Despite the increased inflation; India’s consumption, investing & spending is at all time highs.
Every mall I’ve visited recently are full.
Restaurants are operating at full capacity.
Online food ordering is at all time high, apparently, from Zomato’s latest quarterly numbers.
Movie theatres are full. So much, that PVR-Inox & the Indian cinemas association issued a press release last week announcing ‘Highest ever collections’.
Overall GST collections are up & consistently above ₹1.6 lakh crores for months now.
SIP inflows into equities are at record highs.
These are all the basic parameters which reflect the ground reality of India.
People are willing to spend despite of whatever the online furus scream on inflation, recession or slowdown.
I don’t see India stop spending. People are earning well. Investing well. Spending well.
This party will continue to go on.
Just imagine the jump in consumption, investments & spendings once the interest rates are cut and people will have further more discretionary income with them.
Needless to say, Stock Market is going to be the direct and indirect beneficiary of this. The Bull will keep running.
Good times are here, better times to come.
Go Big On India Or Go Home.
