CNBC's Inside India newsletter: How will India spend its billions?
Publishing timestamp: 2024-07-18 12:16:54
Summary
India's upcoming budget will offer clues about the government's policy direction after a slim election win for Prime Minister Modi. Analysts have differing views on potential deficit changes and stimulus measures. Companies in the consumer staples sector could benefit from potential tax cuts. Indian stocks have hit record highs, and there are expectations for growth in various sectors. IMF forecasts bumpy GDP ride for India, while Singapore plans to invest billions in the country. Indian-born CEO of Zscaler shares his success story. All eyes are on the Indian budget announcement on July 23.
Sentiment: MIXED
Tickers: INR=, .DXY, LTIM-IN, ULVR-GB, ZS, INFY-IN, HINDUNILVR-IN, UL, .NSEI,
Keywords: india, zscaler inc, business news, world economy, unilever plc, ltimindtree ltd, columbia india consumer etf, hindustan unilever ltd, economic events, us dollar/indian rupee fx spot rate, dxy us dollar currency index, government and politics, infosys ltd, cnx nifty index,
Source: https://www.cnbc.com/2024/07/18/cnbcs-inside-india-newsletter-how-will-india-spend-its-billions.html