Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Can India lead global growth?
Wed, 18 Mar Pre-Open

The Indian economy has languished over the last few years. A potent combination of corruption, policy paralysis and high inflation had all combined to put a huge question mark over the Indian growth story. However, things have certainly improved over the last one year or so. The Modi government has certainly pushed for growth. By legislative and executive action, the government has certainly shown the right intent. In a world where growth is either falling or non-existent, India is in a bright spot.

India's new method of calculating GDP may need some time to be widely understood and accepted. What is certain though is the fact that it will certainly make India the world's fastest growing major economy soon! As per the chief economist of the IMF, Christine Lagarde, India is marching forward in the right direction. It's important to note here that the IMF had in October 2014, reduced its forecast of global GDP growth to 3.5% in 2015 and 3.7% in 2016. India of course, is defying this trend.

Lagarde believes, as do we at Equitymaster, that a favourable demography is at the core of India's growth story. Consider these astounding facts: More than 50% of India's population is below the age of 25. About 12 million people join the workforce every year; a staggering 1 million a month! By 2030, India's labour force will be the largest in the world (over 1 billion).

However, it would be unwise to take growth for granted. To grab the demographic dividend many reforms will be needed. These will include not just economic reforms but also reforms in the bureaucracy and judiciary too we believe. In the economic sphere alone, the major ones include reforms related to subsidies, fiscal discipline, opening up of various sectors, banking reforms, the ease of doing business, labour reforms, trade reforms, tax simplification, energy security, and more!

It will be a long journey indeed. To be fair, the government has taken many good steps. However, a lot more will need to be done if India is to lead the world in terms of economic growth and take our rightful place among the world's leading nations. As the old adage goes, well begun is half done!

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Can India lead global growth?". Click here!

  

Views on News

ITI Mid-Cap Fund: Investing in Potential Midcap Companies for Growth (Outside View)

Feb 26, 2021

PersonalFN analyses the features of ITI Mid-Cap Fund and explains the potential this fund has to offer to its investors.

NSE Glitch: Why Did the Market Go Up? (Fast Profits Daily)

Feb 26, 2021

In today's video, I'll discuss why thew stock market went up on Wednesday, 24 February 2021, when the NSE had to shut trading due to a technical glitch.

My Personal Checklist for Your Trading Success (Profit Hunter)

Feb 26, 2021

You my personal trading checklist and you will be well on your way to making it big as a trader.

Make Rs 5,000 Per Day Trading the Market (Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

Refresh Your Investment Portfolio in 2021 to Align with Your Financial Goals (Outside View)

Feb 25, 2021

Timely review of your investment portfolio is the key, to enable stable returns and work towards your envisioned financial goals during various market phases.

More Views on News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps (Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Intraday Trading for a Living (Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021 (Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla (Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Feb 26, 2021 (Close)

MARKET STATS