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The $777 million surprise: Donald Trump is getting richer
The following year, Trump valued them at $US4.1 million each — more than 65 times greater. Trump has continued to value stabilised apartments in the building at market rates, including in his 2021 statement of financial condition. Rent-stabilised units “with a positive cash flow are often valued at 15-25 cents a dollar of the open market value, versus single digits for negative cash flow,” said Jonathan Miller, president of appraiser Miller Samuel. Still, Trump’s optimism was shown to be at least partially justified. By 2021, only five of the 12 apartments remained rent stabilised. The prosecution also claims two additional non-stabilised apartments in the building were overvalued because Trump ignored an option his daughter, Ivanka Trump, had to buy them at a price lower than the market value he used.
40 Wall Street Trump’s valuation (2021): $US664 million, Bloomberg valuation (2023): $US270 million, New York’s valuation: No current estimate available In valuing his flagship lower Manhattan office tower, Trump consistently ignored more conservative appraisals he’d received from professionals, New York State argues.
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The $777 million surprise: Donald Trump is getting richer
Rent-stabilised units “with a positive cash flow are often valued at 15-25 cents a dollar of the open market value, versus single digits for negative cash flow,” said Jonathan Miller, president of appraiser Miller Samuel. Still, Trump’s optimism was shown to be at least partially justified. By 2021, only five of the 12 apartments remained rent stabilised. The prosecution also claims two additional non-stabilised apartments in the building were overvalued because Trump ignored an option his daughter, Ivanka Trump, had to buy them at a price lower than the market value he used.
40 Wall Street Trump’s valuation (2021): $US664 million, Bloomberg valuation (2023): $US270 million, New York’s valuation: No current estimate available In valuing his flagship lower Manhattan office tower, Trump consistently ignored more conservative appraisals he’d received from professionals, New York State argues. Trump has been accused of significantly over-valuing his flagship downtown New York property.
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35202
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The $777 million surprise: Donald Trump is getting richer
Still, Trump’s optimism was shown to be at least partially justified. By 2021, only five of the 12 apartments remained rent stabilised. The prosecution also claims two additional non-stabilised apartments in the building were overvalued because Trump ignored an option his daughter, Ivanka Trump, had to buy them at a price lower than the market value he used.
40 Wall Street Trump’s valuation (2021): $US664 million, Bloomberg valuation (2023): $US270 million, New York’s valuation: No current estimate available In valuing his flagship lower Manhattan office tower, Trump consistently ignored more conservative appraisals he’d received from professionals, New York State argues. Trump has been accused of significantly over-valuing his flagship downtown New York property. Credit: Bloomberg For example, 40 Wall Street was appraised by a real estate company at $US200 million in 2011 and $US220 million in 2012.
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35203
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The $777 million surprise: Donald Trump is getting richer
Still, Trump’s optimism was shown to be at least partially justified. By 2021, only five of the 12 apartments remained rent stabilised. The prosecution also claims two additional non-stabilised apartments in the building were overvalued because Trump ignored an option his daughter, Ivanka Trump, had to buy them at a price lower than the market value he used.
40 Wall Street Trump’s valuation (2021): $US664 million, Bloomberg valuation (2023): $US270 million, New York’s valuation: No current estimate available In valuing his flagship lower Manhattan office tower, Trump consistently ignored more conservative appraisals he’d received from professionals, New York State argues. Trump has been accused of significantly over-valuing his flagship downtown New York property. Credit: Bloomberg For example, 40 Wall Street was appraised by a real estate company at $US200 million in 2011 and $US220 million in 2012. Despite this, Trump valued the property in financial statements at $US524.7 million and $US527.2 million, respectively, for those years.
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The $777 million surprise: Donald Trump is getting richer
The prosecution also claims two additional non-stabilised apartments in the building were overvalued because Trump ignored an option his daughter, Ivanka Trump, had to buy them at a price lower than the market value he used.
40 Wall Street Trump’s valuation (2021): $US664 million, Bloomberg valuation (2023): $US270 million, New York’s valuation: No current estimate available In valuing his flagship lower Manhattan office tower, Trump consistently ignored more conservative appraisals he’d received from professionals, New York State argues. Trump has been accused of significantly over-valuing his flagship downtown New York property. Credit: Bloomberg For example, 40 Wall Street was appraised by a real estate company at $US200 million in 2011 and $US220 million in 2012. Despite this, Trump valued the property in financial statements at $US524.7 million and $US527.2 million, respectively, for those years.
Bloomberg uses a capitalisation of net income approach in coming up with an estimate.
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35205
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The $777 million surprise: Donald Trump is getting richer
40 Wall Street Trump’s valuation (2021): $US664 million, Bloomberg valuation (2023): $US270 million, New York’s valuation: No current estimate available In valuing his flagship lower Manhattan office tower, Trump consistently ignored more conservative appraisals he’d received from professionals, New York State argues. Trump has been accused of significantly over-valuing his flagship downtown New York property. Credit: Bloomberg For example, 40 Wall Street was appraised by a real estate company at $US200 million in 2011 and $US220 million in 2012. Despite this, Trump valued the property in financial statements at $US524.7 million and $US527.2 million, respectively, for those years.
Bloomberg uses a capitalisation of net income approach in coming up with an estimate. Valuations for commercial offices across the board have taken a hit in the past 18 months amid rising interest rates and a lacklustre corporate leasing market. But 40 Wall Street has its own unique problems.
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The $777 million surprise: Donald Trump is getting richer
Trump has been accused of significantly over-valuing his flagship downtown New York property. Credit: Bloomberg For example, 40 Wall Street was appraised by a real estate company at $US200 million in 2011 and $US220 million in 2012. Despite this, Trump valued the property in financial statements at $US524.7 million and $US527.2 million, respectively, for those years.
Bloomberg uses a capitalisation of net income approach in coming up with an estimate. Valuations for commercial offices across the board have taken a hit in the past 18 months amid rising interest rates and a lacklustre corporate leasing market. But 40 Wall Street has its own unique problems. Tenant departures meant occupancy slid to 77 per cent in June, down from 98 per cent in 2015. Its net operating income is only 61 per cent of what was projected by underwriters.
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35207
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The $777 million surprise: Donald Trump is getting richer
Trump has been accused of significantly over-valuing his flagship downtown New York property. Credit: Bloomberg For example, 40 Wall Street was appraised by a real estate company at $US200 million in 2011 and $US220 million in 2012. Despite this, Trump valued the property in financial statements at $US524.7 million and $US527.2 million, respectively, for those years.
Bloomberg uses a capitalisation of net income approach in coming up with an estimate. Valuations for commercial offices across the board have taken a hit in the past 18 months amid rising interest rates and a lacklustre corporate leasing market. But 40 Wall Street has its own unique problems. Tenant departures meant occupancy slid to 77 per cent in June, down from 98 per cent in 2015. Its net operating income is only 61 per cent of what was projected by underwriters. Loading “There’s not a lot of leasing velocity down there,” said Albert Sultan, a broker at Kassin Sabbagh Realty.
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The $777 million surprise: Donald Trump is getting richer
Despite this, Trump valued the property in financial statements at $US524.7 million and $US527.2 million, respectively, for those years.
Bloomberg uses a capitalisation of net income approach in coming up with an estimate. Valuations for commercial offices across the board have taken a hit in the past 18 months amid rising interest rates and a lacklustre corporate leasing market. But 40 Wall Street has its own unique problems. Tenant departures meant occupancy slid to 77 per cent in June, down from 98 per cent in 2015. Its net operating income is only 61 per cent of what was projected by underwriters. Loading “There’s not a lot of leasing velocity down there,” said Albert Sultan, a broker at Kassin Sabbagh Realty. The financial district used to offer a lower cost for tenants, but with Midtown rents declining, “there’s no reason to go downtown.” The property is also subject to a ground lease that resets in 2032 at either 6 per cent of the land value or 85 per cent of its rent in the prior year.
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35209
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The $777 million surprise: Donald Trump is getting richer
Valuations for commercial offices across the board have taken a hit in the past 18 months amid rising interest rates and a lacklustre corporate leasing market. But 40 Wall Street has its own unique problems. Tenant departures meant occupancy slid to 77 per cent in June, down from 98 per cent in 2015. Its net operating income is only 61 per cent of what was projected by underwriters. Loading “There’s not a lot of leasing velocity down there,” said Albert Sultan, a broker at Kassin Sabbagh Realty. The financial district used to offer a lower cost for tenants, but with Midtown rents declining, “there’s no reason to go downtown.” The property is also subject to a ground lease that resets in 2032 at either 6 per cent of the land value or 85 per cent of its rent in the prior year. Based on current rent, that means the ground lease would jump to $US30 million from about $US2.6 million now.
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
Shohei Ohtani’s singular pursuit of history, one man’s quest to rewrite the baseball world’s understanding of what is possible, reached another summit on Saturday when he agreed to the largest contract in the annals of major North American team sports, a 10-year, $700 million contract with the Los Angeles Dodgers, his agency CAA announced.
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Ohtani announced his decision on Instagram. The deal ends years of feverish speculation about Ohtani’s future. Ohtani, a 29-year-old two-way sensation, has captivated the industry since he left Japan for Major League Baseball heading into the 2018 season. He has done things that appeared impossible in the modern era, feats that harkened back to Babe Ruth. As he traveled the country with the Los Angeles Angels this past summer, fans serenaded him with recruiting pitches. When he entered free agency, a dozen teams lined up, curious to see if they could meet his eye.
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
Advertisement
Ohtani announced his decision on Instagram. The deal ends years of feverish speculation about Ohtani’s future. Ohtani, a 29-year-old two-way sensation, has captivated the industry since he left Japan for Major League Baseball heading into the 2018 season. He has done things that appeared impossible in the modern era, feats that harkened back to Babe Ruth. As he traveled the country with the Los Angeles Angels this past summer, fans serenaded him with recruiting pitches. When he entered free agency, a dozen teams lined up, curious to see if they could meet his eye.
Only one team could secure Ohtani’s services. He will now be compensated for both his immense talent and his unparalleled star power.
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35212
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
Advertisement
Ohtani announced his decision on Instagram. The deal ends years of feverish speculation about Ohtani’s future. Ohtani, a 29-year-old two-way sensation, has captivated the industry since he left Japan for Major League Baseball heading into the 2018 season. He has done things that appeared impossible in the modern era, feats that harkened back to Babe Ruth. As he traveled the country with the Los Angeles Angels this past summer, fans serenaded him with recruiting pitches. When he entered free agency, a dozen teams lined up, curious to see if they could meet his eye.
