The progress of the monsoon season will be closely monitored, as it significantly impacts the agricultural sector and overall economic health.
The RBI aligns its policies with global central banks. Whether it will follow the US Fed on interest rate cuts or act first is eagerly awaited. A rate cut could boost the economy.
With the Lok Sabha elections in April-May 2024, India had a vote on account in February, with the main budget in July. The upcoming budget is crucial, especially since the BJP didn't secure a majority.
The upcoming US elections are a key factor influencing the stock market, shaping policies in the world's largest economy and impacting foreign investor decisions on emerging markets.
The US interest rate environment and the 2024 election add uncertainty and potential volatility to markets.