Reforms to Usher Overall Improvemnt
Like, Winston Churchill said ‘To improve is to change; to be perfect is to change often’. And it goes well with the Indian Government that has been a GOVERNMENT OF CHANGE. It is focused to improve in all areas to realize growth targets, steady progress and boost development with its structural reforms.
Recently, the Government announced three new faces in the Monetary Policy Committee (MPC) that will now onwards form the panel along with the RBI Governor, a Deputy Governor and another official. This new panel is formed with the perspective to envision and brainstorm the blueprint of interest rates and to bring more value and transparency to the rate-setting decisions. It is anticipated to usher a revolutionary change to policy making and interest rate.
Till now, the government has already put all of the reforms from the desk to action. And has received commendation for its work around the world. The Asian Development Outlook 2016 presents that India’s economy will remain on a strong growth path this fiscal and clock a growth of 7.4 per cent. It also lifted its forecast for China’s growth this calendar year slightly, to 6.6%, but it still expects India’s economic growth to broadly outpace its neighbors’ through 2017.
Further confidence booster to the government for its economic and business policies is that India has jumped to 39th rank in the World Economic Forum’s Global Competitiveness Index. When most of the countries soared down in comparison to previous year’s rankings, including countries like Hong Kong, Indonesia, Philippines etc., India is the only country to soar 16 spots higher.
Considering the significance of empowering Defense, India has inked a contract with France for the acquisition of 36 Rafale for €7.8bn for the Indian Air Force (IAF). The Rafael deal holds high the colors of Indian Air Force and will give us a combat edge over rivals.
Every month of is a month of progress and we are headed to achieve it further too. Since October is the festive month so, this month, we bring Investors India to help you have financial happiness into your life. A contribution on Dynamic Equity Fund can be an interesting catch for the investors who are looking to invest in equities for the first time. In addition, a must read for all of the credit card holders who swap their credit cards while shopping and making payments online, and are still unaware with the facts they are required to know. Investors India is not only about investment and finance only, for our dedicated readers’ we have our Lifestyle Section, where this month they can read about the Power of Words on our subconscious mind.
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!
