BANGALORE, April 4, 2014 /PRNewswire/ --
Foreign Fund Inflows Fuel Indian Equity Market Growth Story
The benchmark indexes of the Indian equity market surged to new highs on sustained foreign fund inflows over the past few weeks. Among the BRIC nations, India's equity market grew by 6% this year, compared to the downtrend in the emerging markets index. Despite economic hurdles such as rising inflation, growing current account deficit, and a weakening rupee, India is clearly on its growth path, which is echoed by the positive market sentiment. Foreign investors have pumped in massive amount of funds of about Rs. 80,000 crore, due to which investor wealth soared by over Rs. 10.27 lakh crore to Rs. 74.15 lakh crore during 2013-2014. Access this coverage of India's growth story at:
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Together with Turkey, Brazil, Indonesia, and South Africa, India has been termed the "fragile five," since these nations are too dependent on foreign capital. Given this over dependence on foreign capital, economists are skeptical about the country sustaining this bullish market trend, especially in the light of the forthcoming elections and the formation of a new government in the new few months.
However, despite the economic slowdown, the Government of India has taken some serious measures to turn around the economy. Recent economic data indicate that India is indeed heading in the right direction after inflation, measured by the wholesale price index, dropped to 4.6% from 5.05%. The rupee has stabilized, gaining almost 3% against the US dollar this year. What's more, India's current account deficit is gradually reducing, bringing cheer to the investor community. Read our coverage of the Indian economy by visiting the following link:
http://wallstanalyst.com/sense-x/market-mantra
Global Brands Scout for Indian Partners in Booming E-commerce Space
The Indian fashion e-commerce space is set to witness the entry of popular global fashion brands this year. India's booming e-commerce sales, estimated to touch $8.5 billion by 2016, promises huge growth potential due to the flourishing middle class with rising disposable income. Global brands are hence making a beeline for India and are scouting for partners to enter the e-commerce industry to launch their online and brick-and-mortar stores.
Indian fashion e-tailers have so far been selling international brands by importing their merchandise, making these products very expensive for the mass market. However, by launching their online stores in India, consumers can now avail these products at cheaper prices since foreign labels intend to source these products locally. According to a recent report by venture capital firm Accel Partners, the fashion and accessories segment alone could balloon into a $2.8-billion online market in the next three years, a sharp uptick from the current level of $550 million.
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