Driven by strong GDP growth and positive investor sentiment, India is poised to remain among the world's fastest growing economies until 2030, global brokerage Goldman Sachs has said.
The country’s earnings have started to stablise over the past few years, with “mid-teen profit growth momentum that might sustain until 2030,” Goldman Sachs said in a note, , as the country continues to remain resilient amid global uncertainties.
According to the global brokerage, Nifty’s total earnings growth and market cap have both achieved an 18 per cent compound annual growth rate (CAGR) over the past five years.
“As this evolves, the profit pool is likely to shift towards investment cyclicals, which includes autos, real estate, chemicals along with industrials, which could see the largest rise in profit share. Consumer cyclicals could see the highest absolute growth,” according to Goldman Sachs.
Meanwhile, the Indian economy is projected to grow faster at 7.1 per cent this fiscal (FY25), Moody’s Analytics has said.
In its new Asia Pacific outlook, the global credit ratings kept the country’s growth forecast unchanged at 6.5 per cent for 2025 while projecting faster growth of 6.6 per cent in 2026.
S&P Global Ratings has also retained India's growth forecast at 6.8 per cent for the fiscal 2024-25. The global ratings said that In India, GDP growth moderated in the June quarter as high interest rates temper urban demand, in line with our projection of 6.8 for GDP for the full fiscal year 2024-2025. The rating agency also retained India's growth forecast for FY 2025-26 at 6.9 per cent.
According to the report, the Reserve Bank of India (RBI) considers food inflation a hurdle for rate cuts.
"Our outlook remains unchanged: we expect the RBI to begin cutting rates in October at the earliest and have pencilled in two rate cuts this fiscal year (year ending March 2025)," said the report.
Flight operation between Agartala-Delhi to be increased; resumption of flight operation between Agartala-Aizawl, Agartala-Shillong, says MP Biplab Kumar Deb
The former Chief Minister and presently the MP for West Tripura constituency Biplab Kumar Deb on Friday chaired the airport advisory committee meeting here at Agartala MBB Airport and said that there is a plan to increase direct flight operation from Delhi to Agartala.
Tripura: Bill proposes hike in salaries of CM, Ministers and MLAs upto 50pc
An Amendment Bill has been moved in the Tripura Assembly on Friday proposing the increase of salaries, allowances of Ministers, MLAs and former legislators by 45 to 50 per cent.
Winter assembly session begins in Tripura; Governor Indrasena Reddy Nallu lauds Govt’s effort in maintaining law and order in Tripura
In his speech in the sixth session of the 13th Tripura Legislative Assembly, the Governor said, “The state of Tripura is witnessing development in almost every sector including infrastructure, health care, education, agriculture and others under the guidance of the Centre and state leadership.”
TSF stages protest, demands to raise Roman script for Kokborok language in Assembly
The Twipra Student Federation (TSF), a wing of the North East Students Organisation (NESO), on Friday staged a protest near Circuit House in Agartala, demanding the issue of adopting the Roman script for the Kokborok language be raised in the winter session of the Tripura Legislative Assembly, which started today.
Govt to appoint over 400 Assistant Professors in colleges: CM
In a move to provide quality education to students studying in various colleges and to solve the crisis of Professors across the state, the Tripura government has taken a series of steps, including the appointment of 200 Assistant Professors,
Drug peddling: ED raids cop's residence, premises of suspected smugglers in Tripura
The Enforcement Directorate (ED) sleuths on Friday conducted raids in Tripura and searched the residence of a police official and premises of several people allegedly involved in drug peddling and money laundering cases, sources said.
Crucial winter session of Tripura Assembly to begin from tomorrow
The crucial winter session of the Tripura assembly would begin on Friday and a bill would be moved in the House amending the existing law to provide retirement benefits to all MLAs who have served even for just a day, officials said on Thursday.
Ex-CM accuses BJP of divisive politics to mask hide core issues
Former Tripura Chief Minister Manik Sarkar on Saturday criticized the ruling BJP, accusing it of fostering divisions among Hindus, Muslims, Tribals, and Non-Tribals to divert attention from pressing issues such as rising prices, unemployment, and economic hardships.