Towards Optimism and Stability..
The financial year 2016 has been an experimental year, Nationally and Internationally. For the whole year, there were uncertainties, surprises and some shocks too. When, deteriorating financial numbers of economies like China, Japan, Russia and Brazil gave shock-waves to the world then, Brexit and Donald Trump’s victory came as complete surprise.
But, despite all this, India stood firm to all vagaries. In aid to consistent reforms, it became the fastest growing economy in the world. Substantial increase in the number of Foreign Direct Investment reflected optimism around the world regarding India. The government also raised Rs. 46,247 crore through divestment in 2016-17, which is the highest amount raised through disinvestment in a fiscal ever. Even after imposing a disastrous “currency reform” the ruling party past month registered an astounding victory in assembly polls in five states. The verdict is affirmation from the public for government’s policy measures and reforms. But, with power comes responsibility. The result has further strengthened the ruling party’s influence in both the houses.
All eyes are now on GST that will ultimately boost growth even further by cutting down cascading taxes. We should stay positive about the future as India is on its growth trajectory. The stars are aligning for India and still, a lot remains to be done to achieve better stability and growth in this financial year.
Through Investors India every month, we hope to give advice that may help you make better financial decisions and choices among various funds available in market. Keeping with the tradition, this month, our cover story is on Balanced Funds that will give an insight on how, with a small amount, you can get exposure to both equities and debt and simultaneously enjoy the advantage of asset allocation. Also, if you have interest in Mutual funds, do read the benefits of staying focused and keeping the SIP running whether the markets are high or low. Awareness is the key to fight Osteoporosis. Do read our Lifestyle Section and find out how you can keep your bones strong and intact always.
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!