All is not bad with India’s economy: part 1

The battling Indian economy has so far performed fairly on sentiments. With a widening CAD and depleting Forex, we are still riding high on the appointment of new RBI chief and some relief to the rupee value, as Sachin Karpe had said in one of his posts.

We can continue to derive some more relief from the fact that we witnessed a healthy monsoon this year which has led to a good harvest. This will lead to higher consumption among Indian population and more exports, in return contributing towards economy, Sachin Karpe opines.

Preparations for 2014 general elections will also result in election related officials spending more money and working proactively, this will give some thrust to the current situation and increase spending due to positive sentiments. According to Sachin Karpe, it needs some time to show its effects. The wait will certainly be worth.