|| SHANIWAR SAMWAD || 01-10-2022

" 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 down to a comfortable level.

The policy majors which will give results in the coming years are either work in progress mode or already declared.

The recently announced package for railway station redevelopment with a budget of  Rs. 60000 Cr. for some 199 nos of stations which include Mumbai's CSMT, Dehli's NDLS, and Ahemdabad station (outlay of Rs. 10000 Cr.).

Already tenders for some 32 stations are invited and work will complete in 2 to 3 years.

This is not the lone case that is going to generate many jobs with the circulation of money. the PLI scheme which was declared for 14 sectors is either relooked or extended to other sectors for Self-dependence.

Recently, Vedanta and Foxconn consortium had signed MoU with the Gujrat Government for the Fab unit with a total investment of Rs. 1.54L Cr. This will be the third company that will make such an investment for Chip Manufacturing, with many jobs both formal and informal.

The policy for the FAB unit is WIP mode.

Healthy competition is going on between different states to attract investment. The DMIC work is going to start as the Dedicated freight corridor is getting completed at a fast pace.

The overall investment for this will augur in around lakhs of jobs for some thirty-odd years.

The new project's announcement and completion time and getting the project completed in time is new normal for us. The cumulative effect of this is visible to us.



Location: India

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