india gdp

This PMS is betting on India reaching 16% of world’s GDP by 2047

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This PMS is betting on India reaching 16% of world’s GDP by 2047

With this fund, Khemani, a Portfolio Management Service (PMS) manager, aims to capitalize on India’s economic trajectory, betting on sectors expected to undergo substantial growth, including manufacturing, banking, infrastructure, and consumption, as the country targets a $29 trillion GDP by 2047, accounting for an estimated 16% of global GDP. This strategy also reflects Khemani’s confidence … Read more

Stock market outlook: Expect no deep and prolonged correction; Nifty may see low-teen upside by March 2025: UBS

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Stock market outlook: Expect no deep and prolonged correction; Nifty may see low-teen upside by March 2025: UBS

Indian equities are likely to trade with a downward bias ahead of general elections results, but analysts do not expect a prolonged correction with the market expected to offer buy-on-dip opportunities.  Premal Kamdar, Analyst at UBS Securities said he remains cautious on small- and midcap (SMID) companies due to rich valuations and downside earnings risk … Read more