According to Goldman Sachs, inflows into India’s equity funds have reached a two-year high. They recorded an inflow of $3.2 billion in February. The national funds’ inflow was strong, reaching a new high of $2.3 billion. Foreign inflows also grew in India, reaching $2.2 billion in the week ending March 15. However, despite the increased inflows, India’s Nifty 50 index saw a slight fall.
China, on the other hand, exceeded expectations with its strong retail and industrial numbers for January and February. Retail sales increased by 5.5%, while industrial production grew by 7%. Overall, it seems that economic growth is strong in both India and China.
Vocabulary Insights:
- Inflow (Noun): The amount of money that enters a company or a country from investors or trade.
- Retail (Noun): The process of selling goods or services to customers in small quantities for their own use.
- Equity (Noun): The value of shares issued by a company.
- Exceeded (Verb): To go beyond the limit or expected amount.
- Industrial (Adjective): If something is “industrial,” it is related to or characterized by industry.
Vocabulary List:
- Inflow (noun): The amount of money that enters a company or a country from investors or trade.
- Equity (noun): The value of shares issued by a company.
- Exceeded (verb): To go beyond the limit or expected amount.
- Retail (noun): The process of selling goods or services to customers in small quantities for their own use.
- Industrial (adjective): Related to or characterized by industry.
- Inflows (noun):
