gfiles magazine

November 9, 2016

Worrying times ahead

Despite pricy valuations of Indian market at around 20 times FY17 earnings, most of the analysts I have talked to are not too worried and feel that the market will continue to receive steady flow of funds due to post-monsoon impact, on-demand scenario coupled with Seventh Pay Commission largesse and steadily improving rural incomes, all time high forex reserves, continued emphasis on reforms with GST already on road to implementation, continuation of softer monetary policy of RBI in view of softening inflation in the growth inflation dynamics, and expectations of stability and improvement in corporate earnings as a result of steady growth in GDP.

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