NEW NORMAL

 Present week, we celebrated Diwali. & our festival series will end by 31st. Then after we will celebrate and enjoy the remaining festival till Chaitra Navratra which will end festivals.  We usually have the tendency to celebrate our festival with our near and dear.  Our market dynamics are such that it adjusts themselves with time, we witnessed this many times from time to time. The world works as per our festivals so that the maximum market share. We know that our country is a land of festivals from east to west & north to south. On average we have at least one festival each month. The pick of the festival is Diwali but Chaturmas is the start of the festival season. It ends with Chaitra Navratra. Now, China plus One policy is showing results with increased investment from domestic as well as foreign companies. The PLI schemes with other reforms are adding fuel for growth in the market with investment in the ground and the start of work. After, the end of the festival season,

 Best wishes for "DIWALI". It is the first Diwali post-pandemic that is free from all issues. The annual sales which are based on the present sales figures festival season and projections for next year are dependent on it. The season has other reasons to make things exciting the report in various forums during the same period is also in the public domain. The one of most controversial is the hunger index on which lots of things have been said either in support or opposed to it. Another one is about the pensioner index which is an important one. We are going to see what the hunger index says in the context of our country. The report is based on the gallop report which is known for its business-related research papers. The comprehensive analysis is done by Dr. Vivek Debroy, the chairman of PM EAC, which gives details of the report rejection. One thing, which was raised by analysis is that we have our statics department which works in old fashioned and our reports on different s

 Inflation figures for the month of sep2022 released along with IIP, PMI, and others. The expectation of another round of rate hikes is imminent in the next few months. The world bank, IMF, and rating agencies have reduced the growth forecast for the present and next FY The festival sales figures are also coming with at least a 15-20% increase to last year, the festival season is still going on. So the figures will be even higher than it and last year's. The overall balance sheet of our big corporates are in the best condition with debt level is least. Almost major companies have clean balance sheets and capacity utilization is around 70-75% of stalled capacity. The recent praise of the IMF & World Bank for our reforms and digital economy. The pandemic has proven our intent and execution for different programs. The recent hike of rates by global central banks is only increasing the uncertainty, the fiscal expansion during the pandemic is creating problems and it will not be res

 Just we celebrated Vijayadashmi along with Navratri and Durga Puja, with this we also got another round of rate hikes by RBI. The expert commentary on this and the reduction in the rate of growth of our GDP is discussed in full length by everyone. The rating agencies, the IMF, and the world bank has reduced our growth rate for the current financial year.  The above-said thing making headlines for a long time. But we are going to discuss the proforma which was published by the Election commission of India on freebies, which is sore point for political parties. The Supreme Court, which is hearing a PIL on freebies, has directed EC to reply on this. Before, anything we do let's look at the present scenario in which there is a restriction on this. The restriction is only on paper as EC does not have any power to act on this. If we see the immediate past we saw the state elections in five states, and the manifesto for this had full of freebies, which were or are unsustainable due to th

" GREETINGS FOR NAVRATRI & DUSHHARA" We are living in an action-packed country with good competition between the center and state governments. The overall picture for the economy is good with a stable outlook in comparison with other countries around the world including the US & EU blocks. The pandemic and now Russia and Ukraine. The problems are getting more and more complex with each passing day. Inflation is not controlled anywhere except in our country. The talk of a rate hike is no option for the RBI as liquidity is tight also it will affect growth which is needed at present time. The systematic withdrawal of excess liquidity is reached its peak and now, we have to release cash in the system to continue growth. As said above both, liquidity sucking along with rate hikes have given the desired result in controlling of inflation. Our overall inflation is controlled with deficient rain in many parts of our country will increase some inflation but it will soon come d