India is Entering a Momentous Year
In 2017, India will see the implications of Government’s previous announcements especially the first quarter of the calendar year will be very important as the economy would get to know the full impact of demonetization and introduction of GST. As soon as the economy revives from the ongoing cash crunch, the markets are expected to bounce back due to increased consumption demand. Probabilities of declaration of softer Taxes in the upcoming budget are there, that may help accelerate the momentum of the economy further. The recovery will be fueled by the channeling back of ‘black money’ into the economy for productive deployment, rollout of GST and increased usage of digital payments.
There are series of events that are scheduled in the upcoming year that will reshuffle the face on the geopolitical ground and thereafter impact trade policies. Trump who has till now been the most unpredictable regarding his foreign policies will take over the charge as the President of the world biggest economy. Still concealed that which countries will be in his allies, but some signals from the president-elect makes it evident that China will be on edge while India may avail the benefits. There is an ongoing wave of populism that has procreated de-globalization and regionalization and are influencing French elections too. It can be a breakthrough year for India if US growth and fiscal spending takes off, and Budget strengthens India’s positive spending. Even Finance Minister has commented to make India globally compatible through lower level of taxation.
We hope that it is going to be a bumper year for our economy to catch the fastest pace of growth in the world. The first issue of our monthly magazine Investors India in 2017 opens door to good investment prospects for our readers. The complete scenario of the Indian Economy, the funds you can go for, how real estate is expected to behave and what you need to consider before buying a critical illness plan. Our dedicated readers can enjoy reading our Lifestyle Section and know how our body self-heals itself by its immune system.
Prudent Investing!
K.K.Bajaj
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!
