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

MEMBER'S LOGIN

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Reforms are the only catalyst for Indian economy
Tue, 11 Nov Pre-Open

Lack of reforms during the previous tenure of the government had put the investment climate in a state of slumber. Thus the newly elected government managed to sweep the elections on the promise of rejuvenating the economy. The government has already set the ball rolling by de-regulating diesel and hiking gas price. However a number of areas need to be worked upon to make the investment climate more business friendly. Land acquisition continues to be one of the biggest stumble blocks in large infrastructure projects. The Finance Minister is looking towards amending the land acquisition law to give way for the implementation of smart cities in the country.

Another hurdle that has stalled large projects in the country is the shortage of power on low availability of coal. The country's largest coal mining company <>Coal India has fallen short of its production targets for quite some time now on account of red tapism. The government on its part passed an important ordinance opening doors in commercial mining for private companies. The government aims to follow the e-auction route to allocate coal blocks for greater transparency and is giving finishing touches to a re-worked mining law. Amendments to simplify outdated labour laws are also underway.

To further ease the business environment in the country, we would further need Goods and Services Tax (GST) regime. The government is in the last stages of discussion with the states to arrive at a consensus on the same. Apart from this, the government is also working towards rationalizing the taxation policy to further attract investments.

Thus the country has embarked on an aggressive battle against slowdown through the reform process. This in turn is also winning accolades from the west. Recently the Organization of Economic Co-operation and Development (OECD) has forecast the economic growth in India to reach almost at par with China by 2016. Of course, this forecast can materialize if the government's reform process remains on course and is implemented properly.

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

View all commentaries | Archives

Read the latest Market Commentary


Equitymaster requests your view! Post a comment on "Reforms are the only catalyst for Indian economy". Click here!

  
ABOUT EQUITYMASTER

Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.

PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
TRENDING TOPICS
FREE NEWSLETTERS
EQUITYMASTER SUPPORTS
  • HelpYourNGO
  • You Tube
  • Linkedin
  • Twitter
  • Telegram
  • Google Play

Copyright © Equitymaster Agora Research Private Limited.

Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap

Phone +91-9136015013

Equitymaster Agora Research Private Limited (Research Analyst)
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Email: info@equitymaster.com. Website: www.equitymaster.com.
CIN:U74999MH2007PTC175407

Name of the Compliance & Grievance Officer: Ms Sonal Ramachandran
Telephone: +91-22-61434003 | Email: compliance@equitymaster.com

LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.