Good News to Flow!
Clearly the fall in Indian Market was nothing but based purely on sentiment. Neither Rupee depreciation nor Stock fall was warranted on fundamental ground. Rather, Interest rate is topping out and food inflation has also been reined. Looking to the Developed country low growth, demand of Crude will come down resulting crude to trade likely nearly USD 80 per barrel. All are good news for India. Its consumption story is still young. In the coming year, demographic position will support its growth as the 70% of population will comprises age group of 18-35 years.
Moreover, Corporates have been spoken out in media appealing Government to get up - We and The Country is on the Brink of a severe crisis. As we have experienced with indian politicians, More reforms, more investor friendly regulations and betterment of macro are supposed to be followed in coming days.
Investor Friendly Steps Taken: A few of them are -
+ The Securities and Exchange Board set a minimum allotment size of Rs 5 crore (USD 1 million) for issuing shares in an initial public offer to "anchor" or cornerstone investors. Anchor investors are required to lock-in their holdings for a period of one month from the date of the share allotment.
+ Initiative of government for digitising the country.
+ India allows 51% FDI in single brand retail and 100% FDI in cash and carry format of the business.
+ Reserve Bank of India (RBI) has given the airline a go-ahead for its debt restructuring. Banks can now restructure loans.