I am one of these 20 guys
Have a look at this. This data is actual data of September Quarter.
https://tradingqna.com/t/gst-and-demo-benefits-economy/21936/2?u=haribabu
I am running industry since 2000. I know what is GST and DEMO.
I know how much economy was running with Cash.
Henceforth that cash economy is becoming formal economy, then what it means ?
75% of retail sales being done by digital transactions now. Even myself not doing any expenses with Cash.
People who were doing business with cash will suffer so they are crying.
One guy in a group asked me a question that Gujarati’s have planned massive down movement of Market on Dhanteras. I did not accept it. But some thing is cooking. That is proved.
Market fell today due to global factors not because of GST or DEMO. if NIFTY PE is the problem what happened to other global markets? They don’t have DEMO or GST.
people have started SIP they are not going to stop it now. Hope you know what it means.
More money will flow into markets and corporates will get interest free funds. This is what is the need of the hour because RBI is not reducing rates.
Everything is going in the right direction. Markets fell 400 points two times in the last four months.
If China slows that is bad for global economy not india because commodities prices may fall that will reduce inflation especially Crude.
India is running with Domestic consumption.
I would be buying shares If I had money.
Buy when the Blood is on the street and sell when everyone buys. 