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Showing posts from June, 2025

India's Infrastructure & Industrial Sector: Near-Term Challenges, Long-Term Promise

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  India's Infrastructure & Industrial Sector: Near-Term Challenges, Long-Term Promise India's industrial and infrastructure sectors are facing a pivotal phase of transition—characterized by stunning long-term prospects, but faced with significant short-term challenges. With the construction sector anticipated to expand at 11.2% in 2024, to INR 25.31 trillion, and with a strong 9.6% CAGR forecast between 2024–2028, the prospects are good. With government expenditure and investments and increasing private sector involvement supporting them, these sectors are transitioning through digitalization, sustainability, and policy-led momentum. The Foundation: Capex and Sector Growth The USD 202–231 billion infrastructure market of India in 2024 is projected to reach USD 353 billion by the year 2030 at a 9.57% CAGR. The combination of fast urbanization, increasing incomes, and economic formalization continues to propel demand for housing, transportation, energy, and telecom infrastruc...

Silver: 2025 Outlook and Beyond

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  Silver: 2025 Outlook and Beyond Silver has entered 2025 with a promising setup, driven by a strong mix of industrial demand, tightening supply dynamics, and favorable macroeconomic trends. After a relatively slow start compared to gold, silver’s performance is now expected to accelerate in the second half of 2025, fueled by an improving industrial outlook, particularly in green technologies such as solar energy and electric vehicles. Current spot prices hover around $29–30 per ounce, reflecting an 11% rise year-to-date. Furthermore, the gold-to-silver ratio has expanded to above 100 — historically considered very high — suggesting silver remains significantly undervalued relative to gold. The supply-demand balance is firmly tilted in favour of higher silver prices. According to the Silver Institute, the global silver market will record a substantial deficit of 149 million ounces in 2025. While total silver supply is forecasted to rise by a modest 3%, this increase is insufficie...

US Treasury Yields: A Decade of Shifts and the Road Ahead in 2025

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US Treasury Yields: A Decade of Shifts and the Road Ahead in 2025 Over the last decade, U.S. Treasury yields have reflected the complex interaction between monetary policy, inflation expectations, geopolitical tensions, and investor sentiment. Through post-crisis troughs to inflation-fueled spikes, the yield curve has responded to shifting economic fundamentals and policy changes. In 2025, bond yields continue to be high, with the 10-year Treasury yield around 4.7%, reflecting investors' concerns regarding entrenched inflation, geopolitical tensions, and fiscal uncertainty. During the mid-2010s, yields were held back by global economic uncertainty and the Federal Reserve's dovish policy. Following the 2008 financial crisis and the Eurozone debt crisis, global growth was sluggish. Nations such as China showed signs of slowing down, while commodity prices collapsed. Even though the Fed discontinued its third round of quantitative easing in 2014, it increased interest rates only o...

Why Quality Investing Deserves a Place in Every Portfolio

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Why Quality Investing Deserves a Place in Every Portfolio In an increasingly unpredictable global economy, quality is not just a preference—it’s a necessity. Whether in products we buy or services we use, quality is synonymous with trust, consistency, and long-term value. The same logic applies to investing. A focus on quality stocks —companies with strong fundamentals and the ability to navigate economic cycles—has emerged as a resilient strategy that balances growth with risk management. Quality investing refers to the selection of companies that exhibit robust financial health, including high return on equity (ROE), low debt, consistent earnings, and strong free cash flows. These companies typically enjoy a sustainable competitive advantage (or moat), prudent capital allocation, and responsible corporate governance. They tend to operate in industries with high barriers to entry and command customer loyalty, allowing them to weather economic storms and deliver long-term shareholder...