Finance Minister Nirmala Sitharaman has stressed that India Inc’s commercial considerations should blend with the economy, nation’s priorities and strategic needs. Asking the industry to “realign and reset” itself based on the lessons learnt in the last decade, Sitharaman said the supply chains should be widespread lest geopolitical risks disrupt it. Outlining the priorities of the economy for the next decade, she said the industry should work with small and medium enterprises to explore how they can support large units, while equally contributing to job creation.
She said ‘When we talk about restoring supply chains to frictionless supply chains, let’s not forget it’s not just economics, it’s more than that… We have to build in our own decision making not just in economic sense but also in a political and strategic sense. Supply chains will have to be restored but you would have to reset it, realign it, you will have to make sure that it is spread so much that no geopolitical or strategic risks will threaten our wellbeing’.
Learning from the last decade are that the country will have to now realign, and industry will have to realign itself not just on economic principles. Sitharaman said the attempt of both industry and governments everywhere should be to restore global calm and normalcy. There can nowhere be enough justifiable reason for skirmishes or war. She added ‘The global priority for this decade should be to restore normalcy. They are the main cause for disruptions in supply chain, inflation and other global challenges’.
Stating that the benefits of economic success will be spread properly only through technology. India’s Digital Public Infrastructure (DPI), ONDC (Open Network for Digital Commerce) and technology stack for agriculture have democratised access. She also said ‘Farmers are now able to access the global markets due to the advantage of technology. I’m sure that ‘Agri Stack’ will be the next big thing you will hear coming out of India’. She added ‘The world is facing challenges which are reflected in the economy’. She said industry will have to look at ways to adapt with newer challenges, and added that scale cannot be the only criteria.
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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