Fri, Jul 5, 2024 3:23 PM
Upcoming IPO: Positron Energy gets NSE nod for SME IPO launch
A Flip by Shubhangi Gupta
The upcoming Union Budget may increase the agricultural loan target by 25% to Rs 25 lakh crore for 2024-25, based on the Potential Linked Credit Plan assessment. This is up from Rs 20 lakh crore in FY24, which was surpassed at Rs 24.84 lakh crore. The target is determined by identifying agricultural activities and credit potential at the block level, with a focus on balancing regional development.
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About a third of 19 Asia-based strategists and fund managers expect Chinese and Indian equities to outperform in the second half of the year, driven by anticipated Federal Reserve interest-rate cuts, low valuations, and post-election optimism. EM stocks in Asia are already outperforming, with the MSCI EM Asia Index beating the broader MSCI Asia gauge by the most since 2009 in the last quarter.
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India's economy would need to grow at a rapid 7% rate to create 8-9 million jobs per year, still short of the 12 million needed to absorb new labor market entrants, according to Citigroup Inc. The country faces significant employment challenges, including low-quality jobs, with 46% of the workforce still in agriculture and only 21% having salaried jobs.
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