Countries with a large informal sector benefit the most from reform
The current momentum can lead to a virtuous cycle provided an equally serious look is taken at attracting big-ticket investment in infrastructure, post the tax cut
The banks being merged have been losing deposit and credit market share and any improvement in the near term is unlikely
Substitution of a large part of our import basket by indigenous manufacturing and attracting FDI in select large projects with predictable return could kickstart a virtuous cycle
In effect, the current rate decision is not a start of a series of policy rate cuts which normally accompany severe economic slowdown or a recession.
This Budget is unlikely to occupy the mindspace of the markets for long. In a range-bound market that clearly has more downside than upside, and with valuations not cheap, the hunt for quality is important.
Companies which are deploying internal accruals such as cost savings or utilising super normal profit from other product groups are clear favourites
A Budget brings with it lots of investment opportunities. The one for 2019-20 is no different. Get, set and go!
In light of recent global central bank’s monetary accommodation and fragile global growth, investors need to be selective about stocks and sectors