January 12, 2016 by BizWhiz Admin in Blog, General 0 comments 1936

1. Fastest growing (big) economy in the world in 2015, 2016

  • World average: 2.4%
  • Emerging & developing economies : 4.3% – 4.7%10 Reasons to be Bullish about India
  • China : 6.0% – 6.3%
  • India : 7.5%

2. Falling Commodity and Crude prices – Boon to India

  • Crude oil to copper prices have dropped sending shock waves to Russia, Brazil,
    Australia, South Africa, Middle East.
  • India’s import bill is shrinking
  • Reduce our demand for dollars
  • Repair the trade deficit.
  • Govt. spending can go up

3. Control of Inflation

  • WPI : Negative 4.9%
  • CPI : 3.8%
  • Unleash spending power for consumers

4. Rebooting of Inclusion

  • Jan Dhan Yojana / Jan Suraksha Yojana, schemes have ushered crores of poor and
    disadvantaged Indians into the formal financial system.
  • Relieve them from money lenders and unscrupulous Ponzi schemes.
  • 18.2 crore Indians with bank accounts and 15.9 cr with RuPay debit cards.

5. Reduced Subsidy

  • 4% of country’s GDP is in subsidies i.e about Rs 3,78,000 crores.
  • Wastage, corruption, leakages gobbled lion’s share.
  • Petrol, diesel linked to market prices.
  • LPG subsidy by direct benefit transfer (DBT).
  • Give up subsidy schemes.
  • Move to shift Fertilizer subsidy and PDS to DBT.

6. Pension Fix

  • India’s massive retirement supply challenge is being addressed.
  • More people in EPF net (Rs 6500 to Rs 15000 limit increased)
  • Tweaking of National pension scheme with tax breaks.
  • Atal pension yojana scheme launched.

7. Unearthing the gold hoard

  • Gold imports reduced to $37 billion from $ 56 billion in 2011-12.
  • Gold monetization scheme and Gold Bond scheme introduced.
  • Higher import duty on import of gold.
  • People may shift to paper gold rather than gold bars and coins.

8. Domestic interest in stocks

  • FII’s and global stocks pulled our market .
  • People moving into Domestic equally through mutual funds – record amounts of money
    collected.
  • 25 lakh equity portfolios added in 1 month.
  • EPFO investment of 6.5 lakh crore in equity markets
  • Expect to see domestic savings of $15-16 billion flow into equities every year.

9. Going Digital

  • Roll out of national optic fibre network that will connect 2.5 lakh gram panchayats to high
    speed digital highway.
  • Making available internet to Aam Aadmi.
  • Direct benefits to citizen curbing corruption & bureaucracy.
  • Payment banks.
  • Move up the 20% of population using internet to over 50 – 60% in China,Brazil &Russia.

10. Efficiency & effectiveness of Indian law enforcement.

  • Action against Sahara group.
  • Shutting down Ponzi schemes.
  • Pulling up of banks by RBI.
  • More reforms on interest protection.

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