Sectors to benefit immediately 2023 onwards.

Ans: If person is earning 9 lacs from salary and have invested Rs.1,50,000 for tax saving (housing loan/insurance/mediclaim/NPS/tax saver MF etc); new tax regime will be beneficial after changes proposed in Budget 2023 for slab rate and standard deduction. Gross tax liability (without cess) under old regime will be Rs.52,500 and under new regime it will be Rs.40,000.

Ans: Sector wise I see automobiles, auto ancillaries, consumer durables, fmcg (due to extra cash in hands of middle class tax payers), pharma and speciality chemicals doing well. Maruti, Motherson Samvardhana, Dabur, Whirlpool, Voltas, Zydus Life, Deepak Nitrite are some of the picks for long term.

Ans: Already covered that a bit earlier - automobiles, auto ancillaries, consumer durables, FMCG, pharma as well as speciality chemicals

Ans: Good morning Sai,

It's great that you're interested in understanding the sectors that have contributed to the Indian economy and growth over the past six decades. I'll list a few of the key sectors and briefly explain their significance in the coming one to two decades.

1. Agriculture: Agriculture has been the backbone of the Indian economy, with over 50% of the population engaged in this sector. In the next one to two decades, modern farming techniques and digitization will play a significant role in increasing productivity and efficiency.

2. Textiles: The textile industry has been a major employment generator and contributor to India's export earnings. Going forward, focusing on sustainable practices and adopting advanced technologies will be crucial for this sector's growth.

3. Information Technology (IT) and IT-enabled Services (ITeS): The IT sector has propelled India onto the global stage and significantly contributed to the country's economic growth. In the coming decades, new technologies like Artificial Intelligence, Internet of Things, and 5G will open up new growth opportunities.

4. Infrastructure and Construction: Infrastructure development has played a crucial role in India's growth story. The next one to two decades will witness continued focus on improving roads, ports, airports, and urban infrastructure.

5. Banking and Financial Services: This sector has been vital in mobilizing resources and driving economic growth. With the increasing penetration of digital payments and fintech solutions, this sector will continue to evolve in the coming years.

6. Pharmaceuticals and Healthcare: India's pharmaceutical industry has made significant strides in providing affordable medicines globally. The focus on research and development, along with a growing domestic market, will be crucial for this sector's future growth.

It's difficult to provide precise figures on each sector's contribution to the Indian economy, but as a financial advisor, I would suggest you consider investing in a diversified portfolio that includes some of these sectors. This will help you benefit from the potential growth in these industries and minimize risks associated with investing in a single sector. Remember to consult a professional financial advisor before making any investment decisions.

I hope this information helps you in making informed decisions about your investments.

Ans: Happy Deepavali to you as well!
India is one of the youngest countries in the world.
Housing will be needed for the enormous youth needing homes.
To double the economy the infrastructure needs to double.
The world needs technology especially in the AI world. Would bