Growth and Revenue Projections
Current Environment and Trends
Recent
Macros
Reforms
*Source: Bloomberg, BSE
HIIHT
GDP softened in FY'17 to 7.1% after increasing continuously for 2 years
CPI inflation on a downward trajectory from double digits in FY'14 to low single digit
Gradual decline in interest rates over past 5 years
Sensex on upward trajectory from ~18k to 31k over last 5 years
Demonetization
GST (Goods & Service Tax)
RERA
•
Creation of Monetary Policy committee
Implementation of Insolvency and
Bankruptcy code
Despite recent hiccups, M&E industry still poised
for long term growth
Government reforms in the longer term expected to boost the growth
Lower Interest rate and lower inflation expected to continue
Favourable demographics favouring higher consumption
GST beneficial for long term
Expectations that suppressed spends on advertising in recent times will
release in a big way going forward
Strong rupee helps maintaining lower input cost
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