Indian economy struggled for the last 5 years &
impacted the overall project of India. Post NDA government at the center and
subsequent slew of policy reform inflicted positive waves within the economy.
The stringent control on black money movement and management forced many
businesses to release the hoarded corps which impacted the CPI, WPI. Based on
the recent data CPI, WPI is on the downward spiral whereas IIP numbers are on
the upswing. Government managed the core infrastructure sector in an
articulated way and announced an investment of more than $30 Bn to kick start
cascading industry. The additional duty imposition on rolling steel products
from china is just a testimony of government move to protect the fair business
practices and give a message to countries believes in dumping.
The auto industry showed remarkable recovery whereas
cement sector is in upswing. The trend of buying pattern on both online and
offline indicate that Indian consumer and business confidence factors are
coming back.
The good monsoon also provided added leg as consumer
durable and white goods sector witnessed good growth.
The comment from rating agencies regarding GDP growth
is encouraging. The most important factor is Indian oil basket cost which is
pretty low and government is generating additional revenue which they are
diverting to social related project.
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