|| SHANIWAR SAMWAD || 01-04-2023

 Rome was not built overnight, it is the proverb that is often used for time to be taken for developing anything. The same is proving true for our country.

The recent reports which are coming from various periodicals and daily are telling the same proverb repeatedly.

The different reforms carried out by the government are bearing fruits, due to RERA in real estate, is attracting a large swathe of FDI, and the reports from real estate consultancy like Wakeman And Cushfield, JLL is saying that we are attracting the FDI in the range of $ 4-5 Billion, which will spur construction activity in residential, commercial and industrial parks which include logistics parks.

The pace of attracting FDI in various sectors is huge and it is due to predictability as well as continuity in policy and a stable political environment.

The micro and macro indicators are showing consistent improvement since 2015, even this year we will see the least CAD which implies that in near future we will balance our imports and exports.

This year we will surpass the highest-ever services export along with the highest merchandise in a difficult situation due to war and inflation around the world.

The continuity in the improvement of the business conditions in our country, measured by the ease of doing business index, it has created competition amongst the respective state government and is also adding a conducive environment.

The total borrowing by the central government will be less which means more liquidity for corporations and less interest payment for the government.

Going forward we will see a marked improvement in the state government's financial health which is facing a deficit due to poor financial management.

The GST regime is improving the total tax compliance by businesses, this year's budget a clause has been added for timely payment to the MSME sector which often faces problems due to delayed payment. It will change the payment culture and working capital requirement and predictability in future earnings so that capital management will be easy.

Big-bang reforms are always not needed but small solutions for general problems spur growth, that the thing which present government is doing

 

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