THD - INDA: Why India Stock Market Will Keep Booming (But Not India ETF)
Against the backdrop of slowest economic growth since 2008, the Indian government unveiled a sizable stimulus package in its $40 billion budget, which raises spending on farms and infrastructure as well as slashes personal taxes. Skepticism abounds on whether the measures are sufficient given the overwhelming number of stress points as pointed out by Economic Times:
- GDP growth: 5% (Lowest in 11 years)
- Pvt consumption: 5.8% (Lowest in 7 years)
- Investments: 1% (Slowest in 17 years)
- Manufacturing: 2% (Lowest in 15 years)
- Agriculture: 2.8% (Lowest in 4 years)
Furthermore, inflation creeping above 7% also