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JP Morgan view on Indian Economy


Kiran

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"I don't worry about quarterly numbers ... India is growing faster than any other country on the planet. The government has made a lot of changes, which is going to be very good for the future. The effect that they have next quarter is not going to say much but a lot of good changes that are been made with Aadhar, GST, and the Bankruptcy law, all of which are and will be very positive. You have a very good and strong Prime Minister and he has made a lot of changes. We got an update on some of the actions that the government has taken and more actions that he wants to take such as more affordable housing.

 

We shared with him what JP Morgan does here in India. We do research on 120 Indian companies and this research, along with our macro-economic views, are shared around the world, which helps the world to learn more about India. We also serve almost 500 MNCs that conduct business in India. http://economictimes.indiatimes.com/markets/expert-view/foreigners-it-seems-are-more-optimistic-about-india-than-indians-themselves-jamie-dimon-jp-morgan-chase/articleshow/60788681.cms

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Law ni frame chesi 

sabhallo pass cheyyinchi 

notify chesi 

implement chese lopu 

 

loop holes kanipetti 

as it is ga ....vaalla own way lo 

business cheyyadaaniki alavatu padi poyaru India lo 

 

Central govt nundi State govt varaku .... Street level varaku 

monitor chesi stream line chesthee kani GST ni stabilize cheyyadam kashtam 

 

mana India lo blind ga invest chese Reality lo further investements

mundu laa pump kavadam ledu

only blind Gold lo ne peduthunnaaru 

 

ika manufacturing & service side industries ki 

GST debbaki confidence ravadam ledu evvarikee invest cheyyadaaniki 

 

jp morgan lanti videseeyulaku ivannee understand kavu 

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Demo execution messed up but there are benefits money is tracked now, shell companies identified, tax returns increased, banks flourishing etc.

 

just 200 note thoo 

2k note ni withdraw chesthee 

black money konta dorukutundi 

 

biggest note ga 500 nee pedithee 

online ki vasthaayi 

 

aa daring step ippudu bjp theesukonee situation lo ledu 

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just 200 note thoo

2k note ni withdraw chesthee

black money konta dorukutundi

 

biggest note ga 500 nee pedithee

online ki vasthaayi

 

aa daring step ippudu bjp theesukonee situation lo ledu

All big transactions tracked ga currently malli govt change ayye varaku no problem anukuntunna it will be under control

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start cheyyadaanni thappu pattadam leedu 

 

chala slow ga veluthunnaaru 

pakkagaa careful ga serious ga speed gaa cheyyadam ledu 

 

at the same time 

post demonetisation binami act rides jaripi vundaalsindi 

 

inthavaraku ledu .... only tn karnataka etc political enemy catch type activities thoo tuglak lu avuthunnaar 

 

mana state govt employee ma chittoor Raghu Reddy garu 500 CR + ni ACB pattukonee varaku 

Central radars ki ekkada dorakaledu ..... adi binami company lu lands ni .... just oka case study 

 

ee lekkana A2 lanti professional KD lu entha careful ga vuntaaru .... avannee eppudu pattukontaaru 

appati varaku govt vundaali kadaa .... Cong / kachada alliance govt lu vasthee 

mallee modatiki vastundi evvaaram 

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IT department DW + Mining + Analytics s/w konnaaru last year Oct loo 

 

daani processing loo vaccheevi matram auto notice lu generate avuthunnaayi 

 

e roju hyderabad lo Polaris & other IT company employees

IT lo Health Re-reimbursement mass ga chesukoni dorikipoyaaru 

attaanti chinna bakaralu dorukutunnaaru aa s/w thoo 

 

ma area lo oo marriage flower decorator ni catch chesaru ....aadu 2 Cr house ki 50+ lac bank loan theesukonnaadu 

load sanction ayyaka dorikaadu .... but 40 L IT dept private settlement thoo vadileesaaru ...

 

ilaanti chillara case lu chalaa jarigaayi ap karnataka circles loo naaku thelisina vaallaloo 

 

konni results ayithee vastunnaayi .... but auditors thoo pakkaga fraud chesina vaallu evadoo dorakadam leedu 

innocent ga auditor enduku dhandaga anna vaallu dorukutunnaaru 

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Demo execution messed up but there are benefits money is tracked now, shell companies identified, tax returns increased, banks flourishing etc.

 

Actually if govt wanted to do this, I'm sure 90% of these companies would have been caught without Demo. Shell companies is just an excuse that is being projected for failure of Demo. 

