The Prime Minister who believes in
inclusive growth with “sabka saath sabka vikas” not only gave those hoarding
black money more than one chance to declare it but has also given investors,
who missed the bus, yet another opportunity to enter the market at attractive
valuations post the correction witnessed due to demonetisation. Since most
analysts are of the opinion that demonetisation will be very positive for the
economy in the long run, those entering the market with a time horizon of 3-5
years can expect decent returns from equities. However, there is a general
consensus that economic activity will take a hit for at least 3-6 months
slowing GDP growth considerably thereby increasing volatility in the market
with a downward bias.
No comments:
Post a Comment