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NDTV
8 hours ago
- Business
- NDTV
India Set To Outpace G7 Economies In Growth: Report
New Delhi: Global capital can no longer overlook India's structural economic advantages, as the nation is poised to significantly outpace G7 economies in growth, according to a report released on Monday by wealth management firm Equirus. The report identifies strong macro fundamentals, policy-led capital expenditure, a resurgence in rural consumption, and structural manufacturing shifts as key long-term drivers of India's growth in an uncertain global environment. "India is no longer the world's fastest-growing economy just on paper -- it is structurally better positioned than most G7 nations. That's a seismic shift," said Mitesh Shah, CEO, Equirus Credence Family Office. "The global macro regime is shifting. US growth has been revised down sharply, and while India is projected to contribute over 15 per cent to global GDP growth (2025-2030), traditional 60/40 portfolios are breaking down. In this new regime, strategic asset allocation across geographies and growth cycles isn't optional -- it's the alpha generator," he added. India is benefiting from structural trends: rural FMCG demand outpacing urban (6 per cent vs 2.8 per cent), policy-led capex rising 17.4 per cent, and Rs 2.5 lakh crore liquidity infusion underway, the report states. India's contribution to global GDP growth is significantly outpacing Japan (less than 1 per cent) and Germany (just over 1.3 per cent), the report points out. The report highlights that rural consumption is driving the recovery in the Indian economy. FMCG demand in rural India grew 6 per cent, outstripping urban markets at 2.8 per cent. The monthly per capita expenditure gap between rural and urban households has narrowed from 84 per cent to 70 per cent over the last decade. The report challenges the viability of the long-standing 60/40 portfolio strategy, historically seen as the gold standard for diversified investing. In today's volatile and fragmented global regime, strategic asset allocation is no longer optional -- it is essential for capital preservation and alpha generation, the report states. The report urges investors to adopt a more dynamic and forward-looking asset allocation approach -- one that spans geographies, sectors, and growth cycles. With India emerging as a structural outperformer, the firm sees the country's multi-engine growth -- driven by rural consumption, capex, and supply chain shifts -- as a compelling opportunity for both capital preservation and long-term alpha generation. The report also highlights global factors reinforcing India's advantage. The Dollar Index (DXY) has declined approximately 6 per cent from its 2025 peak, and crude oil remains stable at $70/barrel, easing India's import bill pressure. It further states that while the 'China +1' narrative is evolving, concrete shifts are emerging. As multinational firms like Apple diversify away from China, shifting iPhone production to India benefits from cost efficiencies, lower attrition, and geopolitical alignment. The report also sees a government policy-led capex boom boosting India's growth. Central plus state capital expenditure is set to jump 17.4 per cent post-election, backed by a Rs 2.5 lakh crore liquidity infusion via phased CRR cuts, the report added.
News18
10 hours ago
- Business
- News18
'India To Outpace G7 Countries In GDP Growth By 2030': Report
Last Updated: Strong macro fundamentals, policy-led capex, resurgence in rural consumption, and structural manufacturing will be key long-term drivers of India's growth, says Equirus. Global capital can no longer overlook India's structural economic advantages, as the nation is poised to significantly outpace G7 economies in growth, wealth management firm Equirus said in its latest report. It added that strong macro fundamentals, policy-led capital expenditure, a resurgence in rural consumption, and structural manufacturing will act as key long-term drivers of India's growth and alpha generation. 'India is no longer the world's fastest-growing economy just on paper — it is structurally better positioned than most G7 nations. That's a seismic shift," said Mitesh Shah, CEO of Equirus Credence Family Office. He added that the global macro regime is shifting. US growth has been revised down sharply, and while India is projected to contribute over 15% to global GDP growth (2025-2030), traditional 60/40 portfolios are breaking down. 