After the Reserve Bank of India sharply slashed its growth projection to 6.6 per cent for the current fiscal from 7.2 per cent earlier, Finance Minister Nirmala Sitharaman has said that the Gross Domestic Product (GDP) slowdown in September quarter (Q2) was not ‘systemic’ and the economic activity in third quarter (Q3), with better public expenditure, is likely to compensate for the moderation. India recorded a 7-quarter low GDP growth of 5.4 per cent in July-September FY25. In the first quarter, the growth was 6.7 per cent. She added so, growth number is something which is not necessarily going to get badly affected. She also said ‘We need to push up on many other factors’, and added India would continue to be the fastest-growing economy next year and thereafter.
Growth momentum was low in the first quarter due to general election and reduction in capital expenditure. This has had a bearing on the second quarter as well. In the first half, the government spent only 37.3 per cent of its capital expenditure target of Rs 11.11 lakh crore for FY25. Sitharaman said other factors affecting growth include plateauing global demand that affected export growth. She also said ‘Purchasing power of Indians is improving, but within India, you also have concerns of wages saturating. We are quite seized of these factors which might have a play on India's own consumption’. The finance ministry, in its Economic Survey for FY24, had estimated a GDP growth of 6.5-7 per cent for the current fiscal year.
She further said ‘We have a Prime Minister who looks at opportunities in each of the challenges. During Covid-19, the challenge was seen as an opportunity for bringing in reforms. Five mini budgets were presented at that time, each of them giving relief, support and handholding on one hand and on the other making sure that small and overlooked pending reforms were taken’. She added being the voice of the Global South for some time now, India will carry forward its role that everyone saw during India's G20 Presidency. Every time Prime Minister Narendra Modi takes up an issue of global importance, he does consult the Global South and takes their concerns forward.
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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