News Analysis

Pulkit Kaura 2127621

 PhonePe Acquires B2B Marketplace GigIndia

• GigIndia has a network of 1.5 million entrepreneurs. GigIndia has over 100 enterprises as
customers.
• According to PhonePe, the acquisition will help it leverage freelancers on GigIndia’s
platform and provide corporates and enterprises with blue collar workforce for on-ground
customer acquisition sales and distribution.
• PhonePe will also on-board GigIndia’s over 50-member team.
• PhonePe is eyeing further 2-3 acquisitions this year to boost its financial and tech platform
play.
 Zomato Gets Set for 10-minute Delivery
• Zomato will launch 10-minute instant delivery which will be located near high-demand
customer neighbourhoods.
• Sophisticated dish-level demand prediction algorithms and future ready in-station
robotics are employed.
• Zomato has committed 400 million to grow the quick-commerce category in India.
• Zomato is in talks to merge with ultra-fast grocery delivery startup Blinkit.
 RBI will ensure enough liquidity to support Biz

• India won’t breach 6% Consumer Price Inflation threshold.

• RBI will ensure abundant liquidity to support businesses even as Mint
Road’s crisis-era measures are coming to an end.
• Indian growth projection is 8.9% for the current year. The factor of
Ukraine crisis will be very marginal.
Why more Indians are now growing abroad with
investments
•There has been a sudden burst in amounts being remitted, at an astounding growth rate of close to
80% year-on-year.
•While travel, education and maintenance of close relatives are the categories that dominate the
composition of funds remitted, capital account transactions — like remittance for investments and
deposits — have been consistent throughout. In these abnormal times, remittances have indeed
reduced but remittances for investments have continued the upward trend.
•When it comes to global investments, passively managed exchange traded funds (ETFs) are the
most efficient way to invest in equities.
Russia-Ukraine war throwing up opportunities
for investors in 4 sectors.
• The supply-chain crisis and trade shocks due to Russia’s invasion of Ukraine will lead to
a huge rise in inflation over 6 to 8 months.
• The continuing conflict is expected to have further adverse effects on economic growth
and inflation. The annual inflation rate soared to 6.01% in January 2022, a 7-month high.
• India’s tourism sector could gain from the sanctions. It might become a transit hub for
Russian citizens, boosting the airline industry. With rising gold prices, India can expect a
huge wealth effect. As the world’s second-biggest consumer of gold, after China, India’s
gold could become the source of future capital reserves for investment and growth.