In the two years it has taken the Nifty50 index to reclaim 9,000 levels, the underlying macro backdrop has undergone a sea change. Demonetisation and GST, analysts say, have been the two most significant macro developments.
“Together, these two reforms have the potential to alter the investment landscape for several sectors. The obvious consequence of these two reforms is a greater formalisation of the economy and value migration from the unorganised to the organised segment,” says Gautam Duggad, head of research at Motilal Oswal Securities.
News Source - Business Standard