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    BusinessAditya Birla Sun Life CEO optimistic about India's growth outlook post-elections

    Aditya Birla Sun Life CEO optimistic about India’s growth outlook post-elections


    Government likely to boost fiscal performance as economic momentum builds further: Aditya Birla Sun Life AMC CEO

    The country's economic growth trajectory looks positive according to A Balasubramanian, CEO of Aditya Birla Sun Life Asset Management Company. In a recent interview, he noted that post-election activities will see a rise in momentum across various sectors including infrastructure, manufacturing, exports and more.

    Balasubramanian believes the fiscal position will also improve going forward. Factors like rising tax collections on the back of GST and corporate tax, higher profitability of public sector firms contributing more dividends, and asset monetization initiatives give the government firepower to boost spending without straining finances. The stable cost of capital following possible US rate cuts could further encourage private investment.

    On the markets, the CEO expects Indian equities to remain buoyant over the next 5 years driven by corporate earnings growth outpacing nominal GDP. Stable economic parameters around inflation, interest rates and fiscal consolidation should ensure continuance of favorable valuations. Strong domestic flows into mutual funds are also contributing to market exuberance.

    In terms of the upcoming , the focus may be on simplifying tax structures and rural sector push. Some individual tax reliefs cannot be ruled out. Overall, the growth momentum witnessed during the elections is forecasted to accelerate on the back of supportive policies. The economic recovery is broadening as reflected in the small and mid-cap rally.

    The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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