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[hfe_template id='11223'] [ad_1] The latest conflict between India and Pakistan may impact New Delhi's efforts to pitch itself as a safe haven for foreign investors amid global economic turmoil - but not much, investors and analysts said on Wednesday, as tensions ratcheted up between the nuclear-armed neighbours. India's $4 trillion economy has limited direct trade with Pakistan, and even its overnight cross-border missile strikes had little immediate impact on local equity, currency and bond markets, on the view that full-fledged conflict is unlikely. "If there is a cessation of hostilities like there should be, pragmatically and practically, the investment climate may not actually be harmed," said Ajay Marwaha, head of fixed income at Mumbai-headquartered investment house Nuvama Group. Previous conflicts have not had a lasting impact on Indian assets, Citibank analysts wrote in a note on Wednesday. In the last such flare-up with Pakistan, in Februa...

[hfe_template id='11223'] [ad_1] Mumbai: India will need ₹1,094 lakh crore to ensure an average annual growth rate of 8-9% by 2036 as per the government's Viksit Bharat plan, State Bank of India chairman CS Setty said. Out of this amount, ₹323 lakh crore has to come from banks while the equity market will have to generate ₹643 lakh crore, Setty said, adding that investors will have to move away from the derivatives markets to spot transactions for more depth and liquidity. "For the first leg of Viksit Bharat that is up to 2036, we envisage a growth rate of at least 8% to 9% on an average. These rates can be achieved if we can increase the investment rate to 35% by 2036 (which is) approximately 200 basis points (2 percentage points) higher than the current levels of 2024. Thus, the domestic savings rates must rise from the present levels by at least 350 basis points to 33.5% so that CAD (current account deficit) stays at around 1.5% of GDP," Setty said in hi...