Today we ring in the new year and with it comes hope and optimism to the business community in India. There are many things going for India right now – a stable Government at the Centre, more and more states coming under the stewardship of the BJP. Focus on good governance and ease of doing business should enable companies to become more and more competitive in the global market place. For sure there is still a lot to be done but the start looks good and as they say “well begun is half done” Inflation is slowly coming under control, the balance of payments look favourable and the fiscal deficit seems to be under check. The RBI under its able Governor is taking measured steps and 2015 will see the start of some rate cuts by March. The Union Budget should also bring in more developmental and measures to improve infrastructural imbalances.
The second half of the year should see some good moves in the Indian economy and make India the preferred destination for businesses from all over the world !
Adieu concerns and welcome to hope, optimism and opportunity !