Upbeat on India; aviation to become profitable: IDFC Sec

The recent measures taken by the government will help build a strong foundation for the future believes Nikhil Vora, MD & Head-Research, IDFC Securities. So he is no longer bearish or negative on India. “My sense is that the last one year of hyperactivity which this government has shown, will only be further accelerated with whichever form the government comes in over the next one year,” says Vora in an interview to CNBC-TV18. For example, Direct Cash Transfers initiative could potentially help root out corruption and could hlep us save close to Rs 50,000-60,000 crore 4-5 years down the line. Similarly, if Direct Taxes Code (DTC) and Goods and Services Tax (GST) is implement it will add about 100 basis points to gross domestic product (100 bps) and will possibly increase tax to GDP collection steeply upwards, from current 11 percent, adds Vora.
Read news in full 11/10/13 CNBC TV 18/moneycontrol.com