Market Updates

Market Updates::: Good evening Recently the Finance Minister had declared lowering of Corporate Tax Rates which could thereby benefit Corporates. In this regard there was some concern regarding the slippage or deficit of 1.45 lakh crores. As per leading economist, the timing of declaration on deduction of tax was perfect. In fact many of the developing nations including United States have done it. Now US- China trade war is at its peak and in fact India's decision to lower tax rates is a good signal for corporates abroad particularly in USA. It also sends signals about the ease of doing business in India easily. In coming days, there is expectation that many US based companies might shift their base from China to India. Secondly Indian economy which is currently consumption based is slowly changing to Investment based economy. Consumption based economy is generally temporary & country's GDP generally multiplies in case of investment based economy. Overall it's good for economy & markets in the long run.