As Inflation Cools and Growth Sprouts, Investment Opportunities Abound

The current NDA government rose to power on promise of economic growth and controlling inflation. Thankfully, the first month of the new government in the centre saw cooling of inflation and hopes of growth making a comeback. However, the lingering doubt of drought saw nervous faces all over the country and threatened to derail the scant progress the economy has made so far. Nevertheless, how has the government fared so far and what it can do more to set things in order?

Opportunities Galore

The government has signaled that it is willing to walk its talk by announcing a slew of measures in the budget. For instance, it announced sizable increase in Foreign Direct Investment in certain sectors. It can focus on improving infrastructure as it is crucial for the economic development of the country. “Focus on infrastructure formed part of the previous government’s plans as well, but what is different with the new government is the approach to implementation. There is a sense of direction on how growth should be taken forward,” says Dr Arun Singh, Senior Economist at Dun & Bradstreet.

Ease Doing Business

The government announced certain big ticket measures such as Rs 10000 crore worth fund for startups. It can ease doing business in the country by cutting down the red tape and take a call on long standing issues such as GST. Girish Vanvari, Co Head of Tax of KPMG says, “A district level idea incubation program, lowering of limit for investment allowance to Rs 25 crore and establishing a legal framework for providing an exit route for SMEs will be beneficial.”

Clone Algo Smartphone Application

Going by the above lines, the economy has essentially started shaping up under the new government. The markets have responded fairly well and the trend is likely to continue. Why not make most of the opportunity by getting started with stock investment with the Clone Algo Smartphone app. The app is available on Google Play store here: https://play.google.com/store/apps/details?id=com.algocloudltd.vitotrading&hl=en and will be launched for Apple iOS store soon. Download the app at the earliest and start trading successfully in stock markets.