Expressing optimism over India’s growth prospects, FICCI’s newly appointed President Harsha V Agarwal has said that ‘Green shoots’ are visible on the consumption front as food inflation has started receding. He said food inflation is expected to come down to its normal level in the next two quarters, and added that he is hopeful for a revival in consumption growth, aided by a good crop and increased spending by the government on the big-ticket infra projects and rural schemes in the December quarter. He noted government spending in the right areas, like increase in capex and ramping up infrastructure, rather than focusing on revenue expenditure, is helping the overall economy.
He said ‘We are seeing some green shoots where we believe food inflation is coming down... it has to come back to normal. It might take maybe one quarter or so. But we are seeing situations where it is improving, and hence we are hopeful that consumption should increase’. Government spending in the September quarter was low due to the general elections in the June quarter. However, it increased in the third quarter and is expected to continue in the fourth quarter as well. He added ‘Going forward, we see that increasing in Q3 and substantially in Q4. So cumulatively, with all these things, we are hopeful that the consumption should improve going from here’. The government is focused a lot on the rural economy, which has done well in the second quarter.
Over the cement sector, which faced a decline in price in the last two quarters YoY, Agarwal said ‘Their prices might be declining, but still, all the cement companies are making a good profit.’ He further added it ‘may be because in the industry now, consolidation is happening. Some of the larger players are fighting for market share, etc.’ He said government programs, such as the Production Linked Incentive (PLI) scheme, have made a big difference in some key strategic sectors such as electronics, manufacturing of mobile phones, active pharmaceutical ingredients, etc.
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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