India’s Transformation Subsumes Ample Opportunities
The transformation of India presents abundant commercial and investment opportunities. Post demonetization, inflow of funds from domestic investors into stock markets has amplified more than ever. India has surpassed other emerging countries such as China, South Korea and Brazil, this year since January, to become the biggest equity fundraising market. The increased participation from domestic investors in Indian equity markets submits that they optimistic about the future of India.
Government is creating avenues to make country domestically more self-reliant. India is making enormous progresses; the monetization, the goods and services tax (GST), the bankruptcy code, reducing certain regulations has been great. Furthermore, Smart city project is based on providing accommodation along with creating technological infrastructure. This project will not only create world class infrastructure, but will be a major source of job creation also. Government has allotted INR 48,000 crore ($7.2 billion) for first five years and, plans to invest INR 500 crore ($75 million) per city during this period. This plan is projected to providing accommodation to massive urban population, and will fine tune job opportunities that are expected to rise by 10-15%.
Roll-out of GST from July will not only remove cascading taxes, it will also ease various processes. Around the world, the IT sector is in bubble, that is feared to burst. But what is good for India is that we are not dreaded what’s happening outside, as there lies tremendous opportunities within the country. Indian IT companies can be successfully engaged in projects government has proposed, like Smart Cities, e-governance and GST. Every business whether, SMEs & MSMEs, retailers, distributors and manufacturers, will require to reconfigure IT systems, at every level—from procurements to audits and from supply chain flow to vendor management. It is predicted that GST will generate huge business revenues for both small and big IT firms across the country.
July will welcome monsoons and may give more reasons for Indian markets to cheer. Investors India July edition has much more for you too. Deal with changing market scenario by grabbing ideas we bring for you through our Cover Story. You can gain more about fund allocation and current situation from our Interview section, where we have brought in an exclusive session with Sachin Relkar from LIC, especially for you. Our Lifestyle section is dedicated to a special column on Time Management, where you can know how you can manage and gain more out of same 24 hours that you had before.
GST: Freedom from Archaic Laws
Recently, we accomplished the silver jubilee of our economic liberalization. Year 1991 was the year reforms, a year of inception, when we unbridled our economy of restraint.
With GST Bill we are on our way to re-write the fate of prevailing archaic laws. The GST will perhaps be the single most important reform stimulus since 1991-92. If the bill is passed, 2016 will witness transformation in the Indian Economy.
It will help create a unified market, which would enable seamless movement of goods across states and simultaneously boost production. And therefore, put India’s fiscal system on the cutting edge of the world market economies. 2016 will witness transformation in the Indian Economy.
The world is undergoing turbulences, one after another, but India, however, appears to be much better placed. The dependence on domestic markets is the core reason of being safer but reforms in financial sector by the government and large forex reserves provides additional cushion against any internal and external market volatility.
This month, Investors India presents our readers with International Mutual Funds, a way to diversify a part of your portfolio, globally. The Cover Story of the month will reveal the methods you should follow to achieve complete financial freedom by effortlessly meeting your financial goals. Furthermore, you can also make your health better with tips on healthy liver in our section: Lifestyle Planning.
Wishing You Prosperity!
