PM Modi’s 100 days: A snapshot
The country is very hopeful after the new government led by Narendra Modi took oath at the center. However in the first 100 days; the new government has little to show in terms of on-the-ground development. Though the good news is that, there is a distinct mood change in Corporate India. We have reasons to rejoice as after four years of uncertainty and policy inaction, it is a huge change.
Markets are hitting new highs more frequently now than ever before. The real estate sector is showing an improved sentiment and REITs (Real Estate Investment Trust) are picking up. FDIs (Foreign direct Investment) have started happening in the infrastructure sector.
There has been a clear upswing in the M&A (Mergers and Acquisitions) and private equity deal activities. There were three $1 billion-plus deals in July and total deal value of $30 billion in the first seven months of 2014. Grant Thornton India, an advisory firm published a report which shows this data.
On the other hand, Sadbhav Infrastructure which has constructed more than 1,500 km of highways and also manages toll booths, has seen commercial vehicle (trucks) traffic increase by 10 % in the last six months. Industrial activities have increased and the consumer durables markets are picking up.
Sanjeev Krishan the leader of private equity & transactions in PriceWaterhouseCoopers India (PwC) stated that the sentiment has changed. Now, execution will be the key to growing conviction. There has to be action on the ground. India Inc. is waiting with bated breath to see the execution and see all the promises done by the NDA government to take shape.
Source- The Economic Times
foreign direct investment proposals, government led by Narendra Modi, Mergers and acquisitions, real estate investment trust
