Showing posts with the label #IndianEconomy

Indian Economy to regain its course to grow at 7-8% in Samvat 2074, Says Share India

According to Share India Securities Ltd, a leading stock broker, Indian Economy is all set to regain its course to grow at 7-8% in Samvat 2074.
“Samvat 2073 has been a great year for Indian markets. Rarely has any single year been so eventful – beginning with demonetization – which forced nation into queues, elections in Uttar Pradesh – which strengthened political capital of Prime Minister NarendraModi, rollout of GST – a landmark tax reform and Nifty in 5 digits – keeping pace with record highs” said Mr Abhinav Gupta, Vice President, Share India Securities Ltd
However, what sets this year apart is rally in wider markets - Nifty Small Cap index rallied ~21.5% higher than returns generated by Nifty Midacap and Nifty 50; continuous domestic flows in face of FII’s selling – YTD average of Equity inflows of INR 225bn, led by channeling of financial savings post demonetization, improvement in macro fundamentals– lower twin deficit of fiscal and trade numbers.
We believe that best is yet to c…