Why Indian inventory industry likes Modi?
1 min readModi in very last 5 many years has led to the adhering to –
Really reduced corruption at centre.Ton far more people today shelling out taxes.Fewer approaches of hiding profits due to GST, reverse charge etcetera.
All this has led to very low inflation. (inflation was 9-10% in UPA-2, when there ended up substantial amount of ripoffs and corruption at centre)
Very low inflation usually means decrease borrowing costs for the firms inevitably.Decreased interest rates also means greater fairness valuation as equity valuation is a functionality of fascination prices.
Will Modi get yet again?
Delighted Investing
Vijay