Indian economy to expand by 7% up against earlier projection of 6.5%.
Please note that this is a conservative estimate.
What are the factors?
- Rising rural consumption
- Increasing Government capital expenditures
- Pick up in private capex
- Rising capacity utilisation
- Falling demand for MNREGA indicating rural employment
Indian economy grew at 7.7% in the first 6 months, making a case for higher than 7% growth overall in FY 24.
How can you benefit from this view?
1. Indian large-cap companies, though at an all-time high, are trading below average valuation making it a great investment option.
2. Banks will benefit from capex and corporate borrowers will borrow to increase capacity.
3. The FMCG sector may get a bump in volumes due to rural demand.
4. Rate cuts can be expected in the next few months, investing in long-duration G-Sec can give us safe double-digit returns.
How are you preparing for the upcoming big returns?
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