The Indian stock market has recently performed very well. Even in the case of the Asia -Pacific market generally adjusted on June 27, the Indian Sensex30 Index still climbed 0.72%to close at 79,243.18 points, achieving historical records for three consecutive days.This year, the index increased by 10%, and from 2016 to 2023, it has maintained a growth trend for eight consecutive years.Data update shows that until June 25, overseas funds have been bought in the Indian stock market for twelve consecutive trading days, with a total investment of 3.7 billion US dollars.Kanpur Stock
However, Moody’s internationally renowned credit evaluation agency Moody’s warning issued a warning, and the problem of severe water resources in India may pose a threat to its sovereign credit evaluation.If the water resource crisis has obstructed agricultural and industrial activities, Indian society may even be turbulent.New Delhi Investment
Recently, the Indian stock market has shown a strong growth momentumKanpur Wealth Management. Among them, the Sensex30 Index continued to write new highs on June 27. Important stocks such as Ultraatech CEMENT, Tata Consultation, and Indias Technology have risen significantly.Although Indian Prime Minister Modi won the third term in early June, his leadership’s governing alliance lost most of the seats in the parliament for the first time, causing concerns about policy coherence and leading to large -scale capital outflows.Stability, coupled with the active inflow of domestic funds, the stock market emotions quickly recovered.From June 7th to 25th, with the decrease in policy uncertainty and the recovery of overseas investors’ confidence, a total of $ 3.7 billion was injected into the Indian stock market.
Rajeev de Mello, the chief investor of GAMA Asset Management Company, believes that the policy signals released by the new government will help eliminate the concerns of the outside world’s weakening of policy coherence.Mehta Equities’s Prashanth Tapse pointed out that the market is optimistic about the upcoming annual budget and has promoted a significant rise in the stock market.
In addition, the Indian bond market has also ushered in good news. From June 28, Indian government bonds will be included in JP Morgan Chase’s emerging market government bond index (GBI-EM), indicating that more international capital may pour into Indian bonds intocity.Morgan Stanley analyzed that the change has attracted the attention of the index trackingNew Delhi Wealth Management. They have been deployed in advance. At present, about 3.6%of the asset allocation is allocated on Indian sovereign debt.It is expected that in the next ten months, India’s weight in the index will increase from 1%to 10%, attracting about $ 20 billion to US $ 25 billion in global capital inflows, and doubled foreign capital holdings to more than 4.4%.
However, the water crisis in India cannot be ignored.Moody’s warning that the shortage of water resources may have a serious impact on agriculture and industry, which will affect the impact of food prices and related enterprises and workers, especially on farmers.In addition, industries that rely on water such as coal generators and steel manufacturers will be severely hit.Ahmedabad Investment
India, as the world’s largest milk and spice producer, as well as the second largest rice, wheat, vegetables, fruits and cotton producers, the shortage of water resources has a profound impact on its economy.Moody’s proposal to increase investment in water resources infrastructure and renewable energy to improve the efficiency of water resources and alleviate these risks.
Udabur Investment