In the last eight years of the Narendra Modi government, various steps have been taken by the central government like Demonetisation, Goods and Services Tax (GST), Make in India, Digital India, Startup India, Vocal for Local, etc., which have boosted business and investment. has changed. Mobility in India to a large extent. According to stock market experts, after demonetisation and the implementation of GST, the unorganized business proceeded in an organized manner through digitization. He further said that programs like Make in India, Vocal for Local, Startup India, etc. helped Indian to produce chemical and other sector products which he used to import earlier.
how am i speaking Share Market After demonetisation and GST implementation, Saurabh Jain, Vice President-Research, SMC Global Securities, said, “After demonetisation and GST implementation, the unorganized business shifted towards organized operations through digitisation. This allowed listed organized companies to increase their quarterly numbers. Helped to grow. Increased liquidity for their business operations. Today, DIIs are able to sell to FIIs through mutual funds and insurance as the liquid inflow into the market has increased following the steps taken by the Modi government.
On the eight-year tenure of the Modi government, Avinash Gorakshakar, Head of Research, Profitmart Securities, said, “In the eight years of the Modi government, IT and tech stocks have outperformed other sectors, while the chemical sector closely followed the IT and tech sector. Its shareholders in this period. Barring a year and a half of the covid-19 pandemic, volatility in crude oil prices was a major challenge for developed and developing countries and India was no exception. Tech stocks are least affected as IT moved and rise in crude oil prices.Moreover, Modi government has been proactive on Tech and IT sector which boosted the sentiments of FIIs and DIIs.Post-Covid Chemical exports from China have declined and Indian companies are reaping the benefits. They are able to meet the sudden surge in demand due to the Make in India initiative, which helped the local companies to produce chemicals in abundance , which they used to implement in India rt 26 May 201 Before 4.”
During the eight years of the Narendra Modi government, the Sensex has risen from close of 24,700 today to 56,000, an increase of nearly 125 per cent in the period. Similarly, Nifty 50 today moved northwards near 7200 to 16,650 levels, showing an appreciation of 130 per cent over the period. In the last 8 years, the BSE Mid-Cap Index has risen from 8670 to 22,970 levels, climbing almost 165 per cent, while the Small-Cap Index has risen from around 9,125 to 26,185 levels, in these eight years. an increase of 185 percent. ,
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