In the next three years, India’s economy is predicted to grow to become the third largest in the world, so non-resident Indians (NRIs) should make prudent investments to benefit from this growth, according to an expert. “At $5 trillion, India emerges as a distinct asset class and is no longer avoidable. The nation offers investment opportunities across asset classes. According to Anshu Kapoor, president and chief of Nuvama Asset Management (formerly Edelweiss Wealth Management), it has solid growth foundations, who spoke with the Times.
Historically, the NRI community has been underrepresented in India. India now makes up nearly 20% of the MSCI EM index, up from roughly 6-7% ten years ago. According to Kapoor, this could serve as a roadmap for NRIs looking to increase their investments in Indian markets.
FM maintained the focus on fiscal consolidation by reducing the FY25 fiscal deficit target from 5.1% in the interim budget to 4.9%. The Union Budget 2024–25, in addition to fiscal consolidation, was framed by the need to maintain the push for capital expenditures (capex) given the continued weakness of broader private capex and the need for increased spending at the lower end of the income spectrum in light of the recent results of the poll.
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