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Data released by the National Securities Depository (NSDL) showed the increase in FPI investment in the hybrid category was primarily driven by $842 million worth of overseas investment in February. FPI investment was at $3 million in January, and it stood at $30 million in March so far, the data showed.
"The steps to keep inflation under check could provide enough headroom for the RBI to cut interest rates, which will help long-term bonds in 2024, "said Pankaj Pathak, head of fixed income at Quantum Mutual Fund.
Sectors like construction have several related industries which too have gained momentum. These include steel, cement, mining, electricity generation and consumer durables, , india, economy, indian economy, assocham
Construction and infrastructure-related sectors have received a push, with the government capex spending rising so far in FY24. Meanwhile, The centres capex spending was up nearly 55% compared with last year between April- October, whereas states have spent 40% more from last year. Indias GDP expanded 7.6% in the second quarter due to double-digit growth in manufacturing and investment.
The India-Middle East-Europe Economic Corridor (IMEC) is expected to facilitate the development and export of clean energy, strengthen food security and streamline supply chains , , India-Middle East-Europe Economic Corridor, imec, development, clean energy, strengthen food security, supply chains, india, middle east, europe, economic corridor