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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102251) | |
23431. 100% Return: Sensex soars from 25,600 to 50,000 in just 10 months
- On March 24, 2020 Sensex touched a decadal low of 25,638.9 points after the announcement of the nationwide lockdown to tackle Covid. Interestingly, it took the index just 10 months to reach the landmark 50,000 mark.
- As the Indian equity indices logged new highs with the BSE Sensex hitting the 50,000 mark for the first time ever, the road to this landmark has been bumpy at times in the past one year, as it had plunged to around 25,000 points in March 2020.
- India received FIIs of around $22.5 billion or Rs 1.7 lakh crore in equities in 2020. Net FII inflow so far this month stands at Rs 20,098.53 crore. The Net inflow of foreign portfolio investment (FPI) so far in the current financial year stood at over Rs 2.38 lakh crore, according to NSDL data. This is the highest FPI inflow ever in a fiscal.
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23432. FPIs net investors at ₹18,456 crore in Jan so far
- According to depositories data, overseas investors pumped in ₹24,469 crore into equities but pulled out ₹6,013 crore from the bonds market between January 1-22
- Foreign portfolio investors (FPI) remained net buyers to the tune of ₹18,456 crore so far in January as global liquidity led to continued investment in emerging markets.
- The total net investment during the period under review stood at ₹18,456 crore. "The inflow into the Indian markets continue as global liquidity leads to more investments in emerging markets like India," said Harsh Jain, co-founder and COO at Groww.
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23433. 2020 में भारत में एफडीआई 13 प्रतिशत बढ़ा : संयुक्त राष्ट्र
- संयुक्त राष्ट्र ने कहा है कि डिजिटल क्षेत्र में दिलचस्पी के चलते भारत में 2020 में प्रत्यक्ष विदेशी निवेश (एफडीआई) 13 प्रतिशत बढ़ा, हालांकि इस दौरान ब्रिटेन, अमेरिका और रूस जैसी प्रमुख अर्थव्यवस्थाओं में पूंजी का प्रवाह बहुत तेजी से घटा।
- संयुक्त राष्ट्र ने कहा है कि कोविड-19 महामारी के बीच भारत और चीन ने विदेशी पूंजी को आकर्षित किया।
- रिपोर्ट के मुताबिक दुनिया में सबसे अधिक एफडीआई चीन में आया और यहां पूंजी प्रवाह चार प्रतिशत बढ़कर 163 अरब डॉलर हो गया।
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23434. IMF projects 11.5% growth rate for India in 2021, only country with double digit growth
- The IMF projected an impressive 11.5 per cent growth rate for India in 2021, making the country the only major economy of the world to register a double-digit growth this year amidst the coronavirus pandemic.
- The International Monetary Fund's projections indicate a strong recovery for the Indian economy after it is estimated to have contracted by 8% in 2020.
- In fact, we are seeing a very strong decline in cases, which is again a bit different from other parts of the world. So, these factors, including what we’re seeing in terms of high frequency indicators, point to have somewhat faster pace of recovery. But again, there is still some distance to go, Gopinath said.
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23435. India registers 13 per cent rise in FDI during 2020, says UNCTAD
- The IMF projected an impressive 11.5 per cent growth rate for India in 2021, making the country the only major economy of the world to register a double-digit growth this year amidst the coronavirus pandemic.
- The International Monetary Fund's projections indicate a strong recovery for the Indian economy after it is estimated to have contracted by 8% in 2020.
- Global FDI collapsed in 2020, falling 42 per cent from $1.5 trillion in 2019 to an estimated $859 billion, according to the UNCTAD Investment Trends Monitor.
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23436. Indian startups attract $10.14 bn in funding in 2020: Report
- Weathering negative sentiment, seed stage investment deals grew by 50% from $353 million over 420 deals in 2019 to $372 million over 672 deals in 2020, the report said
- Indian startups are estimated to have received $10.14 billion in funding across more than 1,200 deals in 2020 despite the COVID crisis, a report by consulting firm HexGn said. Even though the total investment received in 2020 is lower than that of 2019 ($14.5 billion), the number of deals were higher by 20%, the report said.
- This is the third year in a row that India has kept its number four position globally after the US, China and the UK
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23437. Economic Survey 2021: India’s Nominal GDP To Grow 15.4% In 2021-22
- India’s GDP contracted by nearly a quarter in the April to June period owing to a nation-wide lockdown. GDP improved but remained in the negative in the second quarter, officially taking India into recession.
- Unemployment rate rose to 9.1% in December, according to data released by the Centre for Monitoring Indian Economy
- , highest in the last six months despite an increase in overall economic activity
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23438. India pegs 11% GDP growth in fiscal 2022 helped by vaccine drive
- The forecast for next year is in line with the International Monetary Fund’s estimate for 11.5% expansion, which will once again make India the fastest-growing major economy in the world ahead of China’s 8.1% pace.
- India’s government sees the economy expanding 11% in the year starting April, helped by vaccine drives to tame the coronavirus outbreak and aided by low interest rates that will spur business activity.
- The rebound will follow an estimated 7.7% contraction in gross domestic product in the year ending March, according to the Economic Survey -- an annual report card on the economy -- tabled in Parliament by Finance Minister Nirmala Sitharaman.
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23439. Mutual fund investment in REITs jumps 6-fold to ₹3,972 crore in 2020
- Fund managers infused ₹3,972 crore in real estate investment trusts (REITs) in 2020 as compared with ₹670 crore in 2019, data with the Securities and Exchange Board of India (Sebi) showed
- Emerging investment instrument REIT seems to have finally gaining popularity among investors
- , with mutual funds investing a staggering ₹3,972 crore in such units in 2020, a six-fold jump from the preceding year.
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23440. Sitharaman seeks to bring down fiscal deficit to 4.5% of GDP by FY26
- Fund Deficit target of 6.8% for FY22 signals expansionary fiscal stance to support nascent recovery
- Finance minister Nirmala Sitharaman has proposed a glide path for fiscal consolidation to bring down fiscal deficit to 4.5% of GDP by FY26, signaling a counter-cyclical fiscal policy to boost medium term economic growth.
- For Budget FY22, she has pegged fiscal deficit at 6.8% of GDP, down from 9.5% of GDP in FY21. Finance minister has also proposed to introduce amendments to the FRBM Act to make necessary change in the fiscal consolidation roadmap.
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