Market Outlook For 2020

There has been a lot of discussion about the economic slowdown in India. With the real GDP growth for 1HFY2020 coming at only 4.8 per cent, there is no denying the fact that slowdown is for real and there is a sudden rise in skepticism about India’s growth prospects. Various factors, both global and local, explain this domestic slowdown. Weak economic growth due to the US-China trade wars along with global monetary tightening since the end of fiscal 2018 led to a slowdown across the global economies. Such growth is the lowest since the 2008 global financial crisis. Similarly, India underwent a series of key structural changes, including demonetisation, Goods and Service Tax (GST), Insolvency and Bankruptcy Code (IBC) and Real Estate Regulation Act (RERA), moving a step towards increased transparency and compliance in the economy. While such measures will help the economy move...