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Tweet BusterIndia’s sweet spot & why auto deserves no GST cut Basant Maheshwari has called for a cut.

Date: 16-09-2019
Subject: Tweet BusterIndia’s sweet spot & why auto deserves no GST cut Basant Maheshwari has called for a cut
NEW DELHI: Global market environment is improving and investors on Dalal Street are hopeful that things would perk up on the domestic front as well. With an uptick in IIP data and inflation being under control, some say these are the signs that the economy is on a path to recovery.

Usually, market recovery precedes economic recovery. And that’s the topic that has kept twittereti engaged past few weeks.

Sandip Sabharwal, an independent market expert, says India is in a sweet spot right now and all it needs is a nudge from the government.

Anand Mahindra, the CEO and MD of Mahindra & Mahindra, said monsoon deficit has been wiped out and oil prices are low, which should give the economy a boost.

Safir Anand, a value investor, said this is a good time to move away from largecaps and look to invest in smallcaps and midcaps, as they are available at good valuations.

Arun Mukherjee, known for spotting value in smallcap stocks, says this is the right time to load up on stocks in which you have high conviction.

Off beat:

In a series of tweets about the auto sector slowdown, Shyam Sekhar, co-founder iThought, made a case against GST rate cut that the auto industry is demanding and rather called for some action from within the industry.

Basant Maheshwari, a PMS fund manager, called for a cut in income-taxes, saying bureaucrats do not realise that lower taxes lead to higher collections and better compliance.

Lastly, the WeWork IPO created a lot of buzz globally, but not all positive. After having to repeatedly cut IPO valuations, things don't look as bright for this startup looking to list. So, here's a piece of advice from Samir Arora.

Source: economictimes.indiatimes.com

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