Only one team could secure Ohtani’s services. He will now be compensated for both his immense talent and his unparalleled star power. His contract eclipsed the $360 million record for free agents set last winter by New York Yankees slugger Aaron Judge and also surpassed the record-setting $426.5 million extension from Ohtani’s former Angels teammate Mike Trout.
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35213
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
The deal ends years of feverish speculation about Ohtani’s future. Ohtani, a 29-year-old two-way sensation, has captivated the industry since he left Japan for Major League Baseball heading into the 2018 season. He has done things that appeared impossible in the modern era, feats that harkened back to Babe Ruth. As he traveled the country with the Los Angeles Angels this past summer, fans serenaded him with recruiting pitches. When he entered free agency, a dozen teams lined up, curious to see if they could meet his eye.
Only one team could secure Ohtani’s services. He will now be compensated for both his immense talent and his unparalleled star power. His contract eclipsed the $360 million record for free agents set last winter by New York Yankees slugger Aaron Judge and also surpassed the record-setting $426.5 million extension from Ohtani’s former Angels teammate Mike Trout. His achievement exceeded even those outside of baseball, topping the $450 million contract inked by Kansas City Chiefs quarterback Patrick Mahomes.
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
He has done things that appeared impossible in the modern era, feats that harkened back to Babe Ruth. As he traveled the country with the Los Angeles Angels this past summer, fans serenaded him with recruiting pitches. When he entered free agency, a dozen teams lined up, curious to see if they could meet his eye.
Only one team could secure Ohtani’s services. He will now be compensated for both his immense talent and his unparalleled star power. His contract eclipsed the $360 million record for free agents set last winter by New York Yankees slugger Aaron Judge and also surpassed the record-setting $426.5 million extension from Ohtani’s former Angels teammate Mike Trout. His achievement exceeded even those outside of baseball, topping the $450 million contract inked by Kansas City Chiefs quarterback Patrick Mahomes. Ohtani has outpaced even soccer star Lionel Messi’s $674 million contract — signed in 2017 when he was with FC Barcelona.
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35215
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
As he traveled the country with the Los Angeles Angels this past summer, fans serenaded him with recruiting pitches. When he entered free agency, a dozen teams lined up, curious to see if they could meet his eye.
Only one team could secure Ohtani’s services. He will now be compensated for both his immense talent and his unparalleled star power. His contract eclipsed the $360 million record for free agents set last winter by New York Yankees slugger Aaron Judge and also surpassed the record-setting $426.5 million extension from Ohtani’s former Angels teammate Mike Trout. His achievement exceeded even those outside of baseball, topping the $450 million contract inked by Kansas City Chiefs quarterback Patrick Mahomes. Ohtani has outpaced even soccer star Lionel Messi’s $674 million contract — signed in 2017 when he was with FC Barcelona.
His individual brilliance was not enough to lift the Angels into the postseason.
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35216
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
As he traveled the country with the Los Angeles Angels this past summer, fans serenaded him with recruiting pitches. When he entered free agency, a dozen teams lined up, curious to see if they could meet his eye.
Only one team could secure Ohtani’s services. He will now be compensated for both his immense talent and his unparalleled star power. His contract eclipsed the $360 million record for free agents set last winter by New York Yankees slugger Aaron Judge and also surpassed the record-setting $426.5 million extension from Ohtani’s former Angels teammate Mike Trout. His achievement exceeded even those outside of baseball, topping the $450 million contract inked by Kansas City Chiefs quarterback Patrick Mahomes. Ohtani has outpaced even soccer star Lionel Messi’s $674 million contract — signed in 2017 when he was with FC Barcelona.
His individual brilliance was not enough to lift the Angels into the postseason. With the Dodgers, Ohtani will now have an opportunity to add collective hardware to his trophy case.
|
35217
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
When he entered free agency, a dozen teams lined up, curious to see if they could meet his eye.
Only one team could secure Ohtani’s services. He will now be compensated for both his immense talent and his unparalleled star power. His contract eclipsed the $360 million record for free agents set last winter by New York Yankees slugger Aaron Judge and also surpassed the record-setting $426.5 million extension from Ohtani’s former Angels teammate Mike Trout. His achievement exceeded even those outside of baseball, topping the $450 million contract inked by Kansas City Chiefs quarterback Patrick Mahomes. Ohtani has outpaced even soccer star Lionel Messi’s $674 million contract — signed in 2017 when he was with FC Barcelona.
His individual brilliance was not enough to lift the Angels into the postseason. With the Dodgers, Ohtani will now have an opportunity to add collective hardware to his trophy case. The Dodgers have won the National League West in 10 of the past 11 seasons, topped 100 victories in five of the past six full seasons and won the World Series in 2020.
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35218
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
He will now be compensated for both his immense talent and his unparalleled star power. His contract eclipsed the $360 million record for free agents set last winter by New York Yankees slugger Aaron Judge and also surpassed the record-setting $426.5 million extension from Ohtani’s former Angels teammate Mike Trout. His achievement exceeded even those outside of baseball, topping the $450 million contract inked by Kansas City Chiefs quarterback Patrick Mahomes. Ohtani has outpaced even soccer star Lionel Messi’s $674 million contract — signed in 2017 when he was with FC Barcelona.
His individual brilliance was not enough to lift the Angels into the postseason. With the Dodgers, Ohtani will now have an opportunity to add collective hardware to his trophy case. The Dodgers have won the National League West in 10 of the past 11 seasons, topped 100 victories in five of the past six full seasons and won the World Series in 2020. Ohtani has never played a postseason game in his big-league career.
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35219
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
His contract eclipsed the $360 million record for free agents set last winter by New York Yankees slugger Aaron Judge and also surpassed the record-setting $426.5 million extension from Ohtani’s former Angels teammate Mike Trout. His achievement exceeded even those outside of baseball, topping the $450 million contract inked by Kansas City Chiefs quarterback Patrick Mahomes. Ohtani has outpaced even soccer star Lionel Messi’s $674 million contract — signed in 2017 when he was with FC Barcelona.
His individual brilliance was not enough to lift the Angels into the postseason. With the Dodgers, Ohtani will now have an opportunity to add collective hardware to his trophy case. The Dodgers have won the National League West in 10 of the past 11 seasons, topped 100 victories in five of the past six full seasons and won the World Series in 2020. Ohtani has never played a postseason game in his big-league career.
“My sense is that he wants to be the best ever,” said St.
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35220
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
His achievement exceeded even those outside of baseball, topping the $450 million contract inked by Kansas City Chiefs quarterback Patrick Mahomes. Ohtani has outpaced even soccer star Lionel Messi’s $674 million contract — signed in 2017 when he was with FC Barcelona.
His individual brilliance was not enough to lift the Angels into the postseason. With the Dodgers, Ohtani will now have an opportunity to add collective hardware to his trophy case. The Dodgers have won the National League West in 10 of the past 11 seasons, topped 100 victories in five of the past six full seasons and won the World Series in 2020. Ohtani has never played a postseason game in his big-league career.
“My sense is that he wants to be the best ever,” said St. Louis Cardinals outfielder Lars Nootbaar, who played with Ohtani last spring in the World Baseball Classic, “but I don’t think he would ever publicly say that.”
Advertisement
Deferrals effectively lower the average annual value of Ohtani’s contract, giving the Dodgers greater flexibility as they attempt to navigate Major League Baseball’s luxury-tax system, which includes penalties for teams that exceed certain thresholds.
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35221
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
His individual brilliance was not enough to lift the Angels into the postseason. With the Dodgers, Ohtani will now have an opportunity to add collective hardware to his trophy case. The Dodgers have won the National League West in 10 of the past 11 seasons, topped 100 victories in five of the past six full seasons and won the World Series in 2020. Ohtani has never played a postseason game in his big-league career.
“My sense is that he wants to be the best ever,” said St. Louis Cardinals outfielder Lars Nootbaar, who played with Ohtani last spring in the World Baseball Classic, “but I don’t think he would ever publicly say that.”
Advertisement
Deferrals effectively lower the average annual value of Ohtani’s contract, giving the Dodgers greater flexibility as they attempt to navigate Major League Baseball’s luxury-tax system, which includes penalties for teams that exceed certain thresholds.
A team’s luxury tax-payroll is calculated according to players’ average annual values, and discounted by deferrals.
|
35222
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
With the Dodgers, Ohtani will now have an opportunity to add collective hardware to his trophy case. The Dodgers have won the National League West in 10 of the past 11 seasons, topped 100 victories in five of the past six full seasons and won the World Series in 2020. Ohtani has never played a postseason game in his big-league career.
“My sense is that he wants to be the best ever,” said St. Louis Cardinals outfielder Lars Nootbaar, who played with Ohtani last spring in the World Baseball Classic, “but I don’t think he would ever publicly say that.”
Advertisement
Deferrals effectively lower the average annual value of Ohtani’s contract, giving the Dodgers greater flexibility as they attempt to navigate Major League Baseball’s luxury-tax system, which includes penalties for teams that exceed certain thresholds.
A team’s luxury tax-payroll is calculated according to players’ average annual values, and discounted by deferrals. Mookie Betts, for example, has $115 million deferred in his 12-year, $365 million contract with the Dodgers.
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35223
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
Ohtani has never played a postseason game in his big-league career.
“My sense is that he wants to be the best ever,” said St. Louis Cardinals outfielder Lars Nootbaar, who played with Ohtani last spring in the World Baseball Classic, “but I don’t think he would ever publicly say that.”
Advertisement
Deferrals effectively lower the average annual value of Ohtani’s contract, giving the Dodgers greater flexibility as they attempt to navigate Major League Baseball’s luxury-tax system, which includes penalties for teams that exceed certain thresholds.
A team’s luxury tax-payroll is calculated according to players’ average annual values, and discounted by deferrals. Mookie Betts, for example, has $115 million deferred in his 12-year, $365 million contract with the Dodgers. Under the league’s calculations, the deferrals lower his average annual value from $30.4 million to $25.5 million.
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
Ohtani has never played a postseason game in his big-league career.
“My sense is that he wants to be the best ever,” said St. Louis Cardinals outfielder Lars Nootbaar, who played with Ohtani last spring in the World Baseball Classic, “but I don’t think he would ever publicly say that.”
Advertisement
Deferrals effectively lower the average annual value of Ohtani’s contract, giving the Dodgers greater flexibility as they attempt to navigate Major League Baseball’s luxury-tax system, which includes penalties for teams that exceed certain thresholds.
A team’s luxury tax-payroll is calculated according to players’ average annual values, and discounted by deferrals. Mookie Betts, for example, has $115 million deferred in his 12-year, $365 million contract with the Dodgers. Under the league’s calculations, the deferrals lower his average annual value from $30.4 million to $25.5 million.
