News Overview

However, commentary on economic growth with GDP expansion pegged at 7% for the current fiscal is reassuring since that means credit expansion will continue its momentum and that bodes well for lenders like us.

This careful stance reflects concerns over potential inflationary pressures arising from volatile food prices, recent upticks in oil prices, and robust economic growth.

This measure not only instills confidence within the BFSI sector but also clears the path for strategic investments and fosters sustainable growth.

In terms of sectors, banking, FMCG, and realty indices rose by 0.5-1.5%, while the Information Technology and Media sectors declined by 0.4% each.

In FY24, Puravankara recorded a 90% year-on-year increase in sales, reaching ₹5,914 Crore. Sales for the quarter ending March rose by 93% year-on-year to ₹1,947 Crore.

The government is currently working to promote alternative fertilisers including nano liquid urea and nano liquid di-ammonium phosphate (DAP), according to Mandaviya.

The overall FPI buying in was strong at over $4.2 Billion, led by telecom and realty.

Despite inflation coming down over the last 2 years, the RBI is in no hurry to cut rates.

Despite rising mortgage rates and an upward trend in pricing, the residential real estate industry maintained its growth momentum in the first quarter of 2024, with sales volume of over 86,345, up 9% from the previous year, according to statistics from Knight Frank India.

With this background, interest rates being at multi-year highs make it a perfect entry point for investors to allocate funds in Debt. Investors can lock in the high interest rates by investing in long maturity Fixed Deposits, bonds or Long duration Mutual funds.