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Global Financial Markets Await US Fed’s Monetary Policy Review: Implications for Indian Markets As financial markets globally brace for the US Federal Reserve's monetary policy review on September 17-18, 2024, investors are keenly watching the potential interest rate cuts and their wider implications. The impact of these outcomes is not limited to the US but extends to emerging markets like India, where investor sentiment and financial strategies could be significantly influenced by the Fed’s decisions. US Monetary Policy in Focus Federal Reserve Chair Jerome Powell recently hinted at a possible interest rate cut, stating that the time has come to adjust monetary policy. However, Powell stopped short of specifying the quantum of the cut, leaving markets speculating about whether the rate reduction will be shallow or deep.  The Federal Open Market Committee (FOMC) meeting is anticipated to mark the beginning of a monetary policy shift, as inflation in the US continues to moderate....

IMF Raises India's Growth Projections for 2024; Country Remains Fastest Among Developing Nations IMF's Latest Outlook on India's Growth The International Monetary Fund (IMF) has revised upwards its growth projections for India in 2024, from 6.5 percent to 6.8 percent, reaffirming the country's status as the fastest-growing economy among emerging markets and developing economies.  Factors Driving India's Growth India's robust economic growth projections are attributed to the strength in domestic demand and a rising working-age population, according to the IMF's World Economic Outlook report. The country's demographic dividend, with a significant portion of new workforce entrants expected to come from India and sub-Saharan Africa, is poised to support global workforce growth in the medium term. Economic Performance of Emerging Markets The IMF's report highlights the consistent outperformance of economic growth in emerging markets, including India, comp...