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Employee salaries in private corporate sector have risen to 13.5% of GDP in FY23 from 9.2% in FY12, reflecting a strong formalization of the economyđź“Š
5 interesting data points you should know!
🔸In Rural India, Jobs are largely in agriculture and construction industry
🔸In Urban India, manufacturing, services, and discretionary consumption dominate
Housing Finance Sector🏡
Under Pradhan Mantri Awas Yojana (PMAY), 4.21 Cr houses built in 10 years; Govt plans to build 3 Cr additional householdsđź’ą
This might boost the demand for Affordable housing sector!⬆️
The benchmark Sensex and Nifty indices are likely to open gap down as trends in the GIFT Nifty indicate a negative start for the broader index.
🔸Asian markets were trading lower.
🔸US stocks extended their slump on Friday.
🔸The Dow Jones Industrial Average fell 377.49 points, or 0.93%, to 40,287.53, the S&P 500 lost 39.59 points, or 0.71%, to 5,505 and the Nasdaq Composite dropped 144.28 points, or 0.81%, to 17,726.94.
