The year 2017 was bullish for the Indian stock markets, though economy was in a bumpy road.Market has survived hard times of impetuous demonetization and initial errors of goods and services tax.Continuous economic reforms have taken its toll on the economy all throughout the year. Nonetheless, experts have the strong conviction that in the long term, this hard ride will pay off. These reforms, aimed at curbing the menace of black money and better taxation, are expected to meet those goals by FY19. The GDP growth rate in Q1FY18 and Q2FY18 are 5.7% and 6.3% respectively. Clearly we see recovery from the temporary uncertainties throughout the year, although this has also been attributed to unclear tax regulations and other GST glitches. The companies increased production and replenished stocks after the GST rollout,...
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