There seems to be a little bit of sentiment change for the better,as the so called policy paralysis on the part of the Government has ebbed. Two to three announcements by the Govt did improve the expectations and even ever sceptical critics of the Govt are having a second thought on total write-off on the growth front. There is change in the climate (literally) as weather turns cooler in the Capital ,and welcoming!
Even in the absence of large scale T&M purchases by the big operators,there is clear search for new customers in the economy. There is a lot of recruitment noise for IT integration activity and public sector utilities like Railways. At least there is activity and overtime these should convert to closures of deals. Some deals have been closed at the DGS&D as well.
At Macro level November does give indication of different consolidations at the private equity levels too.As the calender year races towards close,the mood of winding up happens at the Foreign western shores. But so far there is no indication that Europe is out of travel and besides the US ,no other region seems prepared to offset western slide.Asiapac will not definitely be silent though.India should therefore be logical beneficiary of this partly.US policies look to continue to support creating jobs at home!
Even in the absence of large scale T&M purchases by the big operators,there is clear search for new customers in the economy. There is a lot of recruitment noise for IT integration activity and public sector utilities like Railways. At least there is activity and overtime these should convert to closures of deals. Some deals have been closed at the DGS&D as well.
At Macro level November does give indication of different consolidations at the private equity levels too.As the calender year races towards close,the mood of winding up happens at the Foreign western shores. But so far there is no indication that Europe is out of travel and besides the US ,no other region seems prepared to offset western slide.Asiapac will not definitely be silent though.India should therefore be logical beneficiary of this partly.US policies look to continue to support creating jobs at home!
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