RISING GEOPOLITICAL TENSIONS: IMPLICATIONS FOR THE INDIAN ECONOMY
- Credit Rating Agency in India
- Economy Overview
- RISING GEOPOLITICAL TENSIONS: IMPLICATIONS FOR THE INDIAN ECONOMY
A sell-off on 30 September 2024 amid escalating geo-political crisis in West Asia, following Israel’s attack on Lebanon, and China’s rebound of the stock market characterise the present day scenario. China’s stock market has gained, revived by an aggressive economic stimulus package. The wide scope of the measures sparked a strong market rebound. In the near term, it is expected that the rally may provide opportunities in sectors like tech and consumer goods. However, though the stimulus is a step in the right direction, broader, deeper economic changes will be needed to keep the momentum going.