government actions and stock markets side effects
Indirect tax reformed
Direct tax would be reformed.
Tax reduction reduces commodity prices used generally.
Reduced commodity prices increase consumption.
Increased consumption results growing output and more expenditure.
Growing output means improving GDP.
Improved GDP means improving results by domestic companies.
Improved results means increasing valuation of the companies.
Increased valuation means high stocks prices and better market valuation
Which resulted clean balancesheet
Clean balance sheet means improving Assest quality.
Improved Assest quality means increasing credit growth.
Increased credit growth means corporate borrowing for working capital.
Corporate borrowing means expansion in the existing capacity.
Expansion in existing capacity means work force requirements.
Work force requirements means generations of employment.
Generation of employment means reduction in gap of rich vs poor.
Many things left and add in next post