Managing Director of global financial powerhouse, Morgan Stanley and also Head of India Research, Ridham Desai in this authored article exclusively written for DSIJ explains why the Indian growth story continues even after the Union Budget tabled by country's Finance Minister, Arun Jaitley on February 1.
The Budget retains India’s macro stability advantage over its peer group by pursuing the path of fiscal consolidation, gives a boost within that framework to growth by focusing on small and medium enterprises, infrastructure and housing, does not upset the capital markets by changing laws relating to long term capital gains and clarifying on indirect transfer tax for FPIs and gives a major fillip to transparency making concerted effort to reduce the use of cash in the economy. No wonder the market came away feeling good about the Budget despite the lack of a rate cut for the corporate sector or clarity on GAAR. We see the following positives:
Macro stability: The commitment to reduce government debt to GDP from 68% to 60% over the next three years, the fact that India’s primary deficit is almost gone
この記事は Dalal Street Investment Journal の February 19, 2017 版に掲載されています。
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この記事は Dalal Street Investment Journal の February 19, 2017 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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