In continuation of our previous note in early October titled, “Indian macros–At an inflection point”, this note is to update investors on the latest macro-economic developments.

After remaining comatose for almost two years, the Government of India announced several long awaited economic measures and reforms in mid-September, such as diesel price hike, much anticipated divestments in four Public Sector Undertakings (PSU’s), and FDI in sectors like retail/aviation/broadcasting and power exchanges. In order to build further on the positive momentum created as a result of the above measures, the government announced a slew of more measures/reforms as mentioned below.

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