NEW NORMAL

 Rs. 20000 has been on the verge of extinction, on 19/5/2023 RBI announced for same with one rider final call to end legal tender will be decided after 30-09-2023. Till then it is legal tender for any transaction. The different theories and story has been presented and it will go on till its logical end. The economy is well poised to expand and the final shock due to this is very less or negligible. The world saw our economy to convert in digital  mode in very short span of time. The daily transaction by digital mode is more than 60 Billion which is far more than entire transaction done by both US and Euro zone countries. The quantum in value term is more than 50%  of total amount. The many issues due to this had been solved, which is in public domain which we are not going to discuss here. The theory, rates for borrowing will reduce as money will get deposited in banks stands half true as exchange is allowed but now hoarding or cash stashing will reduce. The money is hoarded, avoids i

 The proposal for investment is coming to our country. From Hyundai & Cisco to Apple, the list is long with marquee names are in it. The growth of manufacturing in our country is increasing. The semiconductor and fab sector PLI is just round the corner. Once it gets notified the self dependence will be just matter of time in many sectors not only in electronics. Recently, Apple made clear that they increase the production with complete development of ecosystem and it is for both domestic and export market. As system is now friendly as compared to past with increased transparency and simple to comply is increasing the confidence of investor either global or local. The digitalization of system or faceless system is boon for all of us due to which daily life is becoming easier and less cumbersome. We know that the system is just facilitator but in our country it used to be MAI BAAP, everywhere we had to face obstacles for small things, which is changing with attitude and mind set. The

 New financial year started with big bang, all major indicators reaching or crossing its high.. The impact of all these is adding wealth of country. These figures are nothing but making world to acknowledge our progress. The continuity of reforms and new editions of reforms are adding the impact. The social impact of these is huge. The mindset of nation is changing with local government slowly and steadily aligning itself with center so the city and rural  authority.  Work in progress, that world is recognizing except the rating agencies. It is strange that when they advice their client for investment or on any other issues they give their feedback with highest recommendation, means best place to do business is INDIA. All major rating agencies from globe has stuck to their old rating ignoring the work done by us in last one decade. The major advantage we have is stable and listening government, other micro and macro indicators are stable or in positive territories for long time as well