Dodgers officials declined comment when asked if Ohtani had taken a physical, the final step before a deal can become official.
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
Louis Cardinals outfielder Lars Nootbaar, who played with Ohtani last spring in the World Baseball Classic, “but I don’t think he would ever publicly say that.”
Advertisement
Deferrals effectively lower the average annual value of Ohtani’s contract, giving the Dodgers greater flexibility as they attempt to navigate Major League Baseball’s luxury-tax system, which includes penalties for teams that exceed certain thresholds.
A team’s luxury tax-payroll is calculated according to players’ average annual values, and discounted by deferrals. Mookie Betts, for example, has $115 million deferred in his 12-year, $365 million contract with the Dodgers. Under the league’s calculations, the deferrals lower his average annual value from $30.4 million to $25.5 million.
Dodgers officials declined comment when asked if Ohtani had taken a physical, the final step before a deal can become official.
Significant questions linger about Ohtani’s future.
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35226
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
Louis Cardinals outfielder Lars Nootbaar, who played with Ohtani last spring in the World Baseball Classic, “but I don’t think he would ever publicly say that.”
Advertisement
Deferrals effectively lower the average annual value of Ohtani’s contract, giving the Dodgers greater flexibility as they attempt to navigate Major League Baseball’s luxury-tax system, which includes penalties for teams that exceed certain thresholds.
A team’s luxury tax-payroll is calculated according to players’ average annual values, and discounted by deferrals. Mookie Betts, for example, has $115 million deferred in his 12-year, $365 million contract with the Dodgers. Under the league’s calculations, the deferrals lower his average annual value from $30.4 million to $25.5 million.
Dodgers officials declined comment when asked if Ohtani had taken a physical, the final step before a deal can become official.
Significant questions linger about Ohtani’s future. He will not pitch in 2024 as he recovers from a September operation to repair his right elbow’s ulnar collateral ligament.
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35227
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
A team’s luxury tax-payroll is calculated according to players’ average annual values, and discounted by deferrals. Mookie Betts, for example, has $115 million deferred in his 12-year, $365 million contract with the Dodgers. Under the league’s calculations, the deferrals lower his average annual value from $30.4 million to $25.5 million.
Dodgers officials declined comment when asked if Ohtani had taken a physical, the final step before a deal can become official.
Significant questions linger about Ohtani’s future. He will not pitch in 2024 as he recovers from a September operation to repair his right elbow’s ulnar collateral ligament. He underwent Tommy John surgery in 2018.
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35228
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
A team’s luxury tax-payroll is calculated according to players’ average annual values, and discounted by deferrals. Mookie Betts, for example, has $115 million deferred in his 12-year, $365 million contract with the Dodgers. Under the league’s calculations, the deferrals lower his average annual value from $30.4 million to $25.5 million.
Dodgers officials declined comment when asked if Ohtani had taken a physical, the final step before a deal can become official.
Significant questions linger about Ohtani’s future. He will not pitch in 2024 as he recovers from a September operation to repair his right elbow’s ulnar collateral ligament. He underwent Tommy John surgery in 2018. Neither Ohtani, who has not taken questions from reporters since August, nor his agent, Nez Balelo, nor the Angels have disclosed the exact nature of the second surgery, but the Los Angeles Times has reported it was a second Tommy John procedure.
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
Mookie Betts, for example, has $115 million deferred in his 12-year, $365 million contract with the Dodgers. Under the league’s calculations, the deferrals lower his average annual value from $30.4 million to $25.5 million.
Dodgers officials declined comment when asked if Ohtani had taken a physical, the final step before a deal can become official.
Significant questions linger about Ohtani’s future. He will not pitch in 2024 as he recovers from a September operation to repair his right elbow’s ulnar collateral ligament. He underwent Tommy John surgery in 2018. Neither Ohtani, who has not taken questions from reporters since August, nor his agent, Nez Balelo, nor the Angels have disclosed the exact nature of the second surgery, but the Los Angeles Times has reported it was a second Tommy John procedure.
Balelo has stressed that Ohtani remains committed to both pitching and hitting in the future.
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
Under the league’s calculations, the deferrals lower his average annual value from $30.4 million to $25.5 million.
Dodgers officials declined comment when asked if Ohtani had taken a physical, the final step before a deal can become official.
Significant questions linger about Ohtani’s future. He will not pitch in 2024 as he recovers from a September operation to repair his right elbow’s ulnar collateral ligament. He underwent Tommy John surgery in 2018. Neither Ohtani, who has not taken questions from reporters since August, nor his agent, Nez Balelo, nor the Angels have disclosed the exact nature of the second surgery, but the Los Angeles Times has reported it was a second Tommy John procedure.
Balelo has stressed that Ohtani remains committed to both pitching and hitting in the future. “Shohei loves to pitch,” Balelo told reporters in September.
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35231
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
Under the league’s calculations, the deferrals lower his average annual value from $30.4 million to $25.5 million.
Dodgers officials declined comment when asked if Ohtani had taken a physical, the final step before a deal can become official.
Significant questions linger about Ohtani’s future. He will not pitch in 2024 as he recovers from a September operation to repair his right elbow’s ulnar collateral ligament. He underwent Tommy John surgery in 2018. Neither Ohtani, who has not taken questions from reporters since August, nor his agent, Nez Balelo, nor the Angels have disclosed the exact nature of the second surgery, but the Los Angeles Times has reported it was a second Tommy John procedure.
Balelo has stressed that Ohtani remains committed to both pitching and hitting in the future. “Shohei loves to pitch,” Balelo told reporters in September. Ohtani will attempt to return to the mound in 2025.
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
Dodgers officials declined comment when asked if Ohtani had taken a physical, the final step before a deal can become official.
Significant questions linger about Ohtani’s future. He will not pitch in 2024 as he recovers from a September operation to repair his right elbow’s ulnar collateral ligament. He underwent Tommy John surgery in 2018. Neither Ohtani, who has not taken questions from reporters since August, nor his agent, Nez Balelo, nor the Angels have disclosed the exact nature of the second surgery, but the Los Angeles Times has reported it was a second Tommy John procedure.
Balelo has stressed that Ohtani remains committed to both pitching and hitting in the future. “Shohei loves to pitch,” Balelo told reporters in September. Ohtani will attempt to return to the mound in 2025. His camp has not revealed at what point Ohtani would consider giving up his dual career and focusing on learning a different position.
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
Significant questions linger about Ohtani’s future. He will not pitch in 2024 as he recovers from a September operation to repair his right elbow’s ulnar collateral ligament. He underwent Tommy John surgery in 2018. Neither Ohtani, who has not taken questions from reporters since August, nor his agent, Nez Balelo, nor the Angels have disclosed the exact nature of the second surgery, but the Los Angeles Times has reported it was a second Tommy John procedure.
Balelo has stressed that Ohtani remains committed to both pitching and hitting in the future. “Shohei loves to pitch,” Balelo told reporters in September. Ohtani will attempt to return to the mound in 2025. His camp has not revealed at what point Ohtani would consider giving up his dual career and focusing on learning a different position. Since he was a teenager, Ohtani has ignored suggestions that he focus on only one pursuit.
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
He will not pitch in 2024 as he recovers from a September operation to repair his right elbow’s ulnar collateral ligament. He underwent Tommy John surgery in 2018. Neither Ohtani, who has not taken questions from reporters since August, nor his agent, Nez Balelo, nor the Angels have disclosed the exact nature of the second surgery, but the Los Angeles Times has reported it was a second Tommy John procedure.
Balelo has stressed that Ohtani remains committed to both pitching and hitting in the future. “Shohei loves to pitch,” Balelo told reporters in September. Ohtani will attempt to return to the mound in 2025. His camp has not revealed at what point Ohtani would consider giving up his dual career and focusing on learning a different position. Since he was a teenager, Ohtani has ignored suggestions that he focus on only one pursuit.
Ohtani demonstrated his potential as the American League Rookie of the Year in 2018, but his two-way hopes were delayed after his first elbow surgery.
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
He underwent Tommy John surgery in 2018. Neither Ohtani, who has not taken questions from reporters since August, nor his agent, Nez Balelo, nor the Angels have disclosed the exact nature of the second surgery, but the Los Angeles Times has reported it was a second Tommy John procedure.
Balelo has stressed that Ohtani remains committed to both pitching and hitting in the future. “Shohei loves to pitch,” Balelo told reporters in September. Ohtani will attempt to return to the mound in 2025. His camp has not revealed at what point Ohtani would consider giving up his dual career and focusing on learning a different position. Since he was a teenager, Ohtani has ignored suggestions that he focus on only one pursuit.
Ohtani demonstrated his potential as the American League Rookie of the Year in 2018, but his two-way hopes were delayed after his first elbow surgery. It was not until 2021 that the full flower of his ability bloomed.
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
Balelo has stressed that Ohtani remains committed to both pitching and hitting in the future. “Shohei loves to pitch,” Balelo told reporters in September. Ohtani will attempt to return to the mound in 2025. His camp has not revealed at what point Ohtani would consider giving up his dual career and focusing on learning a different position. Since he was a teenager, Ohtani has ignored suggestions that he focus on only one pursuit.
Ohtani demonstrated his potential as the American League Rookie of the Year in 2018, but his two-way hopes were delayed after his first elbow surgery. It was not until 2021 that the full flower of his ability bloomed. He has won the American League MVP in two of the past three seasons; in the intervening season, he led all American League pitchers in strikeout rate while hitting 34 home runs with an .875 OPS.
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35237
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
Balelo has stressed that Ohtani remains committed to both pitching and hitting in the future. “Shohei loves to pitch,” Balelo told reporters in September. Ohtani will attempt to return to the mound in 2025. His camp has not revealed at what point Ohtani would consider giving up his dual career and focusing on learning a different position. Since he was a teenager, Ohtani has ignored suggestions that he focus on only one pursuit.
Ohtani demonstrated his potential as the American League Rookie of the Year in 2018, but his two-way hopes were delayed after his first elbow surgery. It was not until 2021 that the full flower of his ability bloomed. He has won the American League MVP in two of the past three seasons; in the intervening season, he led all American League pitchers in strikeout rate while hitting 34 home runs with an .875 OPS. To create a comparison for him involves inventions that sound freakish.
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35238
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
“Shohei loves to pitch,” Balelo told reporters in September. Ohtani will attempt to return to the mound in 2025. His camp has not revealed at what point Ohtani would consider giving up his dual career and focusing on learning a different position. Since he was a teenager, Ohtani has ignored suggestions that he focus on only one pursuit.
