After the Reserve Bank in its latest monetary policy cut growth forecast to 6.6 per cent from 7.2 per cent, Fitch Ratings has revised India’s Gross Domestic Product (GDP) forecast for 2024-25 to 6.4 per cent from its previous estimate of 7.0 per cent. Fitch also forecasts India’s GDP to expand by 6.5 per cent in 2025-26, slowing from the 8.2 per cent pace in 2023-24. However, it asserted India’s economic growth remains strong relative to that of global peers.
It said ‘The Indian economy recovered strongly from the Covid-19 pandemic shock. Although indicators point to a more mixed picture in recent months, we do not think that the softness will translate into a prolonged slump in economic activity.’ It expects domestic demand to continue driving economic growth amid a potential trade war between the US and China and a global trade slowdown.
Fitch expects policy continuity in areas that have been key growth drivers, such as the infrastructure drive, digitalisation and ease of doing business measures, even as the government follows through on fiscal consolidation. Public infrastructure capex will remain supportive of the economy and the assets that are directly deployed or related to the sector. The improved health of bank and corporate balance sheets in recent years should also pave the way for a positive investment cycle and faster capital spending.
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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