IGI Logo

"With sound and pathbreaking reforms for making the financial services sector more robust, inclusive, and enhancing foreign participation, the government has clearly laid the roadmap for ‘Viksit Bharat’ vision on track. Though the FPI inflows have still not turned fully green, the announcements made in the Budget last week followed by the Central Bank’s policy release this week has made India back to the forefront as the fastest emerging economies of the world.
 
Despite the macro factors such as fear of potential tariff and trade curbs to be announced by the newly elected US government, rising inflation risk, currency depreciation, trade wars looming around, India is well poised and self - insulated by strong measures and timely rate cut measures taken by the RBI to boost domestic investments and consumption keeping the market buoyancy live.
 
The foreign investors fraternity are all set to take a plunge investing in the India market to get sound, effective net returns from a long-term perspective. The government too has echoed the sentiments by simplifying the tax regime, clarifying anomalies on taxation, extending several tax holidays in IFSC Gift City by another 5 years to keep the door open for them.
 
Inviting 100% FDI in insurance will deepen the budding insurance market with more penetration, competitive policy framework pushing to adopt the global best practices in the insurance sector with the entry of large offshore players. Keeping technology, youth’s skill developments and infrastructure as primary areas to allot capex; the intention is very vivid to take India on being an autonomous nation with long term growth trajectory.
 
Given the volatile, subtle, and unpredictable market events, India still stands grounded well with the government taking all rightful measures to make it ready to face the global economic challenges that lie ahead."

 

 

Above views are of the author and not of the website kindly read disclaimer