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In 2017, India will see the implications of Government’s previous announcements especially the first quarter of the calendar year will be very important as the economy would get to know the full impact of demonetization and introduction of GST. As soon as the economy revives from the ongoing cash crunch, the markets are expected to bounce back due to increased consumption demand. Probabilities of declaration of softer Taxes in the upcoming budget are there, that may help accelerate the momentum of the economy further. The recovery will be fueled by the channeling back of ‘black money’ into the economy for productive deployment, rollout of GST and increased usage of digital payments.

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