Ohtani demonstrated his potential as the American League Rookie of the Year in 2018, but his two-way hopes were delayed after his first elbow surgery. It was not until 2021 that the full flower of his ability bloomed. He has won the American League MVP in two of the past three seasons; in the intervening season, he led all American League pitchers in strikeout rate while hitting 34 home runs with an .875 OPS. To create a comparison for him involves inventions that sound freakish. “It’s like if Judge went out and was a 20-game winner as well,” former teammate Kole Calhoun said.
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35239
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
Ohtani will attempt to return to the mound in 2025. His camp has not revealed at what point Ohtani would consider giving up his dual career and focusing on learning a different position. Since he was a teenager, Ohtani has ignored suggestions that he focus on only one pursuit.
Ohtani demonstrated his potential as the American League Rookie of the Year in 2018, but his two-way hopes were delayed after his first elbow surgery. It was not until 2021 that the full flower of his ability bloomed. He has won the American League MVP in two of the past three seasons; in the intervening season, he led all American League pitchers in strikeout rate while hitting 34 home runs with an .875 OPS. To create a comparison for him involves inventions that sound freakish. “It’s like if Judge went out and was a 20-game winner as well,” former teammate Kole Calhoun said.
Ohtani will not pitch in 2024 after undergoing Tommy John surgery, but his agent stressed he’s committed to returning to the mound.
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35240
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
Since he was a teenager, Ohtani has ignored suggestions that he focus on only one pursuit.
Ohtani demonstrated his potential as the American League Rookie of the Year in 2018, but his two-way hopes were delayed after his first elbow surgery. It was not until 2021 that the full flower of his ability bloomed. He has won the American League MVP in two of the past three seasons; in the intervening season, he led all American League pitchers in strikeout rate while hitting 34 home runs with an .875 OPS. To create a comparison for him involves inventions that sound freakish. “It’s like if Judge went out and was a 20-game winner as well,” former teammate Kole Calhoun said.
Ohtani will not pitch in 2024 after undergoing Tommy John surgery, but his agent stressed he’s committed to returning to the mound. (Photo: Michael Owens / Getty Images)
Ohtani is committed to being a starting pitcher.
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35241
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
Ohtani demonstrated his potential as the American League Rookie of the Year in 2018, but his two-way hopes were delayed after his first elbow surgery. It was not until 2021 that the full flower of his ability bloomed. He has won the American League MVP in two of the past three seasons; in the intervening season, he led all American League pitchers in strikeout rate while hitting 34 home runs with an .875 OPS. To create a comparison for him involves inventions that sound freakish. “It’s like if Judge went out and was a 20-game winner as well,” former teammate Kole Calhoun said.
Ohtani will not pitch in 2024 after undergoing Tommy John surgery, but his agent stressed he’s committed to returning to the mound. (Photo: Michael Owens / Getty Images)
Ohtani is committed to being a starting pitcher. If he cannot stay healthy enough for that role, he could aid his new team as a reliever.
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35242
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
It was not until 2021 that the full flower of his ability bloomed. He has won the American League MVP in two of the past three seasons; in the intervening season, he led all American League pitchers in strikeout rate while hitting 34 home runs with an .875 OPS. To create a comparison for him involves inventions that sound freakish. “It’s like if Judge went out and was a 20-game winner as well,” former teammate Kole Calhoun said.
Ohtani will not pitch in 2024 after undergoing Tommy John surgery, but his agent stressed he’s committed to returning to the mound. (Photo: Michael Owens / Getty Images)
Ohtani is committed to being a starting pitcher. If he cannot stay healthy enough for that role, he could aid his new team as a reliever. He closed the final game of the World Baseball Classic, securing the crown for Japan by striking out Trout.
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35243
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
It was not until 2021 that the full flower of his ability bloomed. He has won the American League MVP in two of the past three seasons; in the intervening season, he led all American League pitchers in strikeout rate while hitting 34 home runs with an .875 OPS. To create a comparison for him involves inventions that sound freakish. “It’s like if Judge went out and was a 20-game winner as well,” former teammate Kole Calhoun said.
Ohtani will not pitch in 2024 after undergoing Tommy John surgery, but his agent stressed he’s committed to returning to the mound. (Photo: Michael Owens / Getty Images)
Ohtani is committed to being a starting pitcher. If he cannot stay healthy enough for that role, he could aid his new team as a reliever. He closed the final game of the World Baseball Classic, securing the crown for Japan by striking out Trout. His four-seam fastball averaged nearly 97 mph in 2023; the velocity of the pitch figures to improve in short bursts.
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35244
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
To create a comparison for him involves inventions that sound freakish. “It’s like if Judge went out and was a 20-game winner as well,” former teammate Kole Calhoun said.
Ohtani will not pitch in 2024 after undergoing Tommy John surgery, but his agent stressed he’s committed to returning to the mound. (Photo: Michael Owens / Getty Images)
Ohtani is committed to being a starting pitcher. If he cannot stay healthy enough for that role, he could aid his new team as a reliever. He closed the final game of the World Baseball Classic, securing the crown for Japan by striking out Trout. His four-seam fastball averaged nearly 97 mph in 2023; the velocity of the pitch figures to improve in short bursts.
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Even if Ohtani never pitches again, his value as a hitter is immense.
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35245
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
To create a comparison for him involves inventions that sound freakish. “It’s like if Judge went out and was a 20-game winner as well,” former teammate Kole Calhoun said.
Ohtani will not pitch in 2024 after undergoing Tommy John surgery, but his agent stressed he’s committed to returning to the mound. (Photo: Michael Owens / Getty Images)
Ohtani is committed to being a starting pitcher. If he cannot stay healthy enough for that role, he could aid his new team as a reliever. He closed the final game of the World Baseball Classic, securing the crown for Japan by striking out Trout. His four-seam fastball averaged nearly 97 mph in 2023; the velocity of the pitch figures to improve in short bursts.
Advertisement
Even if Ohtani never pitches again, his value as a hitter is immense. In 1920, his first season exclusively as a hitter, Ruth led the American League in homers, on-base percentage and slugging percentage.
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35246
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
“It’s like if Judge went out and was a 20-game winner as well,” former teammate Kole Calhoun said.
Ohtani will not pitch in 2024 after undergoing Tommy John surgery, but his agent stressed he’s committed to returning to the mound. (Photo: Michael Owens / Getty Images)
Ohtani is committed to being a starting pitcher. If he cannot stay healthy enough for that role, he could aid his new team as a reliever. He closed the final game of the World Baseball Classic, securing the crown for Japan by striking out Trout. His four-seam fastball averaged nearly 97 mph in 2023; the velocity of the pitch figures to improve in short bursts.
Advertisement
Even if Ohtani never pitches again, his value as a hitter is immense. In 1920, his first season exclusively as a hitter, Ruth led the American League in homers, on-base percentage and slugging percentage. In 2023, while still making 23 starts with a 3.14 ERA, Ohtani led the American League in the same three categories as Ruth.
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35247
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
(Photo: Michael Owens / Getty Images)
Ohtani is committed to being a starting pitcher. If he cannot stay healthy enough for that role, he could aid his new team as a reliever. He closed the final game of the World Baseball Classic, securing the crown for Japan by striking out Trout. His four-seam fastball averaged nearly 97 mph in 2023; the velocity of the pitch figures to improve in short bursts.
Advertisement
Even if Ohtani never pitches again, his value as a hitter is immense. In 1920, his first season exclusively as a hitter, Ruth led the American League in homers, on-base percentage and slugging percentage. In 2023, while still making 23 starts with a 3.14 ERA, Ohtani led the American League in the same three categories as Ruth. He swatted 44 homers with a career-best 1.066 OPS.
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35248
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
(Photo: Michael Owens / Getty Images)
Ohtani is committed to being a starting pitcher. If he cannot stay healthy enough for that role, he could aid his new team as a reliever. He closed the final game of the World Baseball Classic, securing the crown for Japan by striking out Trout. His four-seam fastball averaged nearly 97 mph in 2023; the velocity of the pitch figures to improve in short bursts.
Advertisement
Even if Ohtani never pitches again, his value as a hitter is immense. In 1920, his first season exclusively as a hitter, Ruth led the American League in homers, on-base percentage and slugging percentage. In 2023, while still making 23 starts with a 3.14 ERA, Ohtani led the American League in the same three categories as Ruth. He swatted 44 homers with a career-best 1.066 OPS. He did this while making starts and dealing with a torn ligament in his elbow.
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35249
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
If he cannot stay healthy enough for that role, he could aid his new team as a reliever. He closed the final game of the World Baseball Classic, securing the crown for Japan by striking out Trout. His four-seam fastball averaged nearly 97 mph in 2023; the velocity of the pitch figures to improve in short bursts.
Advertisement
Even if Ohtani never pitches again, his value as a hitter is immense. In 1920, his first season exclusively as a hitter, Ruth led the American League in homers, on-base percentage and slugging percentage. In 2023, while still making 23 starts with a 3.14 ERA, Ohtani led the American League in the same three categories as Ruth. He swatted 44 homers with a career-best 1.066 OPS. He did this while making starts and dealing with a torn ligament in his elbow.
Only one stage remains for Ohtani.
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35250
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
If he cannot stay healthy enough for that role, he could aid his new team as a reliever. He closed the final game of the World Baseball Classic, securing the crown for Japan by striking out Trout. His four-seam fastball averaged nearly 97 mph in 2023; the velocity of the pitch figures to improve in short bursts.
Advertisement
Even if Ohtani never pitches again, his value as a hitter is immense. In 1920, his first season exclusively as a hitter, Ruth led the American League in homers, on-base percentage and slugging percentage. In 2023, while still making 23 starts with a 3.14 ERA, Ohtani led the American League in the same three categories as Ruth. He swatted 44 homers with a career-best 1.066 OPS. He did this while making starts and dealing with a torn ligament in his elbow.
Only one stage remains for Ohtani. He has never played a postseason game in the majors.
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35251
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
He closed the final game of the World Baseball Classic, securing the crown for Japan by striking out Trout. His four-seam fastball averaged nearly 97 mph in 2023; the velocity of the pitch figures to improve in short bursts.
Advertisement
Even if Ohtani never pitches again, his value as a hitter is immense. In 1920, his first season exclusively as a hitter, Ruth led the American League in homers, on-base percentage and slugging percentage. In 2023, while still making 23 starts with a 3.14 ERA, Ohtani led the American League in the same three categories as Ruth. He swatted 44 homers with a career-best 1.066 OPS. He did this while making starts and dealing with a torn ligament in his elbow.
