India has emerged as the fastest growing economy in the world and it is expected to be one of the top three economies in the world in the next 10-15 years, states a report. India’s gross domestic product (GDP) was estimated to be ₹145.65 lakh crore (USD 2.06 trillion) for 2019-20. The country’s GDP is expected to reach USD 5 trillion by FY 2025. The government is taking measures to boost the contribution made by the manufacturing sector with an aim to take it to 25 per cent of the GDP from the current 17 per cent. In October 2020, the International Monetary Fund (IMF) projected a GDP contraction of 10.3 per cent in FY21 for India.
Global growth is projected to be a contraction of 4.4 per cent in the same period. The IMF’s outlook for India is worse than the central bank’s prediction of a 9.5 per cent contraction in FY21. IMF said that India is expected to rebound in 2021 with 8.8 per cent growth. The impact of the corona virus has hit almost every major country, but its adverse effects in India could be high given the inherent complexities. To deal with economic turmoil caused by pandemic, the Government of India announced a stimulus package worth ₹20 lakh crore, which is around 10 per cent of the GDP.
Role of the PSEs
The Indian public sector enterprises (PSEs) were created with the purpose of achieving a socioeconomic balance. Their objectives include maintaining stability in prices and creating benchmark standards for prices of essential items while serving various parameters of economic growth and reducing dependency on other countries for goods and services. PSEs have supported the growth of the Indian economy. PSEs are net contributors to the Indian economy. Contributing around 13 per cent to India’s GDP in terms of turnover and contributing over ₹3.68 lakh crore to the Indian exchequer through taxes and dividends, PSEs have played a significant role in the development of the country’s demographics across all regions. They have shown great strength and sustained the Indian economy during the challenging times of global recession. They have contributed to a high extent to develop the social fabric of the country. PSEs have moved beyond Indian boundaries and are exporting their products globally. They have proved themselves internationally. Out of 57 Indian companies featuring in Forbes 2000 – World’s Biggest Public Companies for the year 2019, 10 are PSEs and out of six Indian companies featuring in the Global Fortune 500 list for the year 2020, three are PSEs.
Adopting the LPG Model
Continue reading your story on the app
Continue reading your story in the magazine
The Art Of Asset Allocation
Mutual Fund Distributor
George Joseph CEO and CIO, ITI Mutual Fund
In this exclusive interview, George Joseph, CEO and CIO, ITI Mutual Fund, expresses his opinion about the status of the MF sector in the new scenario post the pandemic and how his fund house is strategizing future investments
LUX INDUSTRIES IN A ‘COMFORTABLE' POSITION
Some of the strengths of Lux Industries include rich sectoral experience, extensive distribution network, substantial cost leadership, proprietary manufacturing ability, vast product variety and sharp focus on the mid-price segment
Turnaround Companies Of 2020
The year 2020 was anything but dull for equity investors. Many made money in 2020 and on an average the risk-taking appetite was on the rise in 2020. The stock prices were no doubt volatile and several stocks more than doubled in 2020. The year clearly belonged to the defensives and penny stocks and to a great extent 2020 was also a year for turnaround stocks. Shreya Chaware highlights the turnaround stories that helped create wealth for investors in 2020 while also sharing key elements to watch out for in identifying turnaround stocks
Welcome 2021 With A Revisited Portfolio
Hemant Rustagi Chief Executive Officer, Wiseinvest Pvt Ltd.
Replace Fixed Deposits With Mutual Fund Schemes
The worst hit by the lower interest rates are investors who had relied on bank fixed deposits to earn interest. The option for such investors is to shift to debt mutual funds. The article explains why
Markets End 2020 On A Cheery Note
With positive news announcements about the vaccines and successful clinical trials, the healthcare industry remained in the limelight, gaining 2.10 per cent during the fortnight
ALKEM LABORATORIES ON A ‘PRESCRIBED' JOURNEY OF SUCCESS
Alkem Laboratories Limited is a pharmaceutical company engaged in the development, manufacture, and sale of pharmaceutical and nutraceutical products.
Jayesh Dadia Chartered Accountant
2021 Value Stocks
Market participants are focusing on 2021 and there is a huge level of enthusiasm and high expectation on the part of investors as far as the forthcoming year goes after an unbelievable 2020. It was not easy to pick pharmaceutical and IT as probable winners at the start of 2020 and similarly it will not be easy to pick the set of stocks that may dominate in 2021. Geyatee Deshpande puts forth a case for value stocks to do well in 2021 while Yogesh Supekar highlights how to identify value stocks
Region To Region
Region To Region
YOGA & PEACE
DEEPAK CHOPRA speaks with DAAJI about the role Yoga has to play in bringing about world peace. This is an excerpt from their conversation broadcast on International Day of Peace, September 21, 2020. That documentary is available at https://heartfulness.org/en/international-day-of-peace/.
Create the habit of meditation
CHIRAG KULKARNI, Co-Founder and CMO of Medly Pharmacies in the USA, speaks with RISHIKA SHARMA about creating a regular meditation practice, so as to make it a habit. He also shares how meditation has benefited both his personal and professional life.
SHIA'S PRIVATE TEMPLE OF DOOM!
Indiana Jones gig derailed by abuse scandal
"Food Raconteur” Ashok Nageshwaran wants to tell you a story.
THE MAKING OF A MODEL MINORITY
Indian Americans rarely stop to ask why our entrance into American society has been so rapid—or to consider what we have in common with other nonwhite Americans.
In 2017, DR. VANDANA SHIVA spoke with KIM HUGHES about the sacredness of the Earth, the work she has been doing to bring awareness and change in the field of sustainable agriculture, and the importance of understanding our interconnectedness with Nature, and how we can change the way we eat.
DIAMONDS - A Luxury Gem Steeped in Fact & Fable
The diamond is one fabled gemstone! For example, google “Hope Diamond” to see all the legends associated with just this one stone said to bring misfortune to its owners.
Brown Sugaa and Medusa
Brown Sugaa and Medusa