Several downstream sectors such as auto, white goods, real estate and infrastructure are pushing up demand for steel in India. Prescient investors who spotted this trend early are reaping the rewards of a massive inflation in the values of their portfolios of steel stocks.
The practice of dragging lenders to court to delay the repayments of outstanding loans is slowly coming to and end. India’s Insolvency and Bankruptcy Code is ensuring that lenders get repaid on time and this is making India a more attractive investment destination.
India’s Covid-hit auto sector is buzzing once again, thanks to massive pent-up demand and the emergence of a new class of buyers who want to avoid public transport because of pandemic fears. But experts are not sure if this signals a turnaround for the industry.
The bilateral relationship between India and the European Union, marked by benign neglect for years, is becoming warmer as the two sides recognise the economic and geo-political synergies that can accrue from a closer engagement.
A recent government plan to build charging infrastructure can push demand for EVs by addressing the issue of range anxiety.
The US could explore a tech alliance with India involving artificial intelligence. This will not only have military and strategic applications but could also promote ease of living in India by revolutionising sectors such as education, healthcare and agriculture.
Investors are looking past the immediate numbers and liking what they see. The Modi government’s far-reaching reforms promise to buoy demand and GDP growth in the coming years. So, the early birds are swooping in to book their pieces of the pie.
The proposed move by the Modi government to allow Indian companies to list abroad without having to mandatorily go for a secondary listing in India will help Indian start-ups and conglomerates raise large amounts of foreign money at higher valuations.
The Modi government’s decision to offer 38 coal blocks to the private sector is another step towards the Prime Minister’s vision of self-reliance. It will raise domestic output, cut imports, save forex and introduce eco-friendly methods of mining in a traditionally polluting industry.
The Tatas and Walmart may jointly take on Reliance and Amazon for dominance over the Indian retail market and the right to mine data generated by 500-million-plus Indian Net users.