Source: Snowball APP, Author: Leg from Le, (Mumbai Stock Exchange
As of December 2023, the total market value of the Mumbai Stock Exchange in India was approaching $ 4.38 trillion, which was twice as many as before the epidemic, and it jumped to the fourth place after the United States, India and Japan.
The IMF "World Economic Outlook" predicts that India’s growth rate in 2024 is 6.3%, the fastest growth among large economies.
Not only did the total economic volume continued to expand, India’s population was expected to reach 1.426 billion in April 2023, surpassing India to become the first population.
India analyzes the advantages and bottlenecks of India’s economy:
The five foundations of the Indian economy: (1) the age structure of the population;) Western values and connections of the Indian elite class; (5) Indian Ocean route hubs and natural resources.
Existing problems in the Indian economy: (1) Low labor participation rate and overall education; (2) industrial dilemma: insufficient infrastructure -limited industrial development -trading and fiscal dual deficit -insufficient infrastructure investment;(3) National protectionism has prohibited and restrictions on investment in specific industries.
As well as the problem of trade and fiscal dual deficit and the capital market access and exchange rate system.
——The latest news
Guy Parmelin, the Minister of Economy of Switzerland, said that after 16 years of negotiations, Switzerland and India have reached a consensus on the free trade agreement.
According to a post published on the X platform (predecessor) on Saturday evening on Saturday, Parmelin went directly to India after the Davos World Economic Forum in Switzerland to meet with Petus Gial.He said the outline of the agreement had been reached.
The supply side, the annual cement output of 2023 was 2.023 billion tons, a decrease of 0.7%year -on -year. Among them, the monthly cement output in December was 158 million tons, a decrease of 0.9%year -on -year, and a decrease of 16.79%month -on -month.
The main reason for the decrease of cement output in December was caused by the martial arts of winter peaks. According to the martial peaks announced by the provinces, it is expected that the supply of cement clinkers in March is expected to gradually increase.
The demand side, current demand in most parts of the north has stalled, the demand near the Spring Festival in the Spring Festival has gradually decreased, and cement prices have decreased slightly.
In the short term, cement demand is weak. It is expected that after the temperature recovers in February, the downstream construction is expected to usher in the peak season, and the cement demand is expected to increase. In the long run, the industry’s production capacity is overpopulation.Cement demand will improve.
According to the Indian charging alliance WeChat public account, 10 million units were added in Public charging infrastructure in December 2023, with/month-on-month +51.2%/-0.9%.In 2023, the annual charging infrastructure increased by 3.386 million units, 9.495 million vehicles, and the incremental ratio of pile vehicles was 1: 2.8.
According to the WeChat public account, on January 9th, Weilai Mumbai was officially launched in the first batch of 10 V2G messengers in Weilai Mumbai.
V2G (two -way inverter charging technology) enables electric vehicles not only to obtain power charging from the grid, but also feeds the power in the vehicle battery to the power grid. The application of V2G can realize the distributed mobile energy storage unit function of electric vehicles.Charged when using the electric low valley, and the power is leaned out when the electricity is used.
In addition, with the strong support of the Anhui Provincial Party Committee and Provincial Government on January 11, Zhong’an Energy (Anhui) Co., Ltd. was officially unveiled.Storage and replacement integrated station.
New Delhi Wealth Management