SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Low GDP growth is temporary, things will improve in future: Ravi Shankar Prasad

12 Sep 2019 Evaluate

Amid India’s economic growth slowdown, Union minister Ravi Shankar Prasad has termed the low Gross Domestic Product (GDP) growth as a ‘temporary phenomenon’, and expressed confidence that things will improve in future as the fundamentals of Indian economy are strong. He added that the government is taking all necessary steps to boost the economy. Talking about the 5% GDP growth registered in the first quarter of the current fiscal (Q1FY20), he said that global as well as local factors were responsible for it.

The minister said the fundamentals of Indian economy are very strong. While inflation is 3.15%, fiscal deficit is 3.4%. He said ‘we have kept both under control’. Moreover, he said India has attracted $16.30 billion of foreign investment in Q1 FY20, a rise of 28% as compared to same period of last year. Besides, the country’s foreign exchange reserves stand at $428 billion.

He further said that tax collection is also an important parameter. Income tax collection was Rs 10.02 lakh crore in 2017-18 against Rs 6.38 lakh crore in 2013-14. Even Goods and Services Tax (GST) collection for August 2019 was Rs 98,202 crore, increase of 4.51% from August 2018. Prasad also announced that from the next month, income tax notices will not be served directly to tax payers. Notices will be routed into a system which will take a call after examining them.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: