Equities Seem A Good Bet

The Economic Times - - The Edit Page -

In­dian equities seem to be cheer­ing de­mon­eti­sa­tion. The stock mar­ket is ex­pe­ri­enc­ing a pe­riod of boom. A good mon­soon, spurt in con­sumer spend­ing, es­pe­cially af­ter the 7th Pay Com­mis­sion award, cou­pled with the im­pact of digi­ti­sa­tion are driv­ing the stock mar­kets. With in­ter­est on fixed de­posits drop­ping and de­mand for gold stay­ing rel­a­tively stag­nant, equities seem a good bet for re­tail in­vestors. The mo­men­tum can be sus­tained with ac­tion on the pol­icy front to spur anaemic pri­vate in­vest­ment, and that calls for a clean-up of banks’ books. The reg­u­la­tor should also play a role in in­creas­ing in­vestor aware­ness.

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