Global macros at this point of time are more challenging which may impact global growth. Contrary to this, India’s fundamental attributes are robust and sustainable – Clean balance sheets, a structural increase in consumption, unwavering domestic demand, and fiscal prudence. Hence, long term structural story remains intact. Recent RBI actions like liquidity injection; key policy rate cuts, large dividend to the Govt. and GST rationalisation are positive for India’s business cycle and in-turn may result in India growth and corporate earnings to pick-up.
