Organisation for Economic Co-operation and Development (OECD) its new economic outlook has projected that India’s Gross Domestic Product (GDP) growth to be steady at just under 7% per year over 2024-2026, led by fixed investment, notably in manufacturing, amid rapid increases in public infrastructure spending. It also said GDP is expected to grow by 6.8% in fiscal year (FY) 2024-25. Strong investment is the main driver of this robust performance, with accelerating public infrastructure outlays. Vigorous credit growth is supporting private investment. Farm output is recovering as an above-normal monsoon is lifting rural incomes, and will soon ease food prices and inflation. Export growth is projected to pick up slightly, but could be weaker, given ongoing global tensions.
Annual private consumption growth also is projected to remain strong at around 6%, so long as inflation eases. However, external demand will provide less support in the future, as past gains in both export performance and the terms of trade diminish. Inflation is expected to drop back to the 4% official target by 2026. The current account will remain in a small and easily financeable deficit.
The main macroeconomic risks come from abroad, notably a weaker economic environment and higher commodity import prices, associated with a worsening global geopolitical environment or greater protectionism. Competitiveness losses from comparatively less favourable tariff treatment in export markets could also prove more harmful. Domestically, financial risks associated with small retail investor exuberance and booming derivatives trading have increased. On the other hand, India’s strong position in technology services or greater utilisation of potential female labour resources could underpin even faster growth than projected.
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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