Financial service company JP Morgan has said about india that even if there is a war, there will be no effect on India's economy. JP Morgan said this about the trade war and called india a safe haven in the trade war. JP Morgan says that in the coming time, india will emerge as a safe haven and the economy will see tremendous growth.
JP Morgan says that India's GDP is expected to be the highest among the countries covered by it. JP Morgan has expressed a positive outlook on emerging markets in its latest report. He increased the rating of their emerging market equity from neutral to overrated, which means that he is seeing growth possibilities in emerging markets.
JP Morgan has said about india that the second round of trade war may start in the world, but in this situation India will emerge as a safe haven. In a tariff war, big countries increase the import duty on each other's goods, as happened recently between china and America and both of them increased the tariff on each other to 245 percent.
When big countries take such steps, it leads to instability in trade and investors start looking for a safe haven. JP Morgan believes that india can become a favorite place for such investors due to its strong fundamentals and stable policies.
JP Morgan has also said positive things about India's economic cycle. He says that India's economic cycle is moving towards a positive change, for which many factors are responsible. JP Morgan has described things like reduction in interest rates, increase in demand in rural areas and tax reduction as its important factors.
Loans become cheaper for people and companies due to low interest rates. In this way, investment and expenditure increase, which benefits the economy. The increase in demand in rural areas will have an impact on India's economy in such a way that a large population of india lives in rural areas, if the demand increases there then it is a big sign for increasing the country's economy. Talking about tax cuts, if the government reduces taxes then people and companies have more money to spend and invest, which gives economic boost to the country.
click and follow Indiaherald WhatsApp channel