Perspective on the Impact of GST reforms on India`s Economy, Equity Market and sectors by Ashwini Shami, President and Chief Portfolio Manager at OmniScience Capital
Below the Perspective on the Impact of GST reforms on India`s Economy, Equity Market and sectors by Ashwini Shami, President and Chief Portfolio Manager at OmniScience Capital
“GST Reforms and Rating Upgrade indicate the strength of the Indian economy, fiscal stability and continued growth potential. In line with the Amrit Kaal vision of sustained investments in growth assets, the rating upgrade note highlighted improved quality of government spending in capex related to infrastructure. Big cuts in the GST rates are expected to boost the consumption further. After the income tax cut and lower interest rates, this comes as the third stimulus to the consumption growth this year. We see these as positives on banks and housing finance companies expected to benefit from consumption boom. We also remain positive on key infrastructure players such as Power, EPC, Railways & Logistics as the government continues its push to strengthen infra while maintaining fiscal discipline. We remain cautious on consumer durables and FMCG names on the valuation front.”
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