NEW NORMAL

 Attending the discussion on the condition of Indian Economics especially after  Pandemic has some interesting facts on it If we see the time frame of 2014 to date the expectation and delivery of different reforms have interesting facts. Everybody has their own reading but the conclusion is that the state of the economy is in good condition. The series of reforms taken after the pandemic is very encouraging and in the right direction.  Interesting points and questions were raised on numerous issues. Like the government was in denial mode for the condition of the economy before the pandemic. How much money is to be deployed in global funds or global investment. Micro and Macro indicators of the economy. Demonetization success or failure. The government borrowing and tax buoyancy. Condition of agriculture as well as small enterprises.  A few observations we want to share from our side on it, like denial mode and demonization decision, as both are interrelated to each other. We can expect

 A few days back  PM Modi announced the second edition Cleanliness drive. The first campaign was announced some six years back. The difference between then and today is not that much visible, but the mindset for the same is changing in common people. The common man is changing his own habit, it is a slow and gradual process. In some places, it is adopted and implemented by citizens themselves and gives a supporting hand to the local authority. There is widespread awareness among the locals. But the quantum of garbage is so huge that the effort to collect it is still not adequate. The basic infrastructure needed is still not there in some cases.  But as said earlier now waste is not thrown that much on road. Other types of waste necessarily solid waste is present in the road like sewage water etc is there. But cleanliness drive is  in terms of  annual competition amongst the cities creating a much-needed spirit There are several challenges in the implementation.  Also, we have an issue

 Just before Diwali, the government announced the reduction in the excise duty on petro products. Followed by the reduction in state VAT in some 22 odd state governments. Other or remaining  state governments will follow the same path going forward its only option they have There is a silver line in the above, first time without any fanfare government recognized the inherent strength of the economy. It is important because the pandemic has damaged the economy very badly. Though we are the fastest growing economy in the world This time all our micro and macro indicators are in positive territory. But we are going to discuss the reforms in the energy basket. The energy basket is not only oil and gas but electric energy is also part If we see the overall situation then there is no transparency in any of the above-said items be the pricing or distribution As the government is the only major player or one can say a dominant player in oil. We will discuss one by one, in the oil sector govern

 One of our known called to us enquire about the International stocks or it is better to invest through the fund of fund. It is well-known fact that all the developed nations' returns are modest as compared to developing economies. The return is somewhat stable and one major advantage, there is low inflation. Another advantage is that when we invest our corpus that time exchange rate is different than when we redeem them. It adds to the overall returns.  As all major corporates are working in our country and making good profit in that, which is getting added to its global corpus, and also market share is good or significant. Right now we just celebrated Diwali, in which all corporates do around 35-40% of their business for the whole year.   If we see the balance sheet of major global corporates, the overall profit has an amount that is generated from Indian operations. Take an example of Maruti Suzuki, in which they declared their investment in India is generating around 30-35% of