ITS RAINING RAINING

 Onset monsoon is on full throttle, so the economic activity. This is a busy season for all of us.

The festival season has been started, the different parts of the country celebrating the different festivals.

The demand from the market is increasing. The economic activity is rebounding with vigor, the monitory policy of the RBI is expansionary( Accommodating inflation as a concern) but keeping rates as per expectation.

The indicators of the economy are in green. Though the retail inflation is not up to mark, but not out of the comfort zone of the RBI and government.

We had discussed the pace of decision of government some times ago, the results are coming with ever-increasing the size of the economy.

The latest figures from the government suggest that the ruler employment demand in the MNREGA scheme is decreasing so the migrants are returning to their jobs place, which will increase the remittance.

As major economic activity is dependent on these remittances from the urban areas, the normalization of all activity is visible due to this.

The vaccination drive is going on, with one advantage that the majority of it is done after the second wave.

The other decision by government and industries for the expansion of their business activity will spur growth and demand.

One of the major boosts to the economy is the reduction in fiscal deficit by 9% of the Budget estimate, with continuity in GST collection over 1 L crore.

The PLI scheme is now started to take shape on the ground.

If we see the agriculture sector, the sowing and progress of crops are as per expectation. The results of all these decisions and their execution have started to be visible.

Going forward we are seeing the result of all these decisions with the pattern of a positive outcome.

Some decisions are getting delayed but in the coming time, we will see that all these will sail through the obstacles.



 



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