After results, Modi effect lifts consumer-facing industries
The consumer industries now have a reason to feel happy and uplifted. Because of the new government coming to power, there has been a significant and positive seen in the stock markets. Not just that, quite a bit of improvement has been noticed in the fields of automobiles, real estate and consumer durables. The interesting part is that the real estates which were seeing slow changes earlier have now found revival in bookings!
Homing in on real estate
Even though the results might take some time, there has been an improvement in this sector since people are more willing to buy more property leading to an increment in the bookings!
Retail Therapy
There is a lot of positivity noticed in the consumer sector. In the past couple of weeks, there has been a double digit increase. All are hoping that the new government will come up with policies that will improve the infrastructure investments and bring back the old investment climate. This will lead to major growth and development in the economy.
Cars Driving Faster
Lot of development and growth has been noticed in the automobile industry. The poor economy had back then led to negative repercussions which affected the sector adversely. For two years, the car sales went down to 5%. But with the new government coming to power, a positive change in sentiments has been noticed by all.
{Source: Shubham Mukherjee and Namrata Mukherjee}
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