,000 Kirana stores within a single year, as reported by AICPDF. 👉 The importance of startups and small businesses. 👉 The need to discuss a commercial balance in the domestic market.

[head-post]

South Africa welcomes India’s decision to ease rice exports

South African importers hailed India’s decision to ease restrictions on rice exports, according to the Press Trust of India.

Global rice prices declined since the Indian government lifted a ban on non-basmati white rice exports last month. The measure would also allow re-export of short-grain white rice to neighbouring countries.

Pranav Thakkar of Dev International, one of the largest importers of Indian produce in South Africa, also welcomed the move. India was South Africa’s largest rice supplier after Thailand and Vietnam, which together accounted for 70 per cent of imports, he said.

Global rice prices dropped recently due to an expected global supply surplus, Wandile Sihlobo, chief economist at the South African Agricultural Business Chamber, noted. Restaurant owners specialising in Indian cuisine also cheered lower rice prices.

India is the world’s largest rice exporter and accounts for nearly 40 per cent of global rice trade with 65 per cent of the basmati market. New Delhi decided to waive the minimum export price of $950 per metric tonne for basmati rice.

Read more HERE

[secretstalks]

CEO of Kotak Securities: Foreign Investment in India Underperforms Against Its True Potential

Foreign investment in Indian markets currently represents just a fraction of its potential, with many investors holding off for a market correction and lower valuations, according to Pratik Gupta, CEO and Co-Head of Institutional Equities at Kotak Securities.

Gupta noted that global investors have largely stayed on the sidelines, leading to minimal capital inflows compared to what could be invested. Many are looking to other markets like China, planning to return to India once valuations stabilize.

While Indian markets are viewed as expensive—particularly in segments like micro caps, SMEs, and small caps—Gupta emphasized that there is no bubble. He stated, “The broader market is expensive, but it’s not in bubble territory.” Over a 3-5 year horizon, equities are expected to outperform fixed income, even if they seem pricey in the short term.

This year, foreign portfolio investors have injected Rs 91,708 crore into Indian equities, reflecting fluctuating levels of buying and selling, while NSDL data indicates total investment in 2023 reached Rs 1.7 lakh crore.

Gupta highlighted that global funds, once cautious about Indian valuations, now feel they may have missed out as the markets have continued to rise, buoyed by retail and domestic institutional investments. “Retail and domestic investors have shown remarkable resilience,” he said, pointing to strong interest from foreign investors in IPOs, QIPs, and block deals.

Despite uncertainties such as election results and potential increases in capital gains tax, bullish sentiment in India’s stock market remains intact.

Gupta categorized foreign capital inflows into various groups. Sovereign wealth funds from Asia and Europe are making significant investments, particularly in select sectors. However, global emerging market funds are not attracting new inflows, as investors continue to favor the US markets.

READ MORE

[rightnewshindi]

जापान बढ़ा सकता है भारत का इंतजार, तीसरे नंबर की इकोनॉमी बनने में बनेगा समस्या; जानें कैसे

Indian Economy: प्रधानमंत्री नरेंद्र मोदी ने स्वतंत्रता दिवस के मौके पर आज लाल किले की प्राचीर से देश को संबोधित किया। इस दौरान उन्होंने देश की इकॉनमी का भी जिक्र किया। उन्होंने कहा कि भारत जल्दी से जल्दी दुनिया की तीसरी बड़ी इकॉनमी बनने की राह पर अग्रसर है। लेकिन भारत के इस मुकाम पर पहुंचने का इंतजार लंबा हो सकता है। इसकी वजह यह है कि जापान की इकॉनमी ने दूसरी तिमाही में उम्मीद से कहीं बेहतर…

[gazetteweekly]

Wholesale Inflation Rises for Fourth Straight Month in June to 3.36% Due to Costlier Vegetables

Wholesale inflation in India has increased for the fourth consecutive month, reaching 3.36% in June. This rise is primarily attributed to the soaring prices of food articles, especially vegetables, along with manufactured items.

The wholesale price index (WPI)-based inflation stood at 2.61% in May, marking a significant increase from the -4.18% recorded in June 2023.

According to the Ministry of Commerce & Industry, "The positive rate of inflation in June 2024 is primarily due to the increase in prices of food articles, manufacture of food products, crude petroleum & natural gas, mineral oils, other manufacturing, etc."

