In the upcoming 2024 Lok Sabha election few smart investors are likely to bet on the stock in favour of the winning party. We already saw the trailer of the election results last week with BJP winning the elections in three states.
This merger resulted in a decrease in NPAs from 3.5% (Indian Bank) and 6% (Allahabad Bank) to 4.6%, and an increase in CAR from 14.5% (Indian Bank) and 10.9% (Allahabad Bank) to 13%.
Budget allocation for railways surges by 16% to Rs 2.9 trillion, with a 22% increase specifically dedicated to building new lines. This budget allocation is a remarkable nine times greater than the amount allotted in the 2013-2014 fiscal year.
Railway Stocks
India’s defence exports have witnessed a remarkable increase in recent years, rising by over 23 times from Rs 686 crore in 2013-2014 to an all-time high of around Rs 16,000 crore in 2022-23.
Defence Sectors
As urbanization continues to accelerate in India, several sectors are poised for significant growth due to rising consumer spending.
Consumer Expenditure
While in 2016, there were only 442 startups in the country, now the number has increased to 99,371 (by May 14, 2023), according to ministry data. More than 100 unicorns are also operating in India.
Start-Up Culture
The cost of logistics India’s GDP is 13% of GDP, compared to 8% in developed economies, making Indian exports difficult to compete globally.
National Logistics Strategy
The Government’s notified ‘National Policy on Biofuels’ in 2018 envisaged an indicative target of 20% ethanol blending in petrol by 2030.
Increasing Ethanol Production
This research serves educational and informational purposes only. It is not to be considered as a portfolio management service, basket recommendation, or investment advisory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.