So how many number of times we have read and seen reports about change in India being very slow?
Well times seem to have changed and here are some dates -:
Well times seem to have changed and here are some dates -:
- 23rd May 2019 : Modi Govt. wins Indian General Elections
- 15th July 2019 : Union Budget is presented by new Govt. Controversial Taxes on FPI (Foreign Portfolio Investors) and super rich introduced.
- 3rd August 2019 : Article 370 and 35A are abolished in Jammu & Kashmir. The state is bifurcated into two union territories - Jammu & Kashmir and Ladakh.
- 23rd August 2019 : Union Finance Minister announces big reforms; Surcharge on FPIs (Foreign Portfolio Investors) is abolished.
- 30th August 2019 : Govt. announces Mega Merger of PSU Banks. Perhaps the biggest merger.
So when was he last time anyone saw such large changes happening such fast in India?
BJP's ELECTION MANIFESTO - MAJOR POINTS
(SOURCE : TIMES OF INDIA)
While depending on what your beliefs are you could either be convinced with these changes or not, but one thing is clear - the pace at which this govt. is introducing changes has gone up.
One of the reasons could be that this is a majority Govt. in India ( a non - coalition govt.) after a long long time - perhaps a gap of 20-25 years.
Purely from a Equity Market standpoint each of these event have a sentimental impact on the markets.
Some changes will also have a more fundamental - long term impact.
It's time we got used to this.
