Indian Economy share price target

On expected lines, the RBI left policy rates unchanged at the second monetary policy meet for FY24.

The government has hiked the minimum support prices (MSP) of the key kharif crops for 2023-24 season (July-June) by 6-10.4%, the highest increase since 2018-19. The MSP for paddy, the key kharif crop, is fixed at Rs2,183/quintal, up 7% on year.

The Reserve Bank of India is expected to pause for a second straight month as inflation eases and market watchers are looking for cues of a shift in policy stance to support growth in the economy.

The Insurance Regulatory and Development Authority of India (Irdai) has directed all life and non-life insurance companies to initiate steps for quick registration and disposal of claims of victims of the triple train accident in Odisha’s Balasore district.

In the upcoming monetary policy on 8th June'23, the RBI is expected to maintain a pause on interest rates in and keep repo rate unchanged at 6.5%

India added around 60 global capacity centers (GCCs) in Q4FY23, with their total count reaching over 1,580 and the market size nearing US$46bn, up from US$36bn in FY21.

Real GDP accelerated to 6.1% YoY growth in Q4FY23, taking growth for FY23 to 7.2% (in line with our estimate, but above the RBI’s 7% and IMF’s 6.8% estimates). The rebound in Q4 was spurred by a turnaround in net exports, as exports of goods and services grew 11.9% YoY while imports decelerated to 4.9% YoY growth.