Insight Magazine – January, 2020

If there is one thing that 2019 taught us, it is to deal with unpredictable situations. Although we did not see a Black Swan event in the calendar year, it will be fair to say we had a close brush. On the positive side, as I wrote earlier, the super majority mandate won by the Modi government provided a perfect platform for continuation of reform process and assured political stability. However, the lack of economic growth in the second half of the year, along with a deteriorating micro economic situation has created its own challenges. What is even more concerning is whether the government despite its best intentions, will be able to address these issues in 2020. It is with this background that I want to share with you how Ambit is dealing with the current macro and micro economic environment.