Only one stage remains for Ohtani. He has never played a postseason game in the majors. As the Angels foundered in recent years, Ohtani became more vocal about his desire to play for a winner.
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35252
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
His four-seam fastball averaged nearly 97 mph in 2023; the velocity of the pitch figures to improve in short bursts.
Advertisement
Even if Ohtani never pitches again, his value as a hitter is immense. In 1920, his first season exclusively as a hitter, Ruth led the American League in homers, on-base percentage and slugging percentage. In 2023, while still making 23 starts with a 3.14 ERA, Ohtani led the American League in the same three categories as Ruth. He swatted 44 homers with a career-best 1.066 OPS. He did this while making starts and dealing with a torn ligament in his elbow.
Only one stage remains for Ohtani. He has never played a postseason game in the majors. As the Angels foundered in recent years, Ohtani became more vocal about his desire to play for a winner. Now he has the chance to make a different kind of history.
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35253
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M.L.B. Superstar Shohei Ohtani to Sign $700 Million Deal With Dodgers
Advertisement
Even if Ohtani never pitches again, his value as a hitter is immense. In 1920, his first season exclusively as a hitter, Ruth led the American League in homers, on-base percentage and slugging percentage. In 2023, while still making 23 starts with a 3.14 ERA, Ohtani led the American League in the same three categories as Ruth. He swatted 44 homers with a career-best 1.066 OPS. He did this while making starts and dealing with a torn ligament in his elbow.
Only one stage remains for Ohtani. He has never played a postseason game in the majors. As the Angels foundered in recent years, Ohtani became more vocal about his desire to play for a winner. Now he has the chance to make a different kind of history.
Required reading
(Photo: Stacy Revere / Getty Images)
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35254
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India to be one of world's fastest growing economies over next decade
The IMF. in its latest update. has said that India is one of the large emerging economies that has been doing better than expected.
The IMF said India has been doing better for a while now and that India is, in fact, one of the growth engines in the world economy at this point.
The IMF said important divergences are appearing. The slowdown is more pronounced in advanced economies than in emerging markets and developing economies. Among the advanced economies, the US has been revised up, with resilient consumption and investment, while the euro area has been revised down, as tighter monetary policy and the energy crisis took a toll.
There is divergence also among emerging markets and developing economies, with China facing growing headwinds, while Brazil, India. and Russia are revised up.
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35255
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India to be one of world's fastest growing economies over next decade
The IMF. in its latest update. has said that India is one of the large emerging economies that has been doing better than expected.
The IMF said India has been doing better for a while now and that India is, in fact, one of the growth engines in the world economy at this point.
The IMF said important divergences are appearing. The slowdown is more pronounced in advanced economies than in emerging markets and developing economies. Among the advanced economies, the US has been revised up, with resilient consumption and investment, while the euro area has been revised down, as tighter monetary policy and the energy crisis took a toll.
There is divergence also among emerging markets and developing economies, with China facing growing headwinds, while Brazil, India. and Russia are revised up.
After two years of rapid economic growth in 2021 and 2022, the near-term economic outlook for India is for continued rapid expansion during 2023-24, underpinned by strong growth in private consumption and investment, S&P Global Market Intelligence said in a recent update.
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35256
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India to be one of world's fastest growing economies over next decade
The IMF said India has been doing better for a while now and that India is, in fact, one of the growth engines in the world economy at this point.
The IMF said important divergences are appearing. The slowdown is more pronounced in advanced economies than in emerging markets and developing economies. Among the advanced economies, the US has been revised up, with resilient consumption and investment, while the euro area has been revised down, as tighter monetary policy and the energy crisis took a toll.
There is divergence also among emerging markets and developing economies, with China facing growing headwinds, while Brazil, India. and Russia are revised up.
After two years of rapid economic growth in 2021 and 2022, the near-term economic outlook for India is for continued rapid expansion during 2023-24, underpinned by strong growth in private consumption and investment, S&P Global Market Intelligence said in a recent update.
The acceleration of foreign direct investment inflows into India over the past decade reflects the favourable long-term growth outlook for the Indian economy, helped by a youthful demographic profile and rapidly rising urban household incomes.
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35257
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India to be one of world's fastest growing economies over next decade
The IMF said important divergences are appearing. The slowdown is more pronounced in advanced economies than in emerging markets and developing economies. Among the advanced economies, the US has been revised up, with resilient consumption and investment, while the euro area has been revised down, as tighter monetary policy and the energy crisis took a toll.
There is divergence also among emerging markets and developing economies, with China facing growing headwinds, while Brazil, India. and Russia are revised up.
After two years of rapid economic growth in 2021 and 2022, the near-term economic outlook for India is for continued rapid expansion during 2023-24, underpinned by strong growth in private consumption and investment, S&P Global Market Intelligence said in a recent update.
The acceleration of foreign direct investment inflows into India over the past decade reflects the favourable long-term growth outlook for the Indian economy, helped by a youthful demographic profile and rapidly rising urban household incomes.
India's nominal GDP measured in USD terms is forecast to rise from $3.5 trillion in 2022 to $7.3 trillion by 2030.
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35258
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India to be one of world's fastest growing economies over next decade
There is divergence also among emerging markets and developing economies, with China facing growing headwinds, while Brazil, India. and Russia are revised up.
After two years of rapid economic growth in 2021 and 2022, the near-term economic outlook for India is for continued rapid expansion during 2023-24, underpinned by strong growth in private consumption and investment, S&P Global Market Intelligence said in a recent update.
The acceleration of foreign direct investment inflows into India over the past decade reflects the favourable long-term growth outlook for the Indian economy, helped by a youthful demographic profile and rapidly rising urban household incomes.
India's nominal GDP measured in USD terms is forecast to rise from $3.5 trillion in 2022 to $7.3 trillion by 2030. This rapid pace of economic expansion would result in the size of the Indian GDP exceeding the Japanese GDP by 2030, making India the second largest economy in the Asia-Pacific region.
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35259
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India to be one of world's fastest growing economies over next decade
There is divergence also among emerging markets and developing economies, with China facing growing headwinds, while Brazil, India. and Russia are revised up.
After two years of rapid economic growth in 2021 and 2022, the near-term economic outlook for India is for continued rapid expansion during 2023-24, underpinned by strong growth in private consumption and investment, S&P Global Market Intelligence said in a recent update.
The acceleration of foreign direct investment inflows into India over the past decade reflects the favourable long-term growth outlook for the Indian economy, helped by a youthful demographic profile and rapidly rising urban household incomes.
India's nominal GDP measured in USD terms is forecast to rise from $3.5 trillion in 2022 to $7.3 trillion by 2030. This rapid pace of economic expansion would result in the size of the Indian GDP exceeding the Japanese GDP by 2030, making India the second largest economy in the Asia-Pacific region.
By 2022, the size of the Indian GDP had already become larger than the GDP of the UK and also France.
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35260
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India to be one of world's fastest growing economies over next decade
and Russia are revised up.
After two years of rapid economic growth in 2021 and 2022, the near-term economic outlook for India is for continued rapid expansion during 2023-24, underpinned by strong growth in private consumption and investment, S&P Global Market Intelligence said in a recent update.
The acceleration of foreign direct investment inflows into India over the past decade reflects the favourable long-term growth outlook for the Indian economy, helped by a youthful demographic profile and rapidly rising urban household incomes.
India's nominal GDP measured in USD terms is forecast to rise from $3.5 trillion in 2022 to $7.3 trillion by 2030. This rapid pace of economic expansion would result in the size of the Indian GDP exceeding the Japanese GDP by 2030, making India the second largest economy in the Asia-Pacific region.
By 2022, the size of the Indian GDP had already become larger than the GDP of the UK and also France. By 2030, India's GDP is also forecast to surpass Germany, the research said.
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35261
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India to be one of world's fastest growing economies over next decade
The acceleration of foreign direct investment inflows into India over the past decade reflects the favourable long-term growth outlook for the Indian economy, helped by a youthful demographic profile and rapidly rising urban household incomes.
India's nominal GDP measured in USD terms is forecast to rise from $3.5 trillion in 2022 to $7.3 trillion by 2030. This rapid pace of economic expansion would result in the size of the Indian GDP exceeding the Japanese GDP by 2030, making India the second largest economy in the Asia-Pacific region.
By 2022, the size of the Indian GDP had already become larger than the GDP of the UK and also France. By 2030, India's GDP is also forecast to surpass Germany, the research said.
The long-term outlook for the Indian economy is supported by a number of key growth drivers. An important positive factor for India is its large and fast-growing middle class, which is helping to drive consumer spending.
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35262
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India to be one of world's fastest growing economies over next decade
The acceleration of foreign direct investment inflows into India over the past decade reflects the favourable long-term growth outlook for the Indian economy, helped by a youthful demographic profile and rapidly rising urban household incomes.
India's nominal GDP measured in USD terms is forecast to rise from $3.5 trillion in 2022 to $7.3 trillion by 2030. This rapid pace of economic expansion would result in the size of the Indian GDP exceeding the Japanese GDP by 2030, making India the second largest economy in the Asia-Pacific region.
By 2022, the size of the Indian GDP had already become larger than the GDP of the UK and also France. By 2030, India's GDP is also forecast to surpass Germany, the research said.
The long-term outlook for the Indian economy is supported by a number of key growth drivers. An important positive factor for India is its large and fast-growing middle class, which is helping to drive consumer spending.
The rapidly growing Indian domestic consumer market as well as its large industrial sector have made India an increasingly important investment destination for a wide range of multinationals in many sectors, including manufacturing, infrastructure and services, the report said.
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35263
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India to be one of world's fastest growing economies over next decade
This rapid pace of economic expansion would result in the size of the Indian GDP exceeding the Japanese GDP by 2030, making India the second largest economy in the Asia-Pacific region.
By 2022, the size of the Indian GDP had already become larger than the GDP of the UK and also France. By 2030, India's GDP is also forecast to surpass Germany, the research said.
The long-term outlook for the Indian economy is supported by a number of key growth drivers. An important positive factor for India is its large and fast-growing middle class, which is helping to drive consumer spending.
The rapidly growing Indian domestic consumer market as well as its large industrial sector have made India an increasingly important investment destination for a wide range of multinationals in many sectors, including manufacturing, infrastructure and services, the report said.
The digital transformation of India that is currently underway is expected to accelerate the growth of e-commerce, changing the retail consumer market landscape over the next decade.
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35264
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India to be one of world's fastest growing economies over next decade
This rapid pace of economic expansion would result in the size of the Indian GDP exceeding the Japanese GDP by 2030, making India the second largest economy in the Asia-Pacific region.
