The new government has taken the charge. One good thing with this government will be that they can continue from where they left before the elections. It will have good impact on the economy definitely. With the GDP growth of 6.7 % this year positive vibes have already come in the market and Indian Inc is betting big on next year's GDP growth at 9%.
Even I believe that growth this year ( 2009-10) will be much higher than the last year growth. Let's analyse why?
1) Last year the whole world was under recession which had a negative impact on India also, but the signs of recovery all around the world means good time ahead as compared to previous year.
2) Stable government at the centre means more authoritative style of work with focus on growth.
3) Fast track growth program, for example 100 days program of government should bring great confidence in Indian economy and if it happens it will be a first step in the direction to achieve 9% growth.
4) Opening up the economy for FDI should also result in more FII coming to the country, which should boost the Capital Markets.
Lets hope that everything goes according to what has been planned and I hope that India will be a big growth story again.
Comments invited.
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