A world record and a new normal for GST - what does your India Inc look like

23 Jul 2022

India recently created a world record.

The National Highway Authority of India was the fastest in the world to complete a 75-kilometer long highway in 105 hours, or less than five days.

Gross non-performing assets in the Indian banking system, or bad loans as they are known as, fell to their lowest level in six years in March, the Reserve Bank of India said.

India has also seen a year-on-year growth in both railway freight and power consumption in the month of June.

The Goods and Services Tax Regime, which recently completed five years of implementation, saw a collection of Rs. 1.44 Tn in June.

The monthly GST collections is more than Rs. 1.40 Tn rupees for fourth month in a row.

Now, let us see India Inc from another perspective.

The Nifty 50 and Sensex are down more than 10% from their all-time highs, while the Indian rupee has slipped to record lows against the dollar.

Foreign institutional investors have been aggressive sellers, especially of equities, in India.

Meanwhile a spike in inflation is eroding the purchasing power of consumers, which could lead to a slowdown in growth.

The RBI meanwhile, is looking to hike interest rates as it aims to bring inflation under control.

Why are we discussing this?

As investors – it is easy to be distracted by the current events, especially if it is not favourable.

This often leads to one selling assets in a falling market, when all that is needed is to focus on the long-term picture, and to remain disciplined.

Happy investing!!

 


 

Sources: ndtv.com, energy.economictimes.indiatimes.com, livemint.com, businesstoday.in, business-standard.com, zee news

This article is for information purposes only. The information provided herein is derived from public sources, believed to be from reliable sources. However, no representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. Views expressed herein involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied herein. Kotak Mahindra Mutual Fund/ Kotak AMC is not indicating or guaranteeing returns on any investments. Past performance may or may not be sustained in future. Readers should seek professional advice before making any investment-related decisions and alone shall be responsible for any decision taken.

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© Kotak Mutual Fund.2022
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
© Kotak Mutual Fund.2022
Mutual fund investments are subject to market risks, read all scheme related documents carefully.