![The Ballot Bullet](https://cdn.magzter.com/Business Today/1685002342/articles/925EFrx4t1685013884113/THE-BALLOT-BULLET.jpg)
WHILE STOCKS seem to have shrugged off, correctly, the setback for the BJP in the recent Karnataka polls, it brought again to the fore the question of whether elections could still emerge as a potential risk for markets in 2024. This is significant because it is a raft of global factors that top the list of worries for most investors and market participants in India. Rising US interest rates, bank collapses, geopolitics and recession are among other issues that could act as speed breakers to the India growth story. As far as the domestic picture goes, investors seem pretty relaxed—decent growth, recovering capex, stable macro and steady earnings growth with only minor irritants, like El Niño or some slowdown linked to global causes, clouding an otherwise sunny outlook. But what of elections next year? Should one take the outcome for granted or could there be a surprise?
It is no secret that the stock market’s preference, by far, is the current government at the centre. This is hardly a surprise, the stock market being the ultimate capitalist institution, and capitalist institutions worldwide lean rightward. So much so that the mere whiff of Left-leaning economic policies, of which the Congress party and many of its allies are assumed to be proponents, gets market participants all flustered. The fact that a majority of stockbrokers and market intermediaries hail from Gujarat or Rajasthan—traditional Right-wing bastions—may also be a contributing factor. Thus, politically speaking, it has been a comfortable decade for the Indian stock market, the odd policy hiccup such as demonetisation notwithstanding.
Bu hikaye Business Today India dergisinin June 11, 2023 sayısından alınmıştır.
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Bu hikaye Business Today India dergisinin June 11, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
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DE-RISKING THE BOOKS
INDIAN BANKS ARE BEGINNING TO TAKE BABY STEPS TOWARDS ADDRESSING CLIMATE-RELATED FINANCIAL RISKS IN THEIR BOOKS. BUT THEY MUST PUT THEIR FOOT ON THE PEDAL AND ENHANCE PREPAREDNESS
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PAYING FOR CHANGE
WITH EXTREME WEATHER INCREASINGLY PUTTING THE COUNTRY AND ITS ECONOMY AT RISK, INDIA SHOULD EXPLORE CLIMATE FINANCE PATHWAYS TO FUND ITS NET-ZERO JOURNEY TOWARDS A GREENER FUTURE
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BEYOND THE BLIP
ESG HAS BEEN UNDER SCRUTINY GLOBALLY AMID ALLEGATIONS OF GREENWASHING AND RECORD REDEMPTIONS FROM ESG FUNDS. BUT THAT MAY JUST BE ONE SIDE OF THE STORY, SINCE SUSTAINABLE PRACTICES HAVE BECOME CORE COMPONENTS OF COMPANIES' STRATEGIES
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BANDHAN AT A CROSSROADS
THE BELEAGUERED LENDER, LED BY CHANDRA SHEKHAR GHOSH, HAS FACED A HOST OF CHALLENGES IN RECENT TIMES. IT HAS READIED A BLUEPRINT TO DEAL WITH THEM. BUT WILL IT SUCCEED WITHOUT GHOSH AT THE HELM?
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RESULT AND REPERCUSSIONS
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D-STREET ANGELS
FACED WITH A DEARTH OF PURE-PLAY THEMES IN THE SECONDARY MARKETS, SEASONED INVESTORS LIKE VIJAY KEDIA, MUKUL MAHAVIR AGRAWAL, AND THE JHUNJHUNWALAS HAVE TRAINED THEIR SIGHTS ON THE START-UP
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A Man of Multitudes
IN A NEW BOOK, CAPTAINS OF INDIA INC. AND OTHERS PAY TRIBUTE TO RAHUL BAJAJ, THE TITAN OF INDIAN INDUSTRY
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HOUSE OF THE RISING SUN
WITH THE GOVERNMENT OFFERING SUBSIDIES UNDER THE PM SURYA GHAR MUFT BIJLI YOJANA, MANY HOUSEHOLDS HAVE TAKEN A SHINE TO SOLAR ROOFTOP PANELS. BUT HOW MUCH DO THEY COST?
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FROM GREY TO GREEN
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ECO CHAMBER
DATA CENTRES ARE A VERY VITAL PART OF THE DIGITAL TRANSFORMATION THAT IS UNDERWAY, BUT THERE'S A PROBLEM: THEY CONSUME TOO MUCH ENERGY. AS DEMAND FOR SUCH CENTRES INCREASES IN INDIA, IT HAS NO OPTION BUT TO EMBRACE GREEN SOLUTIONS