Financial Health Report Card Of India

When an elephant runs, it looks as if its walking at a high speed similarly, India’s Elephantine economy, which previously looked as if slowing down due to implication of GST & DeMo, was actually becoming more robust and stable. It picked up the pace in the last quarter of 2017 and has now gained the same momentum. The elephant is gradually becoming enormous in size and is trumpeting out loud to the world that it is soon going to replace major economies from the frontline.

India is exigent when we talk about future players in the world economy. Stable government, strong economy, favourable demographic, it has all of the ingredients to become a superpower in the future. Major economists around the world confirm it too, , Jim O’Neill, Member of the House of Lords. The economist, who coined the acronym “BRIC”, India could “in principle for the remainder of the first half of this century…be the single most powerful marginal economic entity an important role to play in future, India has the potential to be the most powerful driver of global economic growth in the remainder of the first half of this century.

Post- reforms, there is broad-based revival in the economy. Recently, India has been reported the sixth wealthiest countries with total wealth of USD 8,230 billion, ahead of various developed economies like France, Canada, Australia and Italy.

This years’ annual economic development survey clarifies that the government has decided to put efforts to chaise rainbows. The health card of the economy has opted pink color to emphasize on government’s intention to stress on woman empowerment. The data highlighted another seemingly known fact that Indian society exhibits a strong desire for a male child. It pointed out that most parents continued to have children until they get number of sons. The Economic Survey has indicated better profit expectations, large portfolio allocation away from gold and real estate into stocks & higher interest rates; warrants heightened vigilance

1 Health of the economy stable: