Indian CPSEs: Building Blocks Of “New India”


Market capitalization of CPSEs at BSE increased from 13.66% as on 31 March 2016 to 14.61% as on 31 March 2017. Interestingly 50 CPSEs traded on stock exchanges of India as on 31.03.2017. Based on stock prices on Bombay Stock Exchange (BSE), as on 31.03.2017, the market capitalization of 50 CPSEs stood at Rs. 17.76 lakh crore as against Rs. 12.94 lakh crore stood as on 31.03.2016. Thus, there was increase in market capitalization of CPSEs by mammoth 37.24% (Rs.4.82 lakh crore) as on 31.03.2017 over market capitalization as on 31.03.2016. Important to note that after Modi government has taken charge of the country, the whole economic environment has changed and as bourses noticed a sudden spurt, CPSEs have showed their real mettle and many of the top performing PSUs became the darling of both institutional and as well as retail investors, Explains Amit Bhanot in the Cover Story of  Governance Democracy & Politics (GDP) Magazines’ 3rd Annual PSU Handbook 2018

It is an open secret that during last one decade Indian economy has completely changed its paradigm and galloped at a sustainable rate of 7% pluse on year on year basis to become one of the best performing large economies of the world. In fact in 2017 Indian economy pipped France to become world’s 6th largest economy with a whooping size of $2.59 trillion and the way we are growing and the fashion in which Indian financial story is panning out, years are not far when we will enter into $10 trillion club economy. Even experts believe that Indian economy will become 3rd largest economy by 2030 surpassing the psychological mark of $10 trillion.

No wonder that all the big global corporate giants are staring at India as the sweat spot to invest their booty, as India is among the few economies that can really give them a sustainable return that too at quite handsome rate.  Interestingly, with the fastest growing economy tag of around 7% growth, which is about to gain momentum in the near future and slated to cross 8% by 2020, surely Indian story seems to be intact and quite vibrant too. In fact under the leadership of iconic PM Shri. Narendra Modi, who is leaving no stone unturned to give impetus to Indian economy along with a very positive demographic profile with mammoth population of youth, surely India is all set to become economic powerhouse of the world.

Experts believe that growth of Indian economy is quite vital not only for the wellbeing of Indian citizen and creation of jobs but for the world as well, as India, due to its mammoth consumption power and strong demographic profile considered as a “sweet spot” of Global Economy. What is more encouraging is that despite a bleak global economic scenario, Modi  government is trying hard to put India’s growth engine back on track via various initiatives like Implementation of GST, Make in India, Mudra Bank Initiative, various reforms, liberalization of FDI limits in various sensitive sectors like defense, manufacturing, insurance etc. Also crackdown against black money in the form of Demonetization has not started showing positive results, as tax payers base has increased by whooping 25% and tax collection has shot up by mammoth 42% as on August.  Already “Make in India” campaign, initiated by PM Narendra Modi is creating ripples at the global platform and leaps that India is taking in terms of “ease of doing business,” it would be no surprise if India can replace China as manufacturing hub of the world.

This article is part of GDP Magazine’s 3rd Annual PSU Handbook 2018

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