Key Highlights from the Data:

Food Articles Inflation: Increased to 10.87% in June from 9.82% in May.

Vegetables Inflation: Jumped to 38.76% in June from 32.42% in May.

Onion Inflation: Surged to 93.35%.

Potato Inflation: Rose to 66.37%.

Pulses Inflation: Climbed to 21.64%.

Fuel and Power Basket Inflation: Slightly decreased to 1.03% in June from 1.35% in May.

Manufactured Products Inflation: Increased to 1.43% in June from 0.78% in May.

The rise in wholesale inflation aligns with the retail inflation data for June, which saw retail inflation climb to a four-month high of 5.1%.

The Reserve Bank of India (RBI) primarily considers retail inflation when framing its monetary policy, indicating that the increasing inflation rates could influence future policy decisions.

[currentmediasstuff]

GST Collection Rises 7.7% to Rs 1.74 Lakh Crore in June: Slowest Growth Rate in 3 Years

This past Monday marked a significant moment in India’s tax history. Coinciding with the seventh anniversary of the GST rollout, the government announced that Gross Goods and Services Tax (GST) collections have risen by 7.7% year-on-year, reaching Rs 1.74 lakh crore in June. However, this growth represents the slowest rate in three years, with the last similar slow pace recorded in June 2021.

End of an Era: No More Monthly Announcements

In a surprising turn of events, the government has decided to cease the regular monthly announcements of GST collections. Traditionally, these figures were released on the first day of each month, providing a detailed state-wise revenue breakup and insights into economic and consumption activities. This change means there will no longer be official statements regarding GST collections moving forward.

The Numbers Game: Breaking Down the Figures

Despite the slower growth rate, the overall GST collection numbers for the financial year (April-June) have reached Rs 5.57 lakh crore. In May 2024, the collection was Rs 1.73 lakh crore, while in June 2023, it stood at Rs 1.61 lakh crore. The Integrated GST (IGST) settlement included Rs 39,586 crore towards Central GST (CGST) and Rs 33,548 crore towards State GST (SGST). Notably, GST collections hit a record high of Rs 2.1 lakh crore in April 2024.

Celebrating Seven Years of GST

On the occasion of the seventh anniversary of GST, the Finance Ministry took to social media platform X to highlight the benefits brought by this indirect tax regime. The Ministry emphasized how reduced tax rates on household goods have positively impacted every home, making household appliances and mobile phones more affordable.

Growing GST Taxpayer Base

Since the implementation of GST, the taxpayer base has expanded significantly. From 1.05 crore taxpayers in April 2018, the number has grown to 1.46 crore by April 2024. The Ministry shared comparative charts showcasing pre- and post-GST tax rates on household goods, underscoring how GST has facilitated easier living and reduced expenditure on essential items.

Conclusion

While the latest GST figures show a slower growth rate, the overall impact of the GST regime over the past seven years highlights its role in transforming India’s tax landscape. As we move forward without monthly GST collection announcements, the long-term benefits of GST continue to reflect in reduced household costs and an expanding taxpayer base.

[foxnangelseo]

The Evolving Landscape of Indian Investments

India, with its dynamic economy, diverse market opportunities, and favorable regulatory environment, continues to attract attention from investors worldwide. As one of the fastest-growing major economies globally, India offers a compelling investment proposition for those looking to capitalize on its growth potential and vibrant market dynamics. In this blog post, we'll explore the evolving landscape of Indian investments, highlighting key trends, sectors of opportunity, regulatory developments, and tips for investors looking to invest in India.

Understanding the Investment Climate in India:

1. Robust Economic Growth: India's economy has maintained a strong growth trajectory, driven by factors such as rising consumption, infrastructure development, and government-led initiatives to promote investment and entrepreneurship. Despite global economic challenges, India remains a beacon of growth and opportunity for investors seeking attractive returns.

2. Demographic Dividend: With a young and growing population, India possesses a demographic dividend that fuels consumption, innovation, and productivity. The rising middle class and increasing urbanization present vast market opportunities for investors across various sectors, including consumer goods, retail, healthcare, and technology.

