As per IMF's April forecasts, among world's largest advanced economies (except for UK), growth in 2023 and 2024 could be sluggish. China and India lead developing economies while rest of BRICS lag.
Tesla is sending a team of execs to India this week to smooth-talk officials from Narendra Modi’s government, which has previously objected to Tesla selling its made-in-China cars on the sub-continent. Tesla would like to move at least some of its supply chain to India as a way of lessening its dependence on China.
Since 2014, retail shareholding has increased by 9% in top large-cap stocks (directly and indirectly via institutions like mutual funds, insurance, NPS, PF etc.)
The sellers have been promoters and foreigners (about 4.5% each)
This show’s the strength and consistency of flows to domestic institutions and increase in broking accounts and Demat accounts
India is putting its money where its mouth is - building capacity to kick start future growth in transportation and logistics !
Surging Indian copper demand would be one of the enormous surprises this decade. Total mine supply has not kept pace with demand, having increased by 1.7% year-over-year, according to WBMS data. The biggest surprise in mine supply has come from the unexpected drop in Chilean production, which fell unexpectedly by almost 300 tones this year, equating to 6%.
Will this lead to surge in copper prices just like 2005 and 2006?
The above material is neither investment research, nor investment advice.
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