The year so far has seen India consolidating its position as one of the most attractive investment destination across the globe. From a fundamental perspective things have never been better with all key macroeconomic variables like lower inflation, lower oil prices, falling interest rates, falling subsidy burden and control in fiscal deficit, supporting a strong recovery.
On the policy front, both the Government and the RBI are emphasizing on growth revival. The RBI has front-loaded the key policy rate cut to encourage investment and boost economy. The Government is also front-ending capex revival. In the first five months of the current fiscal year, the capital expenditure was more than Rs 52,600 Cr - an impressive 38% jump from the year ago period. Various reforms such as GST, Divestment, Subsidy management, bank recapitalization, Uday (reforms in the power sector), faster environment clearances, etc., are underway in different stages of implementation.