3. Diverse Market Opportunities: India's economy is diverse and offers investment opportunities across a wide range of sectors, including:

- Information Technology (IT) and Software Services

- E-commerce and Digital Payments

- Healthcare and Pharmaceuticals

- Renewable Energy and Clean Technology

- Infrastructure and Real Estate

- Manufacturing and Automotive

- Agriculture and Agribusiness

4. Favorable Regulatory Environment: The Indian government has implemented several reforms to liberalize its economy and improve the ease of doing business for investors. Initiatives such as Make in India, Startup India, and Digital India aim to attract investment, foster innovation, and create a conducive environment for entrepreneurship.

Evolving Trends in Indian Investments:

1. Rise of Technology and Innovation: India's technology sector, including IT services, software development, and startups, continues to attract significant investment and attention from global investors. With a large pool of skilled talent, a thriving startup ecosystem, and supportive government policies, India has emerged as a hub for technology and innovation.

2. Focus on Renewable Energy: India's commitment to renewable energy and sustainability has led to increased investment in sectors such as solar power, wind energy, and electric vehicles. The government's ambitious targets for renewable energy capacity expansion and incentives for clean technology investments create opportunities for investors in this space.

3. Infrastructure Development: Infrastructure development remains a priority for the Indian government, with investments in transportation, energy, urban infrastructure, and digital connectivity. Public-private partnerships (PPPs) and foreign direct investment (FDI) are driving infrastructure projects across the country, offering opportunities for investors in sectors such as roads, ports, airports, and smart cities.

4. Rise of E-commerce and Digital Payments: The proliferation of smartphones, internet penetration, and digital adoption has fueled the growth of e-commerce and digital payments in India. Investors are increasingly betting on companies operating in the e-commerce, fintech, and digital payments space, driven by the rapid expansion of online retail and the government's push towards a cashless economy.

Regulatory Developments and Policy Initiatives:

1. Liberalization of FDI Policies: The Indian government has liberalized foreign direct investment (FDI) policies across various sectors, allowing greater foreign participation in the Indian economy. Key sectors such as retail, defense, insurance, and aviation have witnessed reforms aimed at attracting foreign investment and technology transfer.

2. Tax Reforms and Incentives: Recent tax reforms, including the introduction of the Goods and Services Tax (GST) and corporate tax cuts, have enhanced the ease of doing business in India and improved the overall tax environment for investors. Additionally, tax incentives and exemptions are offered to specific sectors and projects to encourage investment and economic growth.

3. Simplification of Regulatory Processes: Efforts to simplify regulatory processes, reduce bureaucratic red tape, and enhance transparency have made it easier for investors to navigate the regulatory landscape in India. The introduction of online portals, single-window clearances, and expedited approvals has streamlined procedures for setting up businesses and executing investment projects.

Tips for Investing in India:

1. Conduct Thorough Due Diligence: Before making investment decisions, conduct thorough due diligence on the target sector, company, and regulatory environment. Evaluate market trends, competitive dynamics, and potential risks to make informed investment choices.

2. Diversify Your Portfolio: Diversification is key to managing risk and maximizing returns in the Indian market. Allocate your investments across different asset classes, sectors, and geographic regions to mitigate concentration risk and capture diverse growth opportunities.

3. Stay Informed About Market Trends: Stay updated on market developments, regulatory changes, and economic trends affecting the Indian investment landscape. Follow reputable financial news sources, attend industry conferences, and engage with local experts to stay informed and make timely investment decisions.

4. Leverage Local Expertise: Partner with local investment advisors, legal experts, and business consultants who have in-depth knowledge of the Indian market and regulatory landscape. Local expertise can help you navigate complexities, identify investment opportunities, and mitigate risks effectively.

5. Adopt a Long-Term Perspective: India offers attractive long-term growth prospects, but investments may require patience and a long-term perspective. Avoid short-term speculation and focus on investing in quality businesses with sustainable growth potential over the long term.

6. Monitor Your Investments: Regularly monitor your investments, track performance metrics, and review your investment strategy to ensure alignment with your financial goals and risk tolerance. Stay agile and adapt your portfolio as market conditions evolve.

