The chief catalyst, he emphasized that the next GST Council may be a meeting.
“Look, if you look at the overall Indian economy, there is a basket of around 180 million crore, of which about 150 million crores is a taxpayer. Now, if we are deducting 4-5% of the consumption tax by the end of this month, and for about six months, one million crores, because they are more than six months, because they are more than six સતાવી રાખે છે, કારણ કે તેઓ સતાવી રાખે છે, કારણ કે તેઓ સતાવી રાખે છે, કારણ કે તેઓ સતાવી રાખે છે, કારણ કે તેઓ સ સામાન્ય છે, કારણ કે તેઓ સ સામાન્ય છે, કારણ કે તેઓ સ સામાન્ય છે, કારણ કે તેઓ સ સામાન્ય છે, કારણ કે તેઓ સ સામાન્ય છે, કારણ કે તેઓ સ સામાન્ય છે, કારણ કે તેઓ સ સામાન્ય છે, કારણ કે તેઓ સ સામાન્ય છે, કારણ કે તેઓ સ સામાન્ય છે, કારણ કે તેઓ સ સામાન્ય છે, કારણ કે તેઓ સ સામાન્ય છે, કારણ કે તેઓ સ સામાન્ય છે, કારણ That is normal, because they are normal, because they are normal, or they will most likely use.
At the lowest level of rupee on Friday, Bagga explained that the Reserve Bank of India (RBI) did not interfere during this time, when at the beginning of the week when it supported the currency. He said that the weakness is mostly the demand for the end of the month, the demand, oil payment settlements and the next U.S. Labor Day was due to holiday, which was a set of transactions. Since the holiday in India on Wednesday, the RBI remained out, which allowed the market to find its level.
“This was the case to allow the RBI to get the market its level, but there will be some levels in mind the RBI and you will return to the bank’s interference. Monday, they did it; today it was lacking and mostly due to the payment of oil and the end of the month and the US leave, otherwise, to sell 19,000.
Living events
He also published a widespread geographical political angle, noting that currency depreciation was often used as a response to tariff wars. Allowing the rupee to decline by 3-5% can help the tariff pressure shattering the SET, which was seen in the strategy 2019.
Bagga added that India should also close the tasks of other emerging markets closely. For example, China has occasionally interfered with catching short sellers and stabilizing its currency.
With gold and silver prices rising, Bagga explained that investors are moving away from the US de Dollar, which has lost its appeal because of the uncertainty of policy under President Donald Trump.
The second key driver is the US Federal Reserve’s expected rate on September 17, which is already priced.
With inflation expected to be closely expected of 2.9%, low interest rates make non-eyebrow assets more attractive like gold and silver. In addition, central banks worldwide are constantly diversifying the gold reserves by increasing the Dollar, and increasing the demand, he said.
Following the GST announcement of Prime Minister Narendra Modi on the domestic front, he published a strong consumption theme in India. Fast-moving Consumer Goods (FMCG) companies, despite expensive on 40-50 times evaluation, remain attractive due to their returning compensation, negative working capital models delo and continuous cash flow.
When volumes were frozen in the last two years, signs of regeneration are clear. Rural India, which is supported by the growing liquidity in the pockets of the house, is running a strong demand, while urban consumption is ready to accelerate the tax related tax reduction by staying behind. Bagga estimates that India’s Rs. A 3-4% reduction on the basis of taxable consumption on the basis of ૧ 1505 lakh crore can give a significant purchase power injects, which strengthens the virtue cycle of growth.
“With the GST cut, it will get a big boost of 12-14 crore at the upper end, and these companies will really encourage. As I said, the whole picture is about 150 million crores that will get 3% to 4% tax cut which plays in terms of consumption.
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