07th July 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. Record surge in sales of vacuum cleaners, dishwashers, DIY products – (ET) – 07th July 
2. Labour shortage, factories go the extra mile to woo migrant workers – (ET) – 07th July 
3. PMI, GST mop-up point to a pickup in economic activity – (LiveMint) – 02nd July 
4. India Inc’s big bet on Bharat saving the day – (LiveMint) – 02nd July
5. Green shoots in Bharat lead country’s economic revival – (LiveMint) – 30th June 
6. Opinion | The onus is on us to conquer fear – (LiveMint) – 30th June 
7. Not two years, 200 projects finished during lockdown: Railways – (ToI) – 29th June 
8. Bankers in India are more productive working from home – (LiveMint) – 29th June 
9. Global equity markets are likely to continue their up move – (BizStd) – 27th June
10. Migration is reversing: Trains from UP, Bihar run full – (ToI) – 27th June 
11. Indicators of economic recovery in India – (EcoTimes) – 24th June
12. Get India fully back to business, says India Inc – (EcoTimes) – 24th June
13. Post-crisis, increase integration with global economy – (EcoTimes) – 20th June
14. Kharif planting rises 40% on strong monsoon start – (EcoTimes) – 20th June 
15. Maruti Suzuki’s model can make India a global mobile mfg hub – (EcoTimes) – 18th June 
16. Indian economy to recover very fast: HDFC Bank CEO – (EcoTimes) – 18th June 
17. A COVID-19 workplace readiness tool for organisations – (IISC) – 17th June 
18. It is time to be a little positive on financial space – (EcoTimes) – 17th June 
19. Exports bounce back to last year’s levels in June – (EcoTimes) – 16th June 
20. Unemployment rate declines sharply as India exits lockdown – (Livemint) – 16th June 
21. Local trains, Mumbai’s lifeline, resumes services – (Livemint) – 15th June 
22. Construction work restarts at over 100 projects in NCR – (EcoTimes) – 15th June 
23. Govt urges use of bicycles, EVs to mitigate risks – (EcoTimes) – 13th June 
24. ‘Digital is the Key to Unlock this Disruption’ – (EcoTimes) – 13th June 
25. ‘Put the money in Indian stocks, forget till 2025’ – (EcoTimes) – 12th June 
26. Loans are getting cheaper, HDFC cuts lending rate – (EcoTimes) – 12th June
27. View: Replacing China imports possible, even in EVs – (EcoTimes) – 11th June 
28. ‘Time for Bold Investments, not conservative decisions’ – (Livemint) – 11th June 
29. After steep falls, June exports show signs of improvement (EcoTimes) – 10th June 
30. Partial lockdown lift gives work to 21 million; not salaried class (EcoTimes) – 10th June 
31. Covid-19 is no plague or cancer; fear psychosis unnecessary (EcoTimes) – 09th June
32. Import-intensive spending likely to feel the pinch – (EcoTimes) – 09th June 
33. Getting growth back on track is non-negotiable: Uday Kotak (EcoTimes) – 08th June 
34. Post Covid Opportunities – Global Work Force (Nasdaily) – 8th June
35. Impetus To Realty Demand, But More Needs To Be Done (NDTV) – 06th June
36. Collections improving, demand picking up in rural India (EcoTimes) – 06th June
37. View: How to get Make-in-India to work this time (EcoTimes) – 05th June 
38. Effects of Unlock 1.0 as new guidelines come into play – (IndianExpress) – 05th June 
39. Cabinet approves amendment of Essential Commodities Act (Livemint) – 04th June 
40. Goods movement pickup in May signals economic revival (Livemint) – 04th June 
41. PM’s First Major Address On Economy After Unlock 1.0 (ndtv.com) – 03rd June 
42. Five Indian states are leading in the recovery from lockdown – (EcoTimes) – 03rd June
43. India’s 3-phase ‘Unlock’ Plan starts at last (ToI) – 1st June 
44. Supply to improve post-unlock 1.0; demand pickup may be slower (Livemint) – 1st June 
45. Over 1.65 lakh people traveled in 2,198 flights since Monday: Puri (Livemint) – 30th May 
46. The global supply chain is being reconfigured, India can gain (EcoTimes) – 30th May
47. Nearly 65,000 cured from COVID-19 in India, 42% recovery rate (Livemint) – 29th May 
48. An India lockdown survey: The good, bad and the ugly (Eco Times) – 29th May 
49. How is India doing against COVID19 in 3 graphs – 28th May
50. Covid-19 proves the importance of telecom in India (Eco Times) – 28th May
51. India runs on Rails: MORE TRAINS BASED ON DEMAND (Fin Expr.) – 27 May
52. MY TAXI HAS VEHICLES WITH PPE KITS, CURTAINS (Eco Times) – 27th May
53. COVID-19 Is Fast-Tracking Digital Transformation – 26th May 
54. HOW DHARAVI IS TACKLING THE COVID INFECTION RATE – 26th May 
55. AFTER 2 MONTHS, FLIGHTS ARE BACK – 25^th May
56. HOW INDIA INC. GOES BACK TO WORK, LEADERSPEAK (Eco Times) – 25^th May
57. A THIRD OF NSE MFG FIRMS BACK AT WORK (Eco Times) : 23^rd May
58. MAHINDRA FACTORY – COVID CARE READY – 23^rd May
59. 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.