Chief Economic Advisor Anantha Nageswaran stated that various initiatives from the government and growing investment will lead to the creation of more job opportunities in the coming decade. He highlighted the decline in capital formation and credit growth in the last decade but expressed hope for a turnaround. He mentioned the decline in employment in agriculture and the addition of jobs in manufacturing, services, and construction sectors. Nageswaran also discussed government initiatives for job creation and the need for improvement in regulatory and tax policies.
Investors are starting to consider the impact of the 2024 U.S. presidential election on markets. The proposals and policies of Joe Biden and Donald Trump are expected to sway asset prices. The divided Congress adds to the uncertainty. Other market drivers include artificial intelligence and Federal Reserve’s monetary policy. The S&P 500 index is performing well. Historical trends suggest that S&P 500 performance ahead of the primary may indicate the election outcome. The market is also monitoring economic data to gauge the Federal Reserve’s actions.