By 2022, the size of the Indian GDP had already become larger than the GDP of the UK and also France. By 2030, India's GDP is also forecast to surpass Germany, the research said.
The long-term outlook for the Indian economy is supported by a number of key growth drivers. An important positive factor for India is its large and fast-growing middle class, which is helping to drive consumer spending.
The rapidly growing Indian domestic consumer market as well as its large industrial sector have made India an increasingly important investment destination for a wide range of multinationals in many sectors, including manufacturing, infrastructure and services, the report said.
The digital transformation of India that is currently underway is expected to accelerate the growth of e-commerce, changing the retail consumer market landscape over the next decade. This is attracting leading global multinationals in technology and e-commerce to the Indian market.
|
35265
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India to be one of world's fastest growing economies over next decade
By 2022, the size of the Indian GDP had already become larger than the GDP of the UK and also France. By 2030, India's GDP is also forecast to surpass Germany, the research said.
The long-term outlook for the Indian economy is supported by a number of key growth drivers. An important positive factor for India is its large and fast-growing middle class, which is helping to drive consumer spending.
The rapidly growing Indian domestic consumer market as well as its large industrial sector have made India an increasingly important investment destination for a wide range of multinationals in many sectors, including manufacturing, infrastructure and services, the report said.
The digital transformation of India that is currently underway is expected to accelerate the growth of e-commerce, changing the retail consumer market landscape over the next decade. This is attracting leading global multinationals in technology and e-commerce to the Indian market.
By 2030, 1.1 billion people in India will have internet access, more than doubling from the estimated 500 million internet users in 2020.
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35266
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India to be one of world's fastest growing economies over next decade
By 2030, India's GDP is also forecast to surpass Germany, the research said.
The long-term outlook for the Indian economy is supported by a number of key growth drivers. An important positive factor for India is its large and fast-growing middle class, which is helping to drive consumer spending.
The rapidly growing Indian domestic consumer market as well as its large industrial sector have made India an increasingly important investment destination for a wide range of multinationals in many sectors, including manufacturing, infrastructure and services, the report said.
The digital transformation of India that is currently underway is expected to accelerate the growth of e-commerce, changing the retail consumer market landscape over the next decade. This is attracting leading global multinationals in technology and e-commerce to the Indian market.
By 2030, 1.1 billion people in India will have internet access, more than doubling from the estimated 500 million internet users in 2020. The rapid growth of e-commerce and the shift to 4G and 5G smartphone technology will boost home-grown unicorns.
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35267
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India to be one of world's fastest growing economies over next decade
The long-term outlook for the Indian economy is supported by a number of key growth drivers. An important positive factor for India is its large and fast-growing middle class, which is helping to drive consumer spending.
The rapidly growing Indian domestic consumer market as well as its large industrial sector have made India an increasingly important investment destination for a wide range of multinationals in many sectors, including manufacturing, infrastructure and services, the report said.
The digital transformation of India that is currently underway is expected to accelerate the growth of e-commerce, changing the retail consumer market landscape over the next decade. This is attracting leading global multinationals in technology and e-commerce to the Indian market.
By 2030, 1.1 billion people in India will have internet access, more than doubling from the estimated 500 million internet users in 2020. The rapid growth of e-commerce and the shift to 4G and 5G smartphone technology will boost home-grown unicorns.
The large increase in FDI inflows to India that has been evident over the past five years is also continuing with strong momentum evident even during the pandemic years of 2020-2022.
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India to be one of world's fastest growing economies over next decade
The rapidly growing Indian domestic consumer market as well as its large industrial sector have made India an increasingly important investment destination for a wide range of multinationals in many sectors, including manufacturing, infrastructure and services, the report said.
The digital transformation of India that is currently underway is expected to accelerate the growth of e-commerce, changing the retail consumer market landscape over the next decade. This is attracting leading global multinationals in technology and e-commerce to the Indian market.
By 2030, 1.1 billion people in India will have internet access, more than doubling from the estimated 500 million internet users in 2020. The rapid growth of e-commerce and the shift to 4G and 5G smartphone technology will boost home-grown unicorns.
The large increase in FDI inflows to India that has been evident over the past five years is also continuing with strong momentum evident even during the pandemic years of 2020-2022.
India's strong FDI inflows have been boosted by large inflows of investments from global technology MNCs such as Google and Facebook that are attracted to India's large, fast-growing domestic consumer market, as well as a strong upturn in foreign direct investment inflows from manufacturing firms.
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India to be one of world's fastest growing economies over next decade
This is attracting leading global multinationals in technology and e-commerce to the Indian market.
By 2030, 1.1 billion people in India will have internet access, more than doubling from the estimated 500 million internet users in 2020. The rapid growth of e-commerce and the shift to 4G and 5G smartphone technology will boost home-grown unicorns.
The large increase in FDI inflows to India that has been evident over the past five years is also continuing with strong momentum evident even during the pandemic years of 2020-2022.
India's strong FDI inflows have been boosted by large inflows of investments from global technology MNCs such as Google and Facebook that are attracted to India's large, fast-growing domestic consumer market, as well as a strong upturn in foreign direct investment inflows from manufacturing firms.
Overall, India is expected to continue to be one of the world's fastest growing economies over the next decade.
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India to be one of world's fastest growing economies over next decade
This is attracting leading global multinationals in technology and e-commerce to the Indian market.
By 2030, 1.1 billion people in India will have internet access, more than doubling from the estimated 500 million internet users in 2020. The rapid growth of e-commerce and the shift to 4G and 5G smartphone technology will boost home-grown unicorns.
The large increase in FDI inflows to India that has been evident over the past five years is also continuing with strong momentum evident even during the pandemic years of 2020-2022.
India's strong FDI inflows have been boosted by large inflows of investments from global technology MNCs such as Google and Facebook that are attracted to India's large, fast-growing domestic consumer market, as well as a strong upturn in foreign direct investment inflows from manufacturing firms.
Overall, India is expected to continue to be one of the world's fastest growing economies over the next decade. This will make India one of the most important long-term growth markets for multinationals in a wide range of industries, including manufacturing industries such as autos, electronics and chemicals to services industries such as banking, insurance, asset management, health care and information technology, it added.
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India to be one of world's fastest growing economies over next decade
The large increase in FDI inflows to India that has been evident over the past five years is also continuing with strong momentum evident even during the pandemic years of 2020-2022.
India's strong FDI inflows have been boosted by large inflows of investments from global technology MNCs such as Google and Facebook that are attracted to India's large, fast-growing domestic consumer market, as well as a strong upturn in foreign direct investment inflows from manufacturing firms.
Overall, India is expected to continue to be one of the world's fastest growing economies over the next decade. This will make India one of the most important long-term growth markets for multinationals in a wide range of industries, including manufacturing industries such as autos, electronics and chemicals to services industries such as banking, insurance, asset management, health care and information technology, it added.
Brahma Chellaney, professor of strategic studies at the New Delhi-based Center for Policy Research, wrote in a recent article that as India's geopolitical, economic and cultural clout grows, so does its global footprint.
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India to be one of world's fastest growing economies over next decade
India's strong FDI inflows have been boosted by large inflows of investments from global technology MNCs such as Google and Facebook that are attracted to India's large, fast-growing domestic consumer market, as well as a strong upturn in foreign direct investment inflows from manufacturing firms.
Overall, India is expected to continue to be one of the world's fastest growing economies over the next decade. This will make India one of the most important long-term growth markets for multinationals in a wide range of industries, including manufacturing industries such as autos, electronics and chemicals to services industries such as banking, insurance, asset management, health care and information technology, it added.
Brahma Chellaney, professor of strategic studies at the New Delhi-based Center for Policy Research, wrote in a recent article that as India's geopolitical, economic and cultural clout grows, so does its global footprint. China's “decline,” as some have begun to call the conclusion of the country's four-decade-long economic boom, opens new opportunities for the Indian economy and other developing and emerging countries.
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35273
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India to be one of world's fastest growing economies over next decade
Overall, India is expected to continue to be one of the world's fastest growing economies over the next decade. This will make India one of the most important long-term growth markets for multinationals in a wide range of industries, including manufacturing industries such as autos, electronics and chemicals to services industries such as banking, insurance, asset management, health care and information technology, it added.
Brahma Chellaney, professor of strategic studies at the New Delhi-based Center for Policy Research, wrote in a recent article that as India's geopolitical, economic and cultural clout grows, so does its global footprint. China's “decline,” as some have begun to call the conclusion of the country's four-decade-long economic boom, opens new opportunities for the Indian economy and other developing and emerging countries.
Earlier this year, India reached another milestone when its population officially surpassed that of China, which had been the world's most populous country for more than 300 years.
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India to be one of world's fastest growing economies over next decade
Overall, India is expected to continue to be one of the world's fastest growing economies over the next decade. This will make India one of the most important long-term growth markets for multinationals in a wide range of industries, including manufacturing industries such as autos, electronics and chemicals to services industries such as banking, insurance, asset management, health care and information technology, it added.
Brahma Chellaney, professor of strategic studies at the New Delhi-based Center for Policy Research, wrote in a recent article that as India's geopolitical, economic and cultural clout grows, so does its global footprint. China's “decline,” as some have begun to call the conclusion of the country's four-decade-long economic boom, opens new opportunities for the Indian economy and other developing and emerging countries.
Earlier this year, India reached another milestone when its population officially surpassed that of China, which had been the world's most populous country for more than 300 years.
While China's shrinking, rapidly aging population is likely to impede economic growth and may curtail its geopolitical ambitions, India -- one of the world's youngest countries, with a median age of 28.2 -- is poised to reap a huge demographic dividend, the article said.
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35275
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India to be one of world's fastest growing economies over next decade
Brahma Chellaney, professor of strategic studies at the New Delhi-based Center for Policy Research, wrote in a recent article that as India's geopolitical, economic and cultural clout grows, so does its global footprint. China's “decline,” as some have begun to call the conclusion of the country's four-decade-long economic boom, opens new opportunities for the Indian economy and other developing and emerging countries.
Earlier this year, India reached another milestone when its population officially surpassed that of China, which had been the world's most populous country for more than 300 years.
While China's shrinking, rapidly aging population is likely to impede economic growth and may curtail its geopolitical ambitions, India -- one of the world's youngest countries, with a median age of 28.2 -- is poised to reap a huge demographic dividend, the article said.
But the driving force behind India's emergence as a major global power is its rapid economic growth.
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35276
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India to be one of world's fastest growing economies over next decade
Brahma Chellaney, professor of strategic studies at the New Delhi-based Center for Policy Research, wrote in a recent article that as India's geopolitical, economic and cultural clout grows, so does its global footprint. China's “decline,” as some have begun to call the conclusion of the country's four-decade-long economic boom, opens new opportunities for the Indian economy and other developing and emerging countries.