'In this new regime, strategic asset allocation across geographies and growth cycles isn't optional — it's the alpha generator," Shah said in the report titled 'India to Outpace G7 – Can Domestic Resilience Outpace Global Volatility? Decoding Wealth, Asset Allocation, and Market Strategy in 2025'. The G7 (Group of Seven) is an intergovernmental organisation of seven advanced nations — the United States, Canada, United Kingdom, France, Germany, Italy, and Japan. India is benefiting from structural trends: rural FMCG demand outpacing urban (6% vs 2.8%), policy-led capex rising 17.4%, and Rs 2.5 lakh crore liquidity infusion underway, according to the report. India has already surpassed Japan to become the world's fourth-largest economy by nominal GDP, NITI Aayog CEO BVR Subrahmanyam announced recently. According to the IMF, India's GDP is currently $4.187 trillion, overtaking Japan's $4.186 trillion. Citing IMF data, Subrahmanyam said India today is larger than Japan. Significantly outpacing Japan (less than 1%) and Germany (just over 1.3%). Bangladesh is even forecast to surpass Japan in contribution. Rural Consumption Drives Recovery: FMCG demand in rural India grew 6%, outstripping urban markets at 2.8%. The monthly per capita expenditure gap between rural and urban households has narrowed from 84% to 70% over the last decade. Reassessing the 60/40 Portfolio Paradigm: The report challenges the viability of the long-standing 60/40 portfolio strategy — historically seen as the gold standard for diversified investing. In 2022, the S&P 500 dropped 18.1%, while US bonds declined by 13%, marking the worst combined performance since 1937. Rising correlations between equities and bonds are undermining passive diversification models. In today's volatile and fragmented global regime, strategic asset allocation is no longer optional — it is essential for capital preservation and alpha generation. The report urges investors to adopt a more dynamic and forward-looking asset allocation approach — one that spans geographies, sectors, and growth cycles. With India emerging as a structural outperformer, the firm sees the country's multi-engine growth—driven by rural consumption, capex, and supply chain shifts — as a compelling opportunity for both capital preservation and long-term alpha generation. Global & Domestic Factors Reinforcing India's Advantage: Favorable Global Environment: The Dollar Index (DXY) has declined approximately 6% from its 2025 peak, and crude oil remains stable at $70/barrel, easing India's import bill pressure, Equirus said. Supply Chain Diversification: While the 'China+1 narrative is evolving, concrete shifts are emerging. As multinational firms like Apple diversify away from China, shifting iPhone production to India benefits from cost efficiencies, lower attrition, and geopolitical alignment. Policy-led Capex Boom: Centralplusstate capital expenditure is set to jump 17.4% postelection, backed by a Rs 2.5 lakh crore liquidity infusion via phased CRR cuts. The monthly per capita expenditure gap between rural and urban households has narrowed from 84% to 70% over the last decade. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : economic indian economy Location : New Delhi, India, India First Published: June 23, 2025, 11:26 IST News business » economy 'India To Outpace G7 Countries In GDP Growth By 2030': Report
Time of India
28-05-2025
- Automotive
- Time of India
Bajaj Auto Q4 Preview: Brokerages see modest revenue growth amid single-digit volume uptick; PAT estimates mixed
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Here's what top brokerages recommended: Motilal Oswal Axis Securities Tired of too many ads? Remove Ads Yes Securities Equirus Two-wheeler major Bajaj Auto will announce its earnings on Thursday where the company is expected to report a low single-digit revenue uptick of 2-3.5% in the quarter ended March 31, 2025, according to estimates given by four brokerages. The topline range is expected between Rs 11,705 crore and Rs 11,891 crore, the estimates the net profit is pegged in the range of Rs 1,915 crore to Rs 1,993 crore. Three brokerages expect a growth up to 3% while one expects a decline of 1.1%.The estimates have been given by Motilal Oswal Financial Services (MOFSL), Axis Securities, Yes Securities and Equirus conservative revenue estimates are given by Equirus while MOFSL has the most bullish estimates among the brokerages. While Axis Securities is estimating a PAT decline, Yes sees a marginal growth while Equirus has highest net profit figures among its volumes are expected to rise in low single digits and investors should watch out for margins, volume outlook and export Auto is expected to report a PAT of Rs 1,985 crore, marking a 2.5% YoY increase and a 6% QoQ decline. The company's sales may stand at Rs 11,891 crore, likely rising up 3.5% YoY but down 7% Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) is pegged at Rs 2,375 crore, reflecting a 3% YoY growth and an 8% QoQ dip. Meanwhile, the EBITDA margin may come around 20%, down 10 bps