It will be a few more quarters before general consumption and investment cycles pick up, said Ashok Wadhwa of Ambit Capital. He added that he expects a strong positive consumption cycle in the first half of FY18 and an uptick in investment cycle in FY19 subsequently.
Banks are actively addressing the problem of non-performing loans and even corporates have realised the issue and are actively addressing the problem, according to Ambit. The worst in banking sector is over and collaboration between banks and the corporates will ensure that the issue of stressed assets is addressed, said Ashok Wadhwa, Group CEO, Ambit. He said that the brokerage has a positive bias on the consumer durables space in terms of growth. Two-wheelers showing a positive bias over a three-month period indicates the start of a positive consumption cycle and the broking house thinks that process may have begun, he added. ADVERTISING inRead invented by Teads Wadhwa, however, said that it will be a few more quarters before general consumption and investment cycles pick up. He added that he expects a strong positive consumption cycle in the first half of FY18 and an uptick in investment cycle in FY19, subsequently. Wadhwa also lauded the efforts of the government to be able to implement GST in a relative short time. The government is trying to make GST as inflation neutral as possible, he said.
Banks are actively addressing the problem of non-performing loans and even corporates have realised the issue and are actively addressing the problem, according to Ambit. The worst in banking sector is over and collaboration between banks and the corporates will ensure that the issue of stressed assets is addressed, said Ashok Wadhwa, Group CEO, Ambit. He said that the brokerage has a positive bias on the consumer durables space in terms of growth. Two-wheelers showing a positive bias over a three-month period indicates the start of a positive consumption cycle and the broking house thinks that process may have begun, he added. ADVERTISING inRead invented by Teads Wadhwa, however, said that it will be a few more quarters before general consumption and investment cycles pick up. He added that he expects a strong positive consumption cycle in the first half of FY18 and an uptick in investment cycle in FY19, subsequently. Wadhwa also lauded the efforts of the government to be able to implement GST in a relative short time. The government is trying to make GST as inflation neutral as possible, he said.
No comments:
Post a Comment