Earlier this year, India reached another milestone when its population officially surpassed that of China, which had been the world's most populous country for more than 300 years.
While China's shrinking, rapidly aging population is likely to impede economic growth and may curtail its geopolitical ambitions, India -- one of the world's youngest countries, with a median age of 28.2 -- is poised to reap a huge demographic dividend, the article said.
But the driving force behind India's emergence as a major global power is its rapid economic growth. While India's gross domestic product is still smaller than China's, the country is currently the world's fastest-growing major economy and is projected to account for 12.9 per cent of global growth over the next five years, surpassing the United States' 11.3 per cent share, the article said.
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India to be one of world's fastest growing economies over next decade
Earlier this year, India reached another milestone when its population officially surpassed that of China, which had been the world's most populous country for more than 300 years.
While China's shrinking, rapidly aging population is likely to impede economic growth and may curtail its geopolitical ambitions, India -- one of the world's youngest countries, with a median age of 28.2 -- is poised to reap a huge demographic dividend, the article said.
But the driving force behind India's emergence as a major global power is its rapid economic growth. While India's gross domestic product is still smaller than China's, the country is currently the world's fastest-growing major economy and is projected to account for 12.9 per cent of global growth over the next five years, surpassing the United States' 11.3 per cent share, the article said.
The seventeenth round of the FICCI-IBA survey was carried out for the period January to June 2023.
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India to be one of world's fastest growing economies over next decade
Earlier this year, India reached another milestone when its population officially surpassed that of China, which had been the world's most populous country for more than 300 years.
While China's shrinking, rapidly aging population is likely to impede economic growth and may curtail its geopolitical ambitions, India -- one of the world's youngest countries, with a median age of 28.2 -- is poised to reap a huge demographic dividend, the article said.
But the driving force behind India's emergence as a major global power is its rapid economic growth. While India's gross domestic product is still smaller than China's, the country is currently the world's fastest-growing major economy and is projected to account for 12.9 per cent of global growth over the next five years, surpassing the United States' 11.3 per cent share, the article said.
The seventeenth round of the FICCI-IBA survey was carried out for the period January to June 2023. A total of 24 banks including public sector, private sector and foreign banks participated in the survey.
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India to be one of world's fastest growing economies over next decade
While China's shrinking, rapidly aging population is likely to impede economic growth and may curtail its geopolitical ambitions, India -- one of the world's youngest countries, with a median age of 28.2 -- is poised to reap a huge demographic dividend, the article said.
But the driving force behind India's emergence as a major global power is its rapid economic growth. While India's gross domestic product is still smaller than China's, the country is currently the world's fastest-growing major economy and is projected to account for 12.9 per cent of global growth over the next five years, surpassing the United States' 11.3 per cent share, the article said.
The seventeenth round of the FICCI-IBA survey was carried out for the period January to June 2023. A total of 24 banks including public sector, private sector and foreign banks participated in the survey. These banks together represent about 79 per cent of the banking industry, as classified by asset size.
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India to be one of world's fastest growing economies over next decade
But the driving force behind India's emergence as a major global power is its rapid economic growth. While India's gross domestic product is still smaller than China's, the country is currently the world's fastest-growing major economy and is projected to account for 12.9 per cent of global growth over the next five years, surpassing the United States' 11.3 per cent share, the article said.
The seventeenth round of the FICCI-IBA survey was carried out for the period January to June 2023. A total of 24 banks including public sector, private sector and foreign banks participated in the survey. These banks together represent about 79 per cent of the banking industry, as classified by asset size.
The Indian economy posted an impressive 7.2 per cent growth in the financial year ended March 2023 and 7.8 per cent in first quarter of current fiscal year.
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35281
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India to be one of world's fastest growing economies over next decade
But the driving force behind India's emergence as a major global power is its rapid economic growth. While India's gross domestic product is still smaller than China's, the country is currently the world's fastest-growing major economy and is projected to account for 12.9 per cent of global growth over the next five years, surpassing the United States' 11.3 per cent share, the article said.
The seventeenth round of the FICCI-IBA survey was carried out for the period January to June 2023. A total of 24 banks including public sector, private sector and foreign banks participated in the survey. These banks together represent about 79 per cent of the banking industry, as classified by asset size.
The Indian economy posted an impressive 7.2 per cent growth in the financial year ended March 2023 and 7.8 per cent in first quarter of current fiscal year. Credit growth also continued to rise, signalling robust demand conditions in the Indian economy, as well as banks' improved appetite towards retail borrowers.
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India to be one of world's fastest growing economies over next decade
While India's gross domestic product is still smaller than China's, the country is currently the world's fastest-growing major economy and is projected to account for 12.9 per cent of global growth over the next five years, surpassing the United States' 11.3 per cent share, the article said.
The seventeenth round of the FICCI-IBA survey was carried out for the period January to June 2023. A total of 24 banks including public sector, private sector and foreign banks participated in the survey. These banks together represent about 79 per cent of the banking industry, as classified by asset size.
The Indian economy posted an impressive 7.2 per cent growth in the financial year ended March 2023 and 7.8 per cent in first quarter of current fiscal year. Credit growth also continued to rise, signalling robust demand conditions in the Indian economy, as well as banks' improved appetite towards retail borrowers.
The health of the banking sector has witnessed an encouraging turnaround, marked by healthier bank balance sheets and gross NPA ratio at a decade low.
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35283
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India to be one of world's fastest growing economies over next decade
The seventeenth round of the FICCI-IBA survey was carried out for the period January to June 2023. A total of 24 banks including public sector, private sector and foreign banks participated in the survey. These banks together represent about 79 per cent of the banking industry, as classified by asset size.
The Indian economy posted an impressive 7.2 per cent growth in the financial year ended March 2023 and 7.8 per cent in first quarter of current fiscal year. Credit growth also continued to rise, signalling robust demand conditions in the Indian economy, as well as banks' improved appetite towards retail borrowers.
The health of the banking sector has witnessed an encouraging turnaround, marked by healthier bank balance sheets and gross NPA ratio at a decade low.
The survey findings show that long term credit demand has seen continued growth in sectors such as Infrastructure, textiles and chemicals. food processing and metals.
Iron & steel have also witnessed accelerated long-term loan disbursements in the past six months.
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35284
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India to be one of world's fastest growing economies over next decade
A total of 24 banks including public sector, private sector and foreign banks participated in the survey. These banks together represent about 79 per cent of the banking industry, as classified by asset size.
The Indian economy posted an impressive 7.2 per cent growth in the financial year ended March 2023 and 7.8 per cent in first quarter of current fiscal year. Credit growth also continued to rise, signalling robust demand conditions in the Indian economy, as well as banks' improved appetite towards retail borrowers.
The health of the banking sector has witnessed an encouraging turnaround, marked by healthier bank balance sheets and gross NPA ratio at a decade low.
The survey findings show that long term credit demand has seen continued growth in sectors such as Infrastructure, textiles and chemicals. food processing and metals.
Iron & steel have also witnessed accelerated long-term loan disbursements in the past six months. Infrastructure is witnessing an increase in credit flow with 67 per cent of the respondents indicating an increase in long-term loans as against 57 per cent in the previous round.
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35285
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India to be one of world's fastest growing economies over next decade
These banks together represent about 79 per cent of the banking industry, as classified by asset size.
The Indian economy posted an impressive 7.2 per cent growth in the financial year ended March 2023 and 7.8 per cent in first quarter of current fiscal year. Credit growth also continued to rise, signalling robust demand conditions in the Indian economy, as well as banks' improved appetite towards retail borrowers.
The health of the banking sector has witnessed an encouraging turnaround, marked by healthier bank balance sheets and gross NPA ratio at a decade low.
The survey findings show that long term credit demand has seen continued growth in sectors such as Infrastructure, textiles and chemicals. food processing and metals.
Iron & steel have also witnessed accelerated long-term loan disbursements in the past six months. Infrastructure is witnessing an increase in credit flow with 67 per cent of the respondents indicating an increase in long-term loans as against 57 per cent in the previous round.
The survey suggests that the outlook on expectation on growth of non-food industry credit over next six months is optimistic with 42 per cent of the participating banks expecting non-food industry credit growth to be above 12 per cent (as compared to 36 per cent in the previous round).
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India to be one of world's fastest growing economies over next decade
Credit growth also continued to rise, signalling robust demand conditions in the Indian economy, as well as banks' improved appetite towards retail borrowers.
The health of the banking sector has witnessed an encouraging turnaround, marked by healthier bank balance sheets and gross NPA ratio at a decade low.
The survey findings show that long term credit demand has seen continued growth in sectors such as Infrastructure, textiles and chemicals. food processing and metals.
Iron & steel have also witnessed accelerated long-term loan disbursements in the past six months. Infrastructure is witnessing an increase in credit flow with 67 per cent of the respondents indicating an increase in long-term loans as against 57 per cent in the previous round.
The survey suggests that the outlook on expectation on growth of non-food industry credit over next six months is optimistic with 42 per cent of the participating banks expecting non-food industry credit growth to be above 12 per cent (as compared to 36 per cent in the previous round).
Rajan Jain, Head, Credit Research, SBI Caps, said in a note that whether the yield curve dynamics mean the US is moving to a structurally higher-rate economy vs.
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35287
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India to be one of world's fastest growing economies over next decade
The survey findings show that long term credit demand has seen continued growth in sectors such as Infrastructure, textiles and chemicals. food processing and metals.
Iron & steel have also witnessed accelerated long-term loan disbursements in the past six months. Infrastructure is witnessing an increase in credit flow with 67 per cent of the respondents indicating an increase in long-term loans as against 57 per cent in the previous round.
The survey suggests that the outlook on expectation on growth of non-food industry credit over next six months is optimistic with 42 per cent of the participating banks expecting non-food industry credit growth to be above 12 per cent (as compared to 36 per cent in the previous round).
Rajan Jain, Head, Credit Research, SBI Caps, said in a note that whether the yield curve dynamics mean the US is moving to a structurally higher-rate economy vs. post GFC normal remains a moot question, with important implications for investment demand and system risk.
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35288
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India to be one of world's fastest growing economies over next decade
The survey findings show that long term credit demand has seen continued growth in sectors such as Infrastructure, textiles and chemicals. food processing and metals.
Iron & steel have also witnessed accelerated long-term loan disbursements in the past six months. Infrastructure is witnessing an increase in credit flow with 67 per cent of the respondents indicating an increase in long-term loans as against 57 per cent in the previous round.
