US based Hedge Fund on the IMF India`s GDF forecast By Suman Bannerjee, Hedonova
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/c5c30f79b63af1332f0dc6eb6a8434e1.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below The Quote On a US based Hedge Fund on the IMF India’s GDF forecast By Suman Bannerjee, CIO, Hedonova,
India's GDP will rise due to strong tech and service sector growth, increased foreign investment, favorable demographic dividends, governmental policy reforms facilitating business, and a predicted recovery in consumer spending post-Covid-19, contributing to a healthier overall economic outlook. The forecast of 6.1% is pessimistic, I expect it to be 6.3%. A weak rupee has fostered more exports which has reduced the current account deficit and increased remittance income from $55.6 billion to $62.3 billion. Oil prices have been lower due to purchases from Russia and Iran over Norway, USA and Saudi Arabia and overall lower oil prices have kept the balance of payment account in check.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c5541407585e9dfdc52f905c92d59e61.jpg)
Monthly Debt Market Update, September 2023: CareEdge Ratings
![Quote on RBI decision to discontinue the incremental cash reserve ratio (CRR) By Dr. Manoranjan Sharma, Infomerics Ratings](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/3fb5395769079c26d9056714d034c581.jpg)
![Governance mechanism, customer-centricity can help in fintech ecosystem sustainable growth: Ajay Chaudhary](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/07e25a74a16d5c092d179215565d0295.jpg)
![3 Centres of Excellence set up by TIDCO finding good traction: Tamil Nadu Minister](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/e6ff15c8d3a72074f69cb881ab6584e7.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/09/6dac83da7a934d7b5675921aaed81685.jpg)
RBI Monetary Policy : Flying Above The Storm Says Siddarth Bhamre, Religare Broking Ltd.
![The Q1 GDP data at 13.5%, a double-digit growth may optically look high Says Mr. Nish Bhatt, Millwood Kane International](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/09/33c9fd1c31768ea0aefef0e106c049ad.jpg)
![The Reserve Bank of India`s credit policy is in line with expectations Says Palka Arora Chopra, mastertrust](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/02/2d1bbde58f4b24c00fcad6a3a3f57199.jpg)
![CAD likely to moderate in H2FY23 due to moderation in imports: Shaktikanta Das](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/02/cf9d69abc79d342f79333307ad840009.jpg)