Economy to Surge as Monsoon is in the Air
From Brexit to NSG, the political players remained engaged throughout the previous month in making decisions that were going to change the future forever. On the world desk, when NSG still remains a quest for India, it managed to hop for MCTR membership successfully. Membership to this group will help India trade more effectively in critical high-tech areas.
On the domestic front, the Government has cleared all the roadblocks on the way of the much-awaited 7th pay commission. This approval will hike pay of over a crore government employees and pensioners. The Salaries and allowances will rise by at least 23.5 per, which is definitely going to boost consumption demand and in-turn upsurge growth, if inflation remains under control.
But, as per the past trends, the overall effect of the pay commission implementation has always been positive. And since, post-Brexit the world economy is experiencing rough time, it will be the right decision of the government to introduce 7th pay commission, so that, the domestic demand is improved and India, like always, remains untouched from the turbulence around the world.
Till now, Half of India has received normal rainfall and the second surge, expected in the first week of July, is likely to bring good rains. The impact of good monsoon over the economy will be very healthy and bring overall prosperity. This month’s Investors India, will cover its financial impact.
You can take advantage of reading our Cover Story that has captured comprehensive insight on how some Insurance Plans can earn bonus for you. You can also understand Ulip in detail and become smart in your financial decisions. If you like to remain healthy and fit, go through our Lifestyle Section and learn how an hour spent in Yoga is rewarded with two hours of life span.
Prudent Investing!
GST: Freedom from Archaic Laws
Recently, we accomplished the silver jubilee of our economic liberalization. Year 1991 was the year reforms, a year of inception, when we unbridled our economy of restraint.
With GST Bill we are on our way to re-write the fate of prevailing archaic laws. The GST will perhaps be the single most important reform stimulus since 1991-92. If the bill is passed, 2016 will witness transformation in the Indian Economy.
It will help create a unified market, which would enable seamless movement of goods across states and simultaneously boost production. And therefore, put India’s fiscal system on the cutting edge of the world market economies. 2016 will witness transformation in the Indian Economy.
The world is undergoing turbulences, one after another, but India, however, appears to be much better placed. The dependence on domestic markets is the core reason of being safer but reforms in financial sector by the government and large forex reserves provides additional cushion against any internal and external market volatility.
This month, Investors India presents our readers with International Mutual Funds, a way to diversify a part of your portfolio, globally. The Cover Story of the month will reveal the methods you should follow to achieve complete financial freedom by effortlessly meeting your financial goals. Furthermore, you can also make your health better with tips on healthy liver in our section: Lifestyle Planning.
Wishing You Prosperity!