YoY and 20 bps total volume is expected at 11,03,000 units, a 3.2% likely rise YoY but a 10% drop QoQ.'Total volumes during the quarter grew 3% YoY, supported by 3% growth in 2Ws and 5% in 3Ws. However, the increase was entirely driven by exports, which rose 19% YoY, offsetting a 7% YoY decline in domestic demand. ASP is expected to grow 3% QoQ led by improved mix, favorable currency and price increases,' MOFSL said.'We expect the impact of lower volumes (-10% QoQ) to be offset by improved mix (higher exports + higher Pulsar sales) and favorable currency QoQ. As a result, we expect margins to largely remain stable QoQ at 20%.' the brokerage company's PAT is pegged around Rs 1,915 crore, reflecting a decline of 1.1% YoY and 9.2% QoQ. The revenue may stand at Rs 11,793 crore, likely up 3% YoY but down 8% EBITDA may rise by 2.2% YoY to Rs 2,357 crore, though it declined 9% QoQ. The EBITDA margin is likely to be reported at 20% for the quarter under review, down 10 bps YoY and 17 bps may come in at 11,02,934 units, a 3.2% increase YoY but a 10% drop QoQ.'We expect total revenues to increase by 3% YoY, led by a 3% YoY increase in overall volumes and a mild decline in ASPs due to an inferior product mix. EBITDA margin is expected to decline by 10bps/17bps YoY due to Inferior Product Mix (higher entry level 2W and EVs). (PAT may vary due to accrual of PLI benefit),' this brokerage company's net profit in Q4FY25 may come at 1,938 crore, showing a marginal increase of 0.1% YoY but an 8% decline QoQ. Revenue may stand at Rs 11,831 crore, up 3% YoY yet down 8% fell sharply to Rs 2,328 crore, representing a 41% drop YoY and a 48% decline QoQ.'Overall volumes grew 3.2% YoY/-9.9% QoQ at 1.1m units, while realizations are expected to be flat YoY/+2.6% QoQ at ~Rs107.3k/unit. This should result in revenue growth of 3% YoY/-7.6% QoQ at Rs 118.3b. We expect EBITDA margins to contract 40bp YoY/-50bp QoQ at 19.7% due to higher other expenses,' Yes said in its Q4 preview PAT is seen around Rs 1,993 crore, reflecting a 3% YoY growth and 5% QoQ decline. The net sales came in at Rs 11,705 crore, up 2% YoY but down 9% EBITDA stood at Rs 2,376 crore, marking a 3% increase YoY and an 8% decline QoQ. The EBITDA margin improved to 20.3%, rising by 22 basis points YoY and 15 basis points QoQ.'Overall volumes are -10% /+ 3% QoQ/YoY while ASPs are expected to improve 1.5% qoq due to price hikes and better mix but will decline 1.3% yoy due to adverse product mix. We expect EBITDA/Vehicle to change by + 0.7%/ - 1.7% qoq/yoy due to change in ASPs,' .Key things to look for are margins, volumes outlook and outlook on export.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
28-05-2025
- Automotive
- Economic Times
Bajaj Auto Q4 Preview: Brokerages see modest revenue growth amid single-digit volume uptick; PAT estimates mixed
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Here's what top brokerages recommended: Motilal Oswal Axis Securities Tired of too many ads? Remove Ads Yes Securities Equirus Two-wheeler major Bajaj Auto will announce its earnings on Thursday where the company is expected to report a low single-digit revenue uptick of 2-3.5% in the quarter ended March 31, 2025, according to estimates given by four brokerages. The topline range is expected between Rs 11,705 crore and Rs 11,891 crore, the estimates the net profit is pegged in the range of Rs 1,915 crore to Rs 1,993 crore. Three brokerages expect a growth up to 3% while one expects a decline of 1.1%.The estimates have been given by Motilal Oswal Financial Services (MOFSL), Axis Securities, Yes Securities and Equirus conservative revenue estimates are given by Equirus while MOFSL has the most bullish estimates among the brokerages. While Axis Securities is estimating a PAT decline, Yes sees a marginal growth while Equirus has highest net profit figures among its volumes are expected to rise in low single digits and investors should watch out for margins, volume outlook and export Auto is expected to report a PAT of Rs 1,985 crore, marking a 2.5% YoY increase and a 6% QoQ decline. The company's sales may stand at Rs 11,891 crore, likely rising up 3.5% YoY but down 7% Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) is pegged at Rs 2,375 crore, reflecting a 3% YoY growth and an 8% QoQ dip. Meanwhile, the EBITDA margin may come around 20%, down 10 bps YoY and 20 bps total volume is expected at 11,03,000 units, a 3.2% likely rise YoY but a 10% drop QoQ.'Total volumes during the quarter grew 3% YoY, supported by 3% growth in 2Ws and 5% in 3Ws. However, the increase was entirely driven by exports, which rose 19% YoY, offsetting a 7% YoY decline in domestic demand. ASP is expected to grow 3% QoQ led by improved mix, favorable currency and price increases,' MOFSL said.'We expect