Expressing optimism over India’s growth prospects, Chief Economic Advisor V Anantha Nageswaran has said that India's potential Gross Domestic Product (GDP) growth is in the range of 6.5-7 per cent and the country should be able to achieve it on the back of things that done already in the last 10 years, whether it is in terms of augmenting the physical infrastructure or achieving financial inclusion. The Economic Survey projected India's GDP to grow at 6.5-7 per cent in 2024-25, down from a high of 8.2 per cent in the preceding financial year.
Emphasising the investment areas, he said ‘We all know about the issue of intermittency. The investment shouldn't focus on setting up solar power plants or wind energy plants as we need to take into consideration the increasing cost of recycling solar panel waste and wind turbine waste. That is an area to invest in.’ He said the other areas to invest in is the area of grid capabilities and technologies which will be able to withstand the intermittency of supplies from these renewable energy sources.
With 45 years remaining for India to meet its commitment to achieving net-zero carbon emissions by 2070, he said about the complex challenge of balancing robust economic growth with the urgent need for environmental sustainability. He also shared the current strategies and steps and urged for a collaborative approach.
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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