Auto industry to witness recovery in Q4 FY17 before BS-IV norms kick in

New opportunities are emerging for component suppliers due to regulatory changes in auto sector

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D C Sharma

Last Updated : Jan 23 2017 | 1:05 PM IST

Demonetisation drive is likely to have long term benefits for the Indian economy. The Government’s efforts to address larger economic issues such as tax non-compliance, counterfeit currency, fiscal imbalances, rising corruption levels and black money transactions are undoubtedly commendable. Strategic directional move towards digital/cashless economy would certainly help developing country like India to reach to a next level.

Sectors with discretionary spending such as consumer durables, luxury items, gems and jewellery, real estate and allied sectors appears to be adversely impacted in the short term although the impact for the long term seems favourable. Demonetisation impact is expected not to last

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