India's evolving investment landscape presents a multitude of opportunities for investors seeking growth, diversification, and long-term returns. With its robust economic growth, diverse market opportunities, and favorable regulatory environment, India continues to attract attention from investors worldwide. By understanding the key trends, sectors of opportunity, regulatory developments, and tips outlined in this blog post, investors can navigate the Indian investment landscape effectively and capitalize on its growth potential. As India marches towards becoming a global economic powerhouse, investing in India offers the promise of prosperity and success for investors willing to seize the opportunity.

This post was originally published on: Foxnangel

[knongwledgeinbox]

Tata Technologies Limited IPO is all set to open from 22nd November to 24th November 2023. The company is engaged in the business of providing engineering services. The IPO comprises an offer for sale (OFS) of 60,850,278 equity shares worth approximately ₹3042.51 crore. The share allotment date is November 30 and the IPO will be listed on the stock exchanges on December 5. The price range is ₹475 to ₹500 per share and the lot size is 30 shares.

[pallavirajput74]

Indiabulls IPO: Empowering Investors in India's Financial Landscape

[ximpex]

India to be the fastest growing economy again in 2023: IMF data

[unbfacts]

[reasonsforhope]

"India’s announcement that it aims to reach net zero emissions by 2070 and to meet fifty percent of its electricity requirements from renewable energy sources by 2030 is a hugely significant moment for the global fight against climate change. India is pioneering a new model of economic development that could avoid the carbon-intensive approaches that many countries have pursued in the past – and provide a blueprint for other developing economies.

The scale of transformation in India is stunning. Its economic growth has been among the highest in the world over the past two decades, lifting of millions of people out of poverty. Every year, India adds a city the size of London to its urban population, involving vast construction of new buildings, factories and transportation networks. Coal and oil have so far served as bedrocks of India’s industrial growth and modernisation, giving a rising number of Indian people access to modern energy services. This includes adding new electricity connections for 50 million citizens each year over the past decade. 

The rapid growth in fossil energy consumption has also meant India’s annual CO2 emissions have risen to become the third highest in the world. However, India’s CO2 emissions per person put it near the bottom of the world’s emitters, and they are lower still if you consider historical emissions per person. The same is true of energy consumption: the average household in India consumes a tenth as much electricity as the average household in the United States.  

India’s sheer size and its huge scope for growth means that its energy demand is set to grow by more than that of any other country in the coming decades. In a pathway to net zero emissions by 2070, we estimate that most of the growth in energy demand this decade would already have to be met with low-carbon energy sources. It therefore makes sense that Prime Minister Narendra Modi has announced more ambitious targets for 2030, including installing 500 gigawatts of renewable energy capacity, reducing the emissions intensity of its economy by 45%, and reducing a billion tonnes of CO2. 

These targets are formidable, but the good news is that the clean energy transition in India is already well underway. It has overachieved its commitment made at COP 21- Paris Summit [a.k.a. 2015, at the same conference that produced the Paris Agreement] by already meeting 40% of its power capacity from non-fossil fuels- almost nine years ahead of its commitment, and the share of solar and wind in India’s energy mix have grown phenomenally. Owing to technological developments, steady policy support, and a vibrant private sector, solar power plants are cheaper to build than coal ones. Renewable electricity is growing at a faster rate in India than any other major economy, with new capacity additions on track to double by 2026...

Subsidies for petrol and diesel were removed in the early 2010s, and subsidies for electric vehicles were introduced in 2019. India’s robust energy efficiency programme has been successful in reducing energy use and emissions from buildings, transport and major industries. Government efforts to provide millions of households with fuel gas for cooking and heating are enabling a steady transition away from the use of traditional biomass such as burning wood. India is also laying the groundwork to scale up important emerging technologies such as hydrogen, battery storage, and low-carbon steel, cement and fertilisers..."

-via IEA (International Energy Agency), January 10, 2022

Note: And since that's a little old, here's an update to show that progress is still going strong:

-via Economic Times: EnergyWorld, March 10, 2023

[darnellclayton]

Donald Trump Threatens World War E (For Economy) Against Dollar Hating Nations

Joker from The Dark Knight America’s 🇺🇸 once & future President, Donald Trump, is now threatening to descend the world into economic chaos because a few nations decided they did not want to use the American dollar 💵 as their preferred international currency. Screenshot of Donald Trump threatening tariffs The idea that the BRICS Countries are trying to move away from the Dollar while we stand…