Industrial activity continued to perform well as evident by the IIP, manufacturing data.Incremental CRR decisions will not have a major impact on the banks in the long term. India’s consumption has an ample share of GDP.The composition of private consumption is usually food, clothing, housing, transport, and services like communication, education, transport, health and recreation. Indian government a major boost for infrastructure spending.India's population growth and economic development require improved transport infrastructure, including investments in roads, railways, and aviation, shipping and inland waterways. Hence, Consumption and Infra will be a big theme for GDP growth.The IPO market has picked up momentum in 2023. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own.

Source: Economic Times August 18, 2023 09:31 UTC