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"I don't worry about quarterly numbers ... India is growing faster than any other country on the planet. The government has made a lot of changes, which is going to be very good for the future. The effect that they have next quarter is not going to say much but a lot of good changes that are been made with Aadhar, GST, and the Bankruptcy law, all of which are and will be very positive. You have a very good and strong Prime Minister and he has made a lot of changes. We got an update on some of the actions that the government has taken and more actions that he wants to take such as more affordable housing.

 

We shared with him what JP Morgan does here in India. We do research on 120 Indian companies and this research, along with our macro-economic views, are shared around the world, which helps the world to learn more about India. We also serve almost 500 MNCs that conduct business in India. http://economictimes.indiatimes.com/markets/expert-view/foreigners-it-seems-are-more-optimistic-about-india-than-indians-themselves-jamie-dimon-jp-morgan-chase/articleshow/60788681.cms

FIIS are continously exiting Indian markets. They know better that this demonstration and GST mess will be there for one more year.

 

If they are positive on India why they are moving out of us?

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India is definitely in a big upward momentum in macros, any one or few sluggish micros, in any intermittent period or two, can not reverse this positive impetus; Not a head breaker to figure out.....

 

(JP morgan is right there, but a caution, do not take these western financial institutions blindly on their word, lot of their interests & motives mingle in what ever may be  their pronouncements & analysis are.)

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Demo execution messed up but there are benefits money is tracked now, shell companies identified, tax returns increased, banks flourishing etc.

 

Cyclist-Loopholes identify cheyatam common, govt fix cheyalani chudatam common

 

Kotha vi vachinappudu confusion common it will take time but evado okadu start cheyali ga

 

If we takeout local political under currents & passions from equation and view, Kiran bro's thinking is appearing pretty close to CBN's musings on these reforms; All, do pay close attention to where AP CM is at....

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tea lu ammukune edavaki inthaku minchi em goppa aalochanalu vasthayii ....

 

next chuttalu chuute vadu evado vasthadu sympathy tho ..over hypcrocy athi manchithanam thoo aadni kkoda gelipisthe ...

 

desannii kooda chutta chutti ammesthadu ... !!

 

hand batch emo rahul band vaayinchi unnadi oodagottukunnaru ...sare ani pradhani padhavi ee pichhi puvvu gurt gallakisthe ..illa parri

 

aa jaitley gaadu evadithey unnado .. kodukuki koosi kaaram pettali ..chaala chinna choopu veellaki telugu vallu ante..

 

 

No offense plzz ee pichi puvvu gallu  desanni brashtu pattisthunte sahanam kolpovalsi vasthondhi !!

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nijaalu maatladukunte .. 100 kotla saamanya bharateeyulalo avineethi akramarjana tho nalla dhanam kooda pette bharateeyulu kaneesam laksha mandhi kooda undaru ...

 

mari nalla dhanam ekkadundhi ....adhikaarula illalo undhi ....praja nayakula roopamlo unna praja kantakula beeruvallo ghollu mantondhi ....

 

nyaa vyavstha gaadi thappinche gunta nakkala videshi banklalo mooluguthondhi .... 

 

chattalani dabbutho adhikaramtho thama chuttalanu chesukunna chemchagalla foriegn accountski ddari mallindhi ... ivanni ee tealu ammukune vadiki theliyava...

 

amayaka bharata prajal meedaku lanchagondii dagulbaagi adhikarulanu pamputhada...!!

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meerantha adogochu maa pakkintodu lancham ichadu... edhurintodu rules violate chesadu .. vallu amayakula ani

 

vikruthamina ... praja peedana chattalanu ...lanchalu dhandukone yochana tho adhikarulu roopondinchatam ..

 

vaatini emitheliyani chimpanjeelanti nishanilu ...brokerlu ..sara rayullu ..tealu ammukune nallu .. lanchalu ruchi marigina mla lu mplu aamodinchatam...!!

 

marukshaname prajala pi gudhi bandaluga ee chattalu ..paniki raani kevalam prajalani dooochukune yochan tho roopondina chattalu kookollalu ...

 

amayaka prajalu emchestharu...aatambhimanam champukuni...prathi adhikariki thalonchuthu ..mudupulu samprpinchukuntu ...

 

enthakalamani poradtham ani sardukupothunnaru ...

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prapanchamantha recession vachi athalakuthalam avthunte....

 

mana bharta desa economy  maatram paregethapoina kaneesam kuntuthu .. mukkuthu muuluguthuu edo vidhamga piki kadlthondhi ...

