India Gets Back on Track – Getting growth back is non-negotiable

08th June 2020

At JainMatrix Investments, we want to encourage India to get back on Track, so we are going to publish a series of articles and track stories in this space. Here we go, click LINKS:

  1. Getting growth back on track is non-negotiable: Uday Kotak (EcoTimes) – 08th June 
  2. Post Covid Opportunities – Global Work Force (Nasdaily) – 8th June
  3. Impetus To Realty Demand, But More Needs To Be Done (NDTV) – 06th June
  4. Collections improving, demand picking up in rural India (EcoTimes) – 06th June
  5. View: How to get Make-in-India to work this time (EcoTimes) – 05th June 
  6. Effects of Unlock 1.0 as new guidelines come into play – (IndianExpress) – 05th June 
  7. Cabinet approves amendment of Essential Commodities Act (Livemint) – 04th June 
  8. Goods movement pickup in May signals economic revival (Livemint) – 04th June 
  9. PM’s First Major Address On Economy After Unlock 1.0 (ndtv.com) – 03rd June 
  10. Five Indian states are leading in the recovery from lockdown – (EcoTimes) – 03rd June
  11. India’s 3-phase ‘Unlock’ Plan starts at last (ToI) – 1st June 
  12. Supply to improve post-unlock 1.0; demand pickup may be slower (Livemint) – 1st June 
  13. Over 1.65 lakh people traveled in 2,198 flights since Monday: Puri (Livemint) – 30th May 
  14. The global supply chain is being reconfigured, India can gain (EcoTimes) – 30th May
  15. Nearly 65,000 cured from COVID-19 in India, 42% recovery rate (Livemint) – 29th May 
  16. An India lockdown survey: The good, bad and the ugly (Eco Times) – 29th May 
  17. How is India doing against COVID19 in 3 graphs – 28th May
  18. Covid-19 proves the importance of telecom in India (Eco Times) – 28th May
  19. India runs on Rails: MORE TRAINS BASED ON DEMAND (Fin Expr.) – 27 May
  20. MY TAXI HAS VEHICLES WITH PPE KITS, CURTAINS (Eco Times) – 27th May
  21. COVID-19 Is Fast-Tracking Digital Transformation – 26th May 
  22. HOW DHARAVI IS TACKLING THE COVID INFECTION RATE – 26th May 
  23. AFTER 2 MONTHS, FLIGHTS ARE BACK – 25th May
  24. HOW INDIA INC. GOES BACK TO WORK, LEADERSPEAK (Eco Times) – 25th May
  25. A THIRD OF NSE MFG FIRMS BACK AT WORK (Eco Times) : 23rd May
  26. MAHINDRA FACTORY – COVID CARE READY – 23rd May
  27. We actually wrote about the need for a lockdown in Mar 2020 – CALL IN THE INDIAN ARMY TO HANDLE THIS EMERGENCY – 20th March

We have been tracking this infection since March when it came to India and we had to declare the lockdown.

Today, 2 months on, we are at a different phase in the economy. The first phase of lockdown and defense against this virus has been by and large successful in India. We did not have a massive early spike in cases. We did far better than Spain and Italy and USA  in the early phase. We have been able to set up Covid hospitals, track infection cases, close our borders and airports and more or less, slow initial infections. The statistics today is that we have 125,000 infections and 3,720 deaths from the infection. This is a very very small number for India’s population.

After the very strict lockdown 1.0, we have had lockdown 2.0, 3.0, 4.0 and now Unlock 1.0. The fact of the matter is that the economy has suffered immensely. Crores of people lost their jobs due to the lockdown. Many had to migrate back to their native places due to loss of wages. The economic losses are much more severe from the economic slowdown. Now that the infection is in control, we need to reverse our losses and regain the momentum. Even as we take sufficient precautions.

Both demand and supply were frozen, and it will take a massive effort from each of us for the economy to regain momentum. Its now time to open up our economy and as far as possible, get back to normal. We have to understand that this virus will not go away, it is we who have to adjust to it. Even as we maintain social distancing, and wear masks, and wash hands regularly, the important thing now is to dive back into business and some semblance of normalcy.

Regards,

Punit Jain

DISCLAIMER

This document has been prepared by JainMatrix Investments Bangalore (JM), and is meant for use by the recipient only as information and is not for circulation. This document is not to be reported or copied or made available to others without prior permission of JM. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, JM has not independently verified the accuracy or completeness of the same. Punit Jain and JM has no ownership or known financial interests in any company mentioned in this note. Neither JM nor any of its affiliates, its directors or its employees accepts any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient’s particular circumstances and, in case of doubt, advice should be sought from an Investment Advisor. Punit Jain is a registered Research Analyst under SEBI (Research Analysts) Regulations, 2014. JM has been publishing equity research reports since Nov 2012. Any questions should be directed to the director of JainMatrix Investments at punit.jain@jainmatrix.com.

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