Indian Accounting Research Analyst, Trudence Capital Advisors

Nitin Mangal

Nitin is founder of Trudence Capital with more than 15 years of experience in Indian equities. He is Pioneer of Corporate Governance and Accounting Research in Indian Market and has successfully developed product for Institutional Investors named as "Analysis Beyond Consensus" during his association with Edelweiss Securities Ltd, Mumbai.  Later during the career, he has worked with Veritas Investment Research Corporation, Canada as Asia Consultant covering Indian and US equities. He has been profiled by leading financial news papers such as Wall Street Journal, Financial Times, Business Standard etc.

Indian Accounting Research Analyst

Thematic (Sector/Industry)

India Consumer discretionary / Thematic (Sector/Industry)

<p>Modi Government has been elected for a second term by the people with very high hopes, the first term of the Government was termed as a reformist government with the implementation of GST, Bankruptcy Law, bold steps like demonetization was looked as an attack to black economy. Since the start of the second term, economy has faced lot of headwinds with economic slow down, decade low GDP, high unemployment rate etc. </p>
<p>As Modi Government is known to take bold steps be it financial decision or political, there were high hopes across industry that in current budget they will come out with some bold measure, which can put economy back on track. Reading of fine print of budget suggests more of a disappointment rather than an encouragement to the economy. </p>

Modi Government has been elected for a second term by the people with very high hopes, the first term of the Government was termed as a reformist government with the implementation of GST, Bankruptcy Law, bold steps like demonetization was looked as an attack to black economy. Since the start of the second term, economy has faced lot of headwinds with economic slow down, decade low GDP, high unemployment rate etc. 
As Modi Government is known to take bold steps be it financial decision or political, there were high hopes across industry that in current budget they will come out with some bold measure, which can put economy back on track. Reading of fine print of budget suggests more of a disappointment rather than an encouragement to the economy. 

India Budget 2020 : A Lost Opportunity