India will become the third-largest economy globally by 2030, with a forecasted nominal GDP rise from $3.5 trillion in 2022 to $7.3 trillion in 2030. Currently, India holds the fifth position, with the United States, China, Germany, and Japan ahead. S&P Global emphasizes the importance of India becoming a global manufacturing hub and highlights the need for a robust logistics framework, upskilling of workers, and increased female workforce participation. The agency also expects growth in India’s high-growth startup ecosystem, especially in financial and consumer technology, and foresees expansion in the automotive sector.
India will become the third-largest economy globally by 2030, with a forecasted nominal GDP rise from $3.5 trillion in 2022 to $7.3 trillion in 2030. Currently, India holds the fifth position, with the United States, China, Germany, and Japan ahead. S&P Global emphasizes the importance of India becoming a global manufacturing hub and highlights the need for a robust logistics framework, upskilling of workers, and increased female workforce participation. The agency also expects growth in India’s high-growth startup ecosystem, especially in financial and consumer technology, and foresees expansion in the automotive sector.
BY Civil Services Exam (UPSC)
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That growth environment will include rising inflation and interest rates. Those upward shifts naturally accompany healthy growth periods as the demand for resources, products and services rise. Importantly, the Federal Reserve has laid out the rationale for not interfering with that natural growth transition.It's not exactly a fad, but there is a widespread willingness to pay up for a growth story. Classic fundamental analysis takes a back seat. Even negative earnings are ignored. In fact, positive earnings seem to be a limiting measure, producing the question, "Is that all you've got?" The preference is a vision of untold riches when the exciting story plays out as expected.
Telegram hopes to raise $1bn with a convertible bond private placement
The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.
