Friday, 08 Dec, 2023
India continues to be the fastest-growing major economy, with all sectors contributing significantly, finance minister Nirmala Sitharaman said Thursday. She flagged India’s manufacturing growth, citing India’s mobile phone and passenger vehicle exports.
India Inc is tapping the low-cost private placement route to raise funds like never before.Fund mobilization through corporate bonds that are privately placed has hit a record ₹8.97 lakh crore in 2023, with three weeks left in the year.
As the world grapples with turmoil — conflicts, surging interest rates, record debt and stubborn inflation — India, fuelled by its consumption, demographics, tech innovation and digitization, needs to keep its eye on the target of becoming a $5-trillion economy.
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