In the first week of January, Kotak Securities said it believed the Nifty index was overvalued by 20% and expected a time correction in the next 6 to 9 months. This comes obviously on the back of a strong 2023 for Indian stock markets
Some 19 per cent of global fund managers remain bullish on India, according to a latest Bank of America Asia Fund Manager Survey (FMS) which saw 249 panelists with $656 billion worth of assets under management (AUM)
DK Joshi, chief economist, CRISIL said that food inflation was the only problem. “If you look at fuel, it is negative right now. And if you look at core inflation, it’s also coming down,” he said, adding that food inflation cannot be ignored.
India's consumer price index (CPI)-based retail inflation in November hit 5.55 per cent, according to the data released by the National Statistical Office on Tuesday. In October, the retail inflation was recorded at 4.87 per cent
India is the second largest producer of vegetables. Despite high production levels, growth has decelerated in recent years and falls short of demand, according to government estimates, says rating agency Crisil.
Indian wheat prices surged to an eight-month high on Tuesday, thanks to strong demand in the festival season, limited supplies and as a 40% import duty makes imports from overseas unviable for domestic flour mill