In a growing society, we are extremely critical of everything and forget to celebrate success. I strongly believe that if we celebrate success, you create another success story. With this note I wish all my colleagues of entire LNJ Bhilwara Group - A pleasant and a memorable end to 2019 and a positive beginning to 2020.
2020 will thus be the year when India has to revive its story domestically and globally. India has to ensure that its economic reforms translate into higher growth, investment to pick up, demand gets a boost and there is yet again, a virtuous cycle which makes India an attractive destination.
In the middle of second quarter, the government had announced a set of reforms with a view to boosting credit growth and ramping up investments. Though India’s growth outlook has weakened sharply this year, with a crunch that started with the non-banking institutions, spreading to retail businesses, car makers, home sales and heavy industries. Industrial output has dragged down by a sluggish manufacturing sector while the outlook for capital inflow remains positive, India’s exports could face headwinds in the event of sustained global slowdown.