Why The Upcoming Elections Is One Of The Most Important Phase For Your Long Term Investments?
India is said to be the largest democracy. Legislature, Executive and Judiciary are considered to be the three Pillars of our democracy, media is also considered to be an additional one. The one responsible for the making all the rules and policies are the ones at legislature namely the government.
However, the duty of the well-running of the country is not just the responsibility of the above mentioned institutes but its also our responsibility to vote and choose the best representative with 100% objectivity and no partiality and after proper analysis of the individuals perspective as well as perspective of the political party, of which she/he is a member.
The parliament is responsible for making adequate decisions and policies for the entire country. The laws made by such governments at power, affect your daily life, not just only the standard of living but also your investments.
There are various decisions such as taxation policies and industry wise concessions. There are many sections of the Income tax Act, 1961 which are implemented just to promote investment in a particular sector too such as manufacturing. Various sections of the GST law also give extra support to some special industries such as health and education. The approach and interests of those at power, lead to the improvement of the segments which the governments promote, depending on the interest of the policy makers. In the past few years, the services of Indian traditions such as yoga were given extra benefits such as exemption from GST.
As said above, the policies of the government affect our decision of investment in a particular field of business. This is one of the biggest reasons as to why the stock markets rise or fall drastically when a national level election is affected, depending on the attitude of leader, who is most likely to win or on basis of stability of the government. They decide which industry is going to flourish better than others. The behavior of the government and its attitude towards the business, guides the investors on how much the industries are going to grow and evolve. They also decide upon various economic decisions such as demonetization on November 08, 2016, which affect our daily life and normal day to day workings of the business as well as the individual households.
The above phrases make it evident that our country’s future leads on whom we elect as our leader today. We have to abide by the policies and rules formulated by our leaders and if we want our nation as well as the business industries to flourish, we have to be very careful in choosing our leaders. This includes the attitude towards the economic as well as humanitarian aspects of vision of those in power.