 

analochitha demonetization tho  .... athi aalochitha GST tho ..Indian economy kallu virragottadu ...ee tealuu ammukune vadu ..aa chitley gaadu kalisi !!

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entra GST ante one nation one tax aaaa .. em caption pettarra ....one nation one tax ante ento telsa raa meeku ...??

 

okkate tax anta ardham ...pencil konna vimanam konna, rubber nundii rocket dhaka okkate tax rate unte dhanni one nation one tax antaru .anthe kani (5,10,12, 18 ,28 enntra ee slabs) ..poni vadileyy

 

one tax annaka 28%GST tho malli income tax endira ... imports tax entra .. .custom tax entra ....

 

aslu nee rubabu enti ..as a govt nee valla business growth ki nu em peekav ani ..chillara chanda xxxxx kanna ghoram ga thayarayyarra

 

govt deggara dabbullev annav .. malli sept end nunchi central govt employees jeethalu penchatam deniki...unna dabbu antha america vadiki kattu ra 

 

hand batch gallu digutha oama gaditho 100 billion dollar arm deal sign chesaru ..adhi ee successive govt vacinaa kaduthu undali..

 

jeethalu penchuthav malli .. nelaki 3 lakhs saripotleda ra meeku adhukarulaki ...

 

a 100 billion dollars evo india lone thagalesthe america amma abbanu gurtu chese ayudhalu thayaru cheya galam ...janam kastanni istam vachinattu

 

karchu chesi malli dabbullev ani dobbatiniki vastharu ...kharma ra baabu !!

 

bharateeyulante emanukuntunnav .. velli tealu ammukoraa ...nekenduku ra pradhani ...opposition lo aa paki rahul cross breed gaadu ..

 

ekkadnundi vastunnarraaa ...mee mohalu mirror lo chooskondira kaneesam bharat desam lo bichagllu kooda mee iddarikanna better ga aalochistaru ...!!

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In coming days crude oil price going to increase this will be more burden to the country.

 

Modis work didn't reach minimum expectations. He is utter failure in bringing up the country economy

don't know if the hatred on Modi is because of his treatment towards AP or the real belief that Modi is doing harm to the economy.

 

The benefits of CBN's hardwork showed in Jaffa's first term and he took the credit. Same with MMS.. The fruits of Vajapayee's govt showed in MMS govt first term.. not much was done in the first term of MMS, so his second term suffered. Not much was done in his second term, so economy will struggle for some more time.

 

coming to Modi's work, demonetization is a failure if you consider that amount of black money that the govt got . The expectation was that the govt will get more than 1lakh crore black money which didn't happen.. but on the other hand lot more people were brought into the tax net... that means over a period of time we will be seeing the benefits.

 

The roll out of GST is not perfect... Govt should have done better planning... but at the end of the day, things will get better.

 

The big problem that I think is causing the slow down is black economy.. Govt is going after the black economy like never before and this is having a very big impact on overall economy of the country. This only shows how big Black economy is in this country.

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entra GST ante one nation one tax aaaa .. em caption pettarra ....one nation one tax ante ento telsa raa meeku ...??

 

okkate tax anta ardham ...pencil konna vimanam konna, rubber nundii rocket dhaka okkate tax rate unte dhanni one nation one tax antaru .anthe kani (5,10,12, 18 ,28 enntra ee slabs)

 

FYI.... tax rates are not decided by one person... it is a big group of people from many states.... every state is afraid of losing tax money, hence varied tax rates. It takes many more years to get the uniform tax rates... still it doesn't mean all the items are equally taxed.. Few items like cigarettes, alcohal, petrol etc will always be taxed higher.

 

 

one tax annaka 28%GST tho malli income tax endira ... imports tax entra .. .custom tax entra ..pooni vadileyy ..

 

one tax is for sales tax and taxes related to it bro... it doesn't eliminate other taxes you mentioned.. and it hasn't happened any where... your understanding is wrong.

 

bharateeyulante emanukuntunnav .. velli tealu ammukoraa ...nekenduku ra pradhani ...opposition lo aa paki rahul cross breed gaadu ..

 

ekkadnundi vastunnarraaa ...mee mohalu mirror lo chooskondira kaneesam bharat desam lo bichagllu kooda mee iddarikanna better ga aalochistaru ...!!

 

Dhirubhai Ambani kuda bunk lo petrol/diesel ammadu.. but he did a much better job than you and me..  Modi vaste nii jebulo crores vachhi padatayi ane dream lo vunnattu vunnavu bro. ippudu raledhani Modi anatam enduku.. Modi daggara Allauddin depam emi ledhu bro... and we need patience to see the benefits

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