FY14 is in the dying months and Election related headwind in
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Yes, the timeline for the 800 million plus voters is officially announced.Today many more newly registering voters will mark their entry,as India decides and selects what kind of Government it really wants.Being a highly individualistic and argumentative society ,everybody opines and fights and somehow settles score through a peaceful ballot.Last 25 years or so we have been having rainbow coalitions,but working.Promised growth to the full potential of the country will happen,through FDI, big infra projects and some reform agenda in more protected sectors.This is more or less settled.
T&M Industry will ride on the back of just concluded Spectrum Auctions ,4G deployments, M&A policy and the activity happening at downstream institutions.Likewise the ESDM clusters and the Manufacturing policy in DeiTY with emphasis to address import substitution for gappy 300 Billion potential import is envisaged.Hopefully the capital invested by local entrepreneurs and the tech OEMs from abroad will create enough return to the businessmen.FDI in Railways and other technical parts of Economy will also trigger the T&M large scale purchases.
Defense related procurement has again become a huge question mark. Issues are very important.Weak Rupee with few signs of fragile recovery moves,large big ticket import deals and low implementation rate of Capex intensive projects are a definite concern.But with a "stable" central Govt will push the reforms as well as Implementation fillip here.Accordingly over the next 5 year plan (three years overlapping till 2K17) things should change for the better.
In the meantime we should all wish us for ourselves a peaceful well contested democratic process and elect new Government.
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