the impact of lower volumes (-10% QoQ) to be offset by improved mix (higher exports + higher Pulsar sales) and favorable currency QoQ. As a result, we expect margins to largely remain stable QoQ at 20%.' the brokerage company's PAT is pegged around Rs 1,915 crore, reflecting a decline of 1.1% YoY and 9.2% QoQ. The revenue may stand at Rs 11,793 crore, likely up 3% YoY but down 8% EBITDA may rise by 2.2% YoY to Rs 2,357 crore, though it declined 9% QoQ. The EBITDA margin is likely to be reported at 20% for the quarter under review, down 10 bps YoY and 17 bps may come in at 11,02,934 units, a 3.2% increase YoY but a 10% drop QoQ.'We expect total revenues to increase by 3% YoY, led by a 3% YoY increase in overall volumes and a mild decline in ASPs due to an inferior product mix. EBITDA margin is expected to decline by 10bps/17bps YoY due to Inferior Product Mix (higher entry level 2W and EVs). (PAT may vary due to accrual of PLI benefit),' this brokerage company's net profit in Q4FY25 may come at 1,938 crore, showing a marginal increase of 0.1% YoY but an 8% decline QoQ. Revenue may stand at Rs 11,831 crore, up 3% YoY yet down 8% fell sharply to Rs 2,328 crore, representing a 41% drop YoY and a 48% decline QoQ.'Overall volumes grew 3.2% YoY/-9.9% QoQ at 1.1m units, while realizations are expected to be flat YoY/+2.6% QoQ at ~Rs107.3k/unit. This should result in revenue growth of 3% YoY/-7.6% QoQ at Rs 118.3b. We expect EBITDA margins to contract 40bp YoY/-50bp QoQ at 19.7% due to higher other expenses,' Yes said in its Q4 preview PAT is seen around Rs 1,993 crore, reflecting a 3% YoY growth and 5% QoQ decline. The net sales came in at Rs 11,705 crore, up 2% YoY but down 9% EBITDA stood at Rs 2,376 crore, marking a 3% increase YoY and an 8% decline QoQ. The EBITDA margin improved to 20.3%, rising by 22 basis points YoY and 15 basis points QoQ.'Overall volumes are -10% /+ 3% QoQ/YoY while ASPs are expected to improve 1.5% qoq due to price hikes and better mix but will decline 1.3% yoy due to adverse product mix. We expect EBITDA/Vehicle to change by + 0.7%/ - 1.7% qoq/yoy due to change in ASPs,' .Key things to look for are margins, volumes outlook and outlook on export.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
20-05-2025
- Business
- Time of India
BHEL, Hyundai & more: Top stocks on brokers' radar for May 20
Equirus downgraded Protean eGovernance to sell from add, and cut its target price massively to Rs 900 from Rs 1,730 after the company disclosed that it is no longer in contention for the govt's PAN 2.0 project. Analysts said the govt had plans to overhaul PAN/TAN services under PAN 2.0 with a Rs 1,440 crore budget. Despite earlier confidence, Protean is now completely out of the running. They feel this is a material negative, as PAN services contribute ~50% of the company's revenue. They also said that the impact of the govt decision could be muted in FY26, and expect a 75-100% collapse in this revenue stream over the next 2-3 years. This segment has historically generated free cash that funded new initiatives, which is now under threat. Additional headwinds include an impending NPS pricing revision in FY27 and stagnant ONDC retail volumes. Jefferies has a hold on Divis Laboratories with the target price at Rs 6,200. Analysts said Jan-March quarterly numbers were in line with estimates. The company currently has several projects at different stages of development belonging to GLP1/2, GIP and small molecule, but does not target the generic Semaglutide opportunity. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Minas Gerais: óculos militar ganha popularidade entre 40+ Óculos Max Saiba Mais Undo The hold rating is also because of the near-term patent challenges and high valuation. Kotak Institutional Equities has a sell on BHEL with the target price at Rs 115. Analysts said the company missed its EBITDA estimates by 8%. And this was after adjusting for prior provisions that were reversed and supported by very strong industrial print that may not sustain. They feel the key disappointment was weak execution in the key power segment. CLSA has an outperform rating on Hyundai Motors India with the target price at Rs 2,155. Analysts said EBITDA margin came in at 14.1%, 200 basis points higher than the estimate led by higher-than-expected average selling price. This increase was driven by price hikes, a moderation in discounts, a rich product mix and government subsidies. Morgan Stanlet has downgraded HAL to equal weight with the target price at Rs 5,092. Analysts said margin and new order outlooks strong, but the market may be concerned about muted execution guidance. They feel risk-reward in the stock balanced, and hence it was downgraded to equal weight. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
