1. The Need For Banks & NBFCs Is The Feed For Country’s Growth
Brining efficiency to country’s finances will require new entrants and newer tech to mould old systems. While planning expenditure is a good 1st step, prioritizing it is the next needed step as spending levels were akin to H1FY20 levels, owing to curbs applied to many departments.
Covid 19 continues to be bearer of bad news. Causing shockwaves across the world, India’s GDP correction reflects economic infections. Like before, reforms are being merited as economical vaccine, with individuals and institutions awaiting govt.’s possible Relief package 2.0 announcement between October-November 2020.
2. Economic Eagle Is Flying Regal
India turned COVID-19 crisis into opportunity via expediting decades worth of economic reforms. Organization and financialization of sectors with divestment and increased capex budgets to fill spending buffers has put India ahead of its peers in coming out stronger, than it was going in.
In making Co-vid becoming Go-vid, India assigns packages and policies with direct and indirect benefits to drive key economic indicators in the present and near future. Playing to its strengths in demography, ‘local maker – global seller’, approach and looser spending budget will help India contain the contaminator and expedite the adoption of New Normal.
3. Infrastructure To Structure India’s Growth
India’s mood to make vision is seeing wallet follow through as Govt works on bank-rolling the massive 100 Lakh Crore+ Infra plan announced in recent past. With Rs.6,000 Cr raised via bonds, NIIF aims to target raising Rs. 1.1 Lakh Crore by 2025 to help immunize India to current scenarios
The world’s largest vaccine maker looks to scale-up infrastructure via spending monies in near-&-long terms. India continues to overwhelm its resource utilization capacity by being more resource-rich in every nook. In attempting to make Co-vid become Go-vid, country gears up to grow a heavy consumption – capex – employment vertical to breathe new confidence into currently underconfident economic growth parameters.
4. Economy To Expedite In Coming Times
India to observe 2nd consecutive negative growth quarter, pushing it into recession… but (importantly) on its own admission. The Relief Package’s priority on manufacturing and job creation, has merited revising estimates on upside. Agencies like RBI, Morgan Stanley, BoA, ICRA, Care, etc. expect India to deliver in the positive sooner than soon. Same Sentiment reflected by FII monthly net buy volume at Rs.45K Cr – more than in last 2 years.
The rage of Virus and Volatilities in international markets coupled with India’s 2020 tactics to tackle 2020 issues, is bearing fruit as individuals and institutions acknowledge India’s growth trajectory. Shifting from Covid-19 to Go-vid 21, has growth drivers putting the pedal to the metal. Revision in estimates show rejuvenation of their belief in India today and its economic aspirations in the years to come.
5. G20 Meet & Greet Gives India A Positive Report Card
Economic Multilateralism and National Capacity Building will help nations recover from covid disruptions. Export and Demography prowess coupled with like-minded policies and practices can make India the hotspot for investments the world-over, thus kick-starting a global recovery from home.
Coming out of trouble bubble has boosted India’s efforts to become the supreme everything-maker as much as it has set back its abilities to do so. In expedition of New Normal, the country is quick to adapting and improvising on current challenges to make them future opportunities for growth.