The survey suggests that the outlook on expectation on growth of non-food industry credit over next six months is optimistic with 42 per cent of the participating banks expecting non-food industry credit growth to be above 12 per cent (as compared to 36 per cent in the previous round).
Rajan Jain, Head, Credit Research, SBI Caps, said in a note that whether the yield curve dynamics mean the US is moving to a structurally higher-rate economy vs. post GFC normal remains a moot question, with important implications for investment demand and system risk.
These movements have had a cascading effect on global economies, which have seen routs in their respective bond markets, besides a fresh round of currency depreciation.
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35289
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India to be one of world's fastest growing economies over next decade
Iron & steel have also witnessed accelerated long-term loan disbursements in the past six months. Infrastructure is witnessing an increase in credit flow with 67 per cent of the respondents indicating an increase in long-term loans as against 57 per cent in the previous round.
The survey suggests that the outlook on expectation on growth of non-food industry credit over next six months is optimistic with 42 per cent of the participating banks expecting non-food industry credit growth to be above 12 per cent (as compared to 36 per cent in the previous round).
Rajan Jain, Head, Credit Research, SBI Caps, said in a note that whether the yield curve dynamics mean the US is moving to a structurally higher-rate economy vs. post GFC normal remains a moot question, with important implications for investment demand and system risk.
These movements have had a cascading effect on global economies, which have seen routs in their respective bond markets, besides a fresh round of currency depreciation.
Emerging market economies with large volumes of USD denominated debt are especially vulnerable as they could be caught in a vicious circle of their external debt (in local currency terms) ballooning due to strong DXY and their servicing ability being impaired by tepid economic activity owing to high rates.
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India to be one of world's fastest growing economies over next decade
Rajan Jain, Head, Credit Research, SBI Caps, said in a note that whether the yield curve dynamics mean the US is moving to a structurally higher-rate economy vs. post GFC normal remains a moot question, with important implications for investment demand and system risk.
These movements have had a cascading effect on global economies, which have seen routs in their respective bond markets, besides a fresh round of currency depreciation.
Emerging market economies with large volumes of USD denominated debt are especially vulnerable as they could be caught in a vicious circle of their external debt (in local currency terms) ballooning due to strong DXY and their servicing ability being impaired by tepid economic activity owing to high rates. Even advanced economies have felt the heat, and the ECB etc. have maintained a hawkish narrative, Jain said.
Another developing story seems to be the greenshoots of recovery in China backed by domestic consumption in the Golden week, and tourism related to the Asian Games.
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35291
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India to be one of world's fastest growing economies over next decade
post GFC normal remains a moot question, with important implications for investment demand and system risk.
These movements have had a cascading effect on global economies, which have seen routs in their respective bond markets, besides a fresh round of currency depreciation.
Emerging market economies with large volumes of USD denominated debt are especially vulnerable as they could be caught in a vicious circle of their external debt (in local currency terms) ballooning due to strong DXY and their servicing ability being impaired by tepid economic activity owing to high rates. Even advanced economies have felt the heat, and the ECB etc. have maintained a hawkish narrative, Jain said.
Another developing story seems to be the greenshoots of recovery in China backed by domestic consumption in the Golden week, and tourism related to the Asian Games. For now, these seem to buttressed on stimulus and base effects as China is now fully open.
The long-term trajectory remains to be seen. In any case, for now this has provided a floor for commodity prices, especially base metals.
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35292
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India to be one of world's fastest growing economies over next decade
These movements have had a cascading effect on global economies, which have seen routs in their respective bond markets, besides a fresh round of currency depreciation.
Emerging market economies with large volumes of USD denominated debt are especially vulnerable as they could be caught in a vicious circle of their external debt (in local currency terms) ballooning due to strong DXY and their servicing ability being impaired by tepid economic activity owing to high rates. Even advanced economies have felt the heat, and the ECB etc. have maintained a hawkish narrative, Jain said.
Another developing story seems to be the greenshoots of recovery in China backed by domestic consumption in the Golden week, and tourism related to the Asian Games. For now, these seem to buttressed on stimulus and base effects as China is now fully open.
The long-term trajectory remains to be seen. In any case, for now this has provided a floor for commodity prices, especially base metals. Fickle commodity prices will also be victims of fresh geopolitical tensions in West Asia, which has pushed up Brent crude.
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35293
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India to be one of world's fastest growing economies over next decade
Emerging market economies with large volumes of USD denominated debt are especially vulnerable as they could be caught in a vicious circle of their external debt (in local currency terms) ballooning due to strong DXY and their servicing ability being impaired by tepid economic activity owing to high rates. Even advanced economies have felt the heat, and the ECB etc. have maintained a hawkish narrative, Jain said.
Another developing story seems to be the greenshoots of recovery in China backed by domestic consumption in the Golden week, and tourism related to the Asian Games. For now, these seem to buttressed on stimulus and base effects as China is now fully open.
The long-term trajectory remains to be seen. In any case, for now this has provided a floor for commodity prices, especially base metals. Fickle commodity prices will also be victims of fresh geopolitical tensions in West Asia, which has pushed up Brent crude. Food prices could also play truant with climate change affecting cropping area worldwide: sugar and rice prices are booming, the note said.
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35294
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India to be one of world's fastest growing economies over next decade
Even advanced economies have felt the heat, and the ECB etc. have maintained a hawkish narrative, Jain said.
Another developing story seems to be the greenshoots of recovery in China backed by domestic consumption in the Golden week, and tourism related to the Asian Games. For now, these seem to buttressed on stimulus and base effects as China is now fully open.
The long-term trajectory remains to be seen. In any case, for now this has provided a floor for commodity prices, especially base metals. Fickle commodity prices will also be victims of fresh geopolitical tensions in West Asia, which has pushed up Brent crude. Food prices could also play truant with climate change affecting cropping area worldwide: sugar and rice prices are booming, the note said.
In this challenging environment, Indian real GDP growth, estimated to be 6.2 per cent y/y in real terms in FY24, is resilient. High frequency indicators suggest strong construction and infrastructure activity, and soaring urban demand.
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35295
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India to be one of world's fastest growing economies over next decade
have maintained a hawkish narrative, Jain said.
Another developing story seems to be the greenshoots of recovery in China backed by domestic consumption in the Golden week, and tourism related to the Asian Games. For now, these seem to buttressed on stimulus and base effects as China is now fully open.
The long-term trajectory remains to be seen. In any case, for now this has provided a floor for commodity prices, especially base metals. Fickle commodity prices will also be victims of fresh geopolitical tensions in West Asia, which has pushed up Brent crude. Food prices could also play truant with climate change affecting cropping area worldwide: sugar and rice prices are booming, the note said.
In this challenging environment, Indian real GDP growth, estimated to be 6.2 per cent y/y in real terms in FY24, is resilient. High frequency indicators suggest strong construction and infrastructure activity, and soaring urban demand.
Manufacturing production has been unusually strong in Q2FY24, especially in infrastructure-oriented structures such as cement and steel.
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35296
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India to be one of world's fastest growing economies over next decade
For now, these seem to buttressed on stimulus and base effects as China is now fully open.
The long-term trajectory remains to be seen. In any case, for now this has provided a floor for commodity prices, especially base metals. Fickle commodity prices will also be victims of fresh geopolitical tensions in West Asia, which has pushed up Brent crude. Food prices could also play truant with climate change affecting cropping area worldwide: sugar and rice prices are booming, the note said.
In this challenging environment, Indian real GDP growth, estimated to be 6.2 per cent y/y in real terms in FY24, is resilient. High frequency indicators suggest strong construction and infrastructure activity, and soaring urban demand.
Manufacturing production has been unusually strong in Q2FY24, especially in infrastructure-oriented structures such as cement and steel. Power supply grew vastly in Q2 after a tepid Q1, helped by a dry August 2023 and buzzing industrial activity.
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35297
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India to be one of world's fastest growing economies over next decade
For now, these seem to buttressed on stimulus and base effects as China is now fully open.
The long-term trajectory remains to be seen. In any case, for now this has provided a floor for commodity prices, especially base metals. Fickle commodity prices will also be victims of fresh geopolitical tensions in West Asia, which has pushed up Brent crude. Food prices could also play truant with climate change affecting cropping area worldwide: sugar and rice prices are booming, the note said.
In this challenging environment, Indian real GDP growth, estimated to be 6.2 per cent y/y in real terms in FY24, is resilient. High frequency indicators suggest strong construction and infrastructure activity, and soaring urban demand.
Manufacturing production has been unusually strong in Q2FY24, especially in infrastructure-oriented structures such as cement and steel. Power supply grew vastly in Q2 after a tepid Q1, helped by a dry August 2023 and buzzing industrial activity.
Both the Union and States have front ended capex in H1FY24, and this remains the engine of expansion.
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35298
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India to be one of world's fastest growing economies over next decade
In any case, for now this has provided a floor for commodity prices, especially base metals. Fickle commodity prices will also be victims of fresh geopolitical tensions in West Asia, which has pushed up Brent crude. Food prices could also play truant with climate change affecting cropping area worldwide: sugar and rice prices are booming, the note said.
In this challenging environment, Indian real GDP growth, estimated to be 6.2 per cent y/y in real terms in FY24, is resilient. High frequency indicators suggest strong construction and infrastructure activity, and soaring urban demand.
Manufacturing production has been unusually strong in Q2FY24, especially in infrastructure-oriented structures such as cement and steel. Power supply grew vastly in Q2 after a tepid Q1, helped by a dry August 2023 and buzzing industrial activity.
Both the Union and States have front ended capex in H1FY24, and this remains the engine of expansion. Capital expenditure was up 48 per cent y/y for the Union in the same period.
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India to be one of world's fastest growing economies over next decade
Fickle commodity prices will also be victims of fresh geopolitical tensions in West Asia, which has pushed up Brent crude. Food prices could also play truant with climate change affecting cropping area worldwide: sugar and rice prices are booming, the note said.
In this challenging environment, Indian real GDP growth, estimated to be 6.2 per cent y/y in real terms in FY24, is resilient. High frequency indicators suggest strong construction and infrastructure activity, and soaring urban demand.
Manufacturing production has been unusually strong in Q2FY24, especially in infrastructure-oriented structures such as cement and steel. Power supply grew vastly in Q2 after a tepid Q1, helped by a dry August 2023 and buzzing industrial activity.
Both the Union and States have front ended capex in H1FY24, and this remains the engine of expansion. Capital expenditure was up 48 per cent y/y for the Union in the same period. Reports suggest capex of major states was also up 45 per cent y/y in 5MFY24.
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