Building on the signs of economic recovery

GST stabilisation, DTC implementation and banking reforms are crucial for sustaining high growth for a long period

As we enter into FY2019, the upturn in the economy coupled with stability in other macro parameters point towards a broader economic recovery. The latest IIP data (7.5 per cent and 7.1 per cent growth in January and February respectively) also show that the economy is bouncing back strongly. It is in line with the growth that has been witnessed since August last year in the core sectors of the economy, such as cement, steel and automobiles among others. Early earnings indicators for the fourth quarter of 2017-18 also signal at an uptick which we anticipate will turn into a