Expressing view over economic growth, World Bank chief economist Indermit Gill has said that middle-income countries like India need to make policies based on reliable data to get into the league of high-income nations in next 3-4 decades as achieving sustainable growth will become harder. He said to grow into higher-income countries, MCIs (Middle Income Countries) will have to reduce deficits in their mid-sized firms.
Gill pointed out that relatively few countries (31) have grown into high-income countries between 1990 and 2021. Prime Minister Narendra Modi has set an ambitious target of making India a developed nation by 2047. According to the World Bank, the world's middle-income countries (MICs) are a diverse group by size, population, and income level.
They are defined as lower middle-income economies -- those with a GNI (Gross National Income) per capita between $1,036 and $4,045; and upper middle-income economies -- those with a GNI per capita between $4,046 and $12,535. Middle-income countries are home to 75 per cent of the world's population and 62 per cent of the world's poor. At the same time, MICs represent about one-third of global GDP and are major engines of global growth. Countries with annual per capita income of over $12,000 are defined as high-income economies.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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