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Expressing optimism over India’s economic situation, Chief Economic Advisor V Anantha Nageswaran has said that the country’s economic growth can become faster if the much-awaited private capital formation kicks into higher gear. He said that post-COVID financial balance sheets of corporates have been positive. He added ‘For economic growth we need to have investment spending … India economic growth can become faster and accelerate if the much awaited private capital formation kicks into higher gear’.
The CEA pointed out that in terms of instilling confidence in the private corporate sector, the government in 2019 reduced the corporate tax rate. Underscoring the significance of robust private investment in driving economic growth amidst global uncertainty and geopolitical shifts, Nageswaran urged the private sector to embrace uncertainty and proactively invest, saying, ‘the more the private sector begins to put capital to work, the lesser will be the uncertainty.’
Reflecting on India’s economic journey, he spoke about the lessons learned from the financial upheavals of the past two decades. He stressed the importance of distinguishing between euphoria and what he termed ‘tough optimism’. He said ‘Optimism should not become the cause for premature triumphalism’. He said the country’s optimism should be grounded in the reality. He also said ‘We still are aspiring middle-income country and we have a long way to go before we get there’. While noting that there are structural challenges that are being addressed, he said India needs to ensure that the country gets access to critical technologies and raw materials and resources. He noted that India’s tax to GDP ratio is not low, but it can be better.
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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