The Golden Jubilee volume of the SBICAPS EcoCapsule gives an overview of the latest economic and sector updates from across the globe. Tariffs are the new abnormal, and while their near-term effects are just creeping up, their long term-impact is becoming clearer. Perhaps, the most lasting impact will be the decline of the USD, which can already be seen in a flight towards alternate hard assets. Along with a financial rebalancing, the asset terrain is also being disrupted by a surge of investments into AI. Whether these bets will bear fruit – only time will tell. Closer home, faced with global headwinds, the Government has doubled down on domestic drivers. Increased spending to drive GFCF, tax sops to boost consumption, and RBI’s bonanza for banks are just a few of the measures taken. Even in equity markets, as FPIs evacuate, the humble domestic investor is coming to the rescue. The essence seems to be strengthen domestic moorings in times of global turbulence
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