|| SHANIWAR SAMWAD || 08-04-2023

 The time is running very fast as lots of activity in the economy is going on. The data which is coming is not only very positive but it is itself a success story of our management of the crisis.

Recently the RBI took the decision to pause temporarily the rate hike cycle as our economy still needs growth.

All sectors have been opened up and expanding, and the recruitment or hiring of both white and blue collar is going on.

Investment in real estate is crossing the previous benchmark along with the timely completion and delivery of existing projects to the final user. This is new to all of us as the industry used to take all stakeholders on the ride.

The increasing transparency along with continuous reforms aided the fire of the economy. The urban and rural demand is increasing with marked improvement in earnings, which will increase in the coming days.

The overall picture is such that the whole world is in trouble whereas we are expanding with the new benchmark, CAD and the fiscal deficit is manageable so the inflation.

The growth forecast for the next fiscal has been increased by the RBI contrary to the world bank and IMF.

This budget has given lots of emphasis on capital expenditure which will lead to capacity addition in the near future along with the PLI scheme for different sectors. The results of the PLI scheme are already visible as our exports due to this increasing the market share of our enterprises in the world along with job creation for our netizens.

Worldwide our products are getting recognition for their quality. The latest figures from the Commerce Ministry show our goods and services are setting a new benchmark in exports.

Though our export revenue is modest as compared to China and other developed world i.e. US $742 B but the ripple effect is already visible in the economy.

The summary of all this is that our story is rather a success story it just began and the whole world is recognizing it and want to be a partner.


Location: India

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