75th Independence Day Speech – A path maker for the Financial Markets

date 12  August,  2022
time 3 mins read

15th August 2022, the day when India celebrated the 75th Independence day which we have given name as ‘Azaadi ka Amrit Mahotsav’ with Tricolour flourishing with pride on each and every street all over the country. Prime Minister Narendra Modi addressed the nation on India’s 75th Independence Day from Red Fort, Delhi. The Prime Minister explained the roadmap ‘for the next 25 years which will be India’s ‘Amrit Kaal’ and also set the goals to become ‘Viksit Bharat’ in its 100th years of Independence.
The Prime Minister urged all the Indians to take 5 pledges to take the nation to the new heights in the next 25 years. Below are those five pledges or resolutions:
1. Pledge to become a developed India
2. Erase all colonial mindset and be part of the collective growth
3. Take Pride in Country’s Legacy
4. Make Unity as our core Strength
5. Make sure we first fulfil our duty towards the Nation
The words of the Prime Minister from the Red Fort were welcomed by all sections of our society. India Inc has welcomed the development strategy of ‘panch pran’, which lays down five resolutions to fulfil and ensure that the country stands as the Viksit Bharat in then couple of decades.
If a country has to succeed in achieving any of its goals, the vision and the mission has to be set very clearly with accompanied with proper planning and execution of the same and India is on the correct path of doing so in the next few years given successful various new initiatives of the government.
The Message of the Aatmanirbhar Bharat will be the growth driver in the Indian economic journey. Aatmanirbhar Bharat should be taken as a social agenda of the country rather than a government scheme. We should be self-reliable in the fields of organic farming, green jobs, and the space sector, where India could develop its strength from its own resources and skills.
India, as a country is on the path to become self-reliant and is moving swiftly towards the path of achieving the target of becoming Viksit bharat. The recent pick up in the economic activity in the tough times where the entire world is tackling rising inflation and recession fears indicates that our country can be torch bearer for the whole world for the coming couple of decade which will show the world the path of development and growth.
PM Modi in his speech highlighted the importance of the technology, research and innovation in the development of any country and raised the slogan of ‘Jai Jawan, Jai Kisan, Jai Vigyaan aur Jai Anusandhan’. India is expected to go ahead with the 5G spectrum services and also opticl fibre work in the rural areas is running with full flow indicating that the next few years will be led by research and innovation in India.
As far as the Indian Equity markets are concerned, we expect that the Indian stocks and markets are expected to remain in the sweet spot both with the domestic investors and the foreign investors portfolio. Given the shift the mood of the foreign institutions in the last couple of months, we expect market to hit fresh highs and corrections may be utilized to create fresh portfolio for the long term investments.
Now the million-dollar question is where the money has to be invested, which sectors are expected to outperform and the timing of the investment. Below are the sectors which are expected to remain in the flavour in the coming quarters and years:
1. Banking
2. Autos
3. Auto Ancillary
4. Information technology
5. Consumer Discretionary
6. Cement & Paints
We expect markets to face short term challenges in the coming months from the global as well as the domestic front but the long term picture seems to be on the brighter side from the long term investment point of view. Investing is the matter of thought for the long run and is not for a day or two. It is not easy to multiply the wealth easily and needs lot of efforts and discipline. Whether you’re having a good day or a bad month, it’s important to stay level headed. If you get fumble you’re likely to make mistakes and if you get too down on yourself you might start questioning yourself and your plan. It’s easy to let the psychology take a hold of you, so remember what you’re doing and why you’re doing it.