The Survey, tabled by the finance minister Nirmala Sitharaman in Parliament on Monday, proposed strategic reforms, including parental leave policies, subsidies for care services and encouraging public and private investments in building care infrastructure besides putting in place a rating system for creches and elderly homes to develop a structured care economy in the country.
Anant Raj shares climbed 12% to Rs 540 after Anant Raj Cloud signed a MoU with Google for data center and AI solutions. With a 164% annual return and positioned at a 56 RSI, the stock remains strong above its moving averages. Despite JSW Steel's profit drop, Anant Raj shows robust performance.
In today's trading session, five large and midcap stocks from the Nifty200 index hit a new 52-week high.
India's electronics exports reached 6.6% in FY24, driven by smartphone manufacturing and the PLI scheme, as per the Economic Survey 2023-24. With Apple's $14 billion production and Foxconn's operations in Karnataka and Tamil Nadu, US exports created an $8.7 billion trade surplus. Domestic production hit Rs 8.22 lakh crore in FY23, contributing 4% to GDP, increasing female employment, and enhancing India's 3.7% global market share in electronics.
The survey notes that easing compliance, deregulation and robust export policy is crucial for growing the country’s ‘Mittelstand’.
India's Buffett Indicator (market cap-to-GDP ratio) is at alarming levels, highlighted in the Economic Survey presented in Parliament. Despite reaching 124% by December 2023 and an estimated 136% by June 2024, caution is advised as it doesn't correlate with economic progress. Factors include a strong macro outlook, corporate earnings, and significant retail and foreign investments driving market highs.
On the technical charts, the 200-day moving average of the stock stood at Rs 322.51.
The government aims to support MSMEs through sector wide integration and a composite criterion. The eco survey stated that TReDS platform boosted liquidity by discounting Rs 2.9 lakh crore of MSME invoices.
Goa serene beach: Accessible only by boat, Butterfly Beach in South Goa is a secluded paradise nestled amidst lush greenery.
The survey noted that despite its significance, the agriculture sector continues to face structural issues that have implications for India's economic growth.
The stock traded at a P/E multiple of 107.84, while the price-to-book value ratio stood at 8.0.
India plans to apply for deep-sea mineral exploration licenses in the Pacific Ocean to secure critical minerals for energy transition technologies. The UN-backed ISA has issued 31 licenses but not yet permitted mining. India's efforts will focus on the mineral-rich Clarion-Clipperton Zone, aiming to support its green energy needs.
The Economic Survey 2023-24 highlights coal's continued dominance in India's energy system for the next two decades, with phase-down dependent on importing critical minerals for clean energy. Emphasizing carbon capture technologies, it advocates for coal gasification to reduce reliance on imports and emissions. Coal currently fuels 70% of India's electricity generation
India's capital expenditure has enhanced the economy's potential, with the government focusing on fixing infrastructure. The Economic Survey 2023-2024 underscores the need for more private investments alongside public funding. The document highlights challenges hindering private sector participation, emphasising the importance of reforms to boost engagement and ensure sustainable growth in India.
Citing a report from the Indian Council for Medical Research, the Economic Survey observed that the rise in consumption of highly processed foods laden with sugars and fat, coupled with reduced physical activity and limited access to diverse foods, exacerbate micronutrient deficiencies and overweight/obesity problems.
The Relative Strength Index of the stock stood at 74.24 on Monday.
The Economic Survey, presented by Finance Minister Nirmala Sitharaman, outlined a medium-term growth strategy for "Viksit Bharat @ 2047," emphasizing India's resilient growth and institutional strength. It proposed a six-pronged approach focusing on private capital formation, public-private partnerships for green transition, MSME support, sustainable agriculture, targeted education and skill policies, and enhancing state capacity for sustained progress
Web data restrictions impact AI models like ChatGPT. MIT's study finds 25% of top-quality data restricted. Smaller firms use synthetic data due to licensing costs. Deals with AP and News Corp are struck. Researchers worry about a consent crisis, as robots.txt compliance varies. Perplexity AI addresses this issue.
The patient displayed signs of Acute Encephalitis Syndrome (AES) such as sudden onset of fever, as well as clinical signs of neurological dysfunction. Among other common symptoms of the illness are altered mental status, confusion, disorientation, and seizures. In severe cases, patients may experience coma and paralysis. The diseases spreads through direct contact between animals and individuals.
So, all in all that gives us a lot of confidence and listening to the previous speaker on your on your channel the infrastructure spend that is happening in the economy and as India moves from India at 75 to India at 100, I think tourism, hospitality is very well positioned to benefit from that and we being the largest hospitality ecosystem of India are even better positioned to take advantage of that.
The Economic Survey 2023-24 was tabled in the Lok Sabha by Finance Minister Nirmala Sitharaman on Monday.
Anand Rathi raises Suzlon Energy's target price to Rs 58, forecasting increased demand in utilities and industrial sectors.
Economic Survey 2024: According to the survey, food inflation, as measured by the Consumer Food Price Index (CFPI), has surged from 3.8% in FY22 to 6.6% in FY23, and further to 7.5% in FY24. This rise in food prices can be attributed to several key factors affecting agricultural productivity and food supply chains.
India's 2023-24 economic survey suggests reconsidering the monetary policy framework to exclude food from inflation targeting, given its volatility due to supply rather than demand factors. The current policy targets consumer price index-based inflation with a 4% target and a tolerance band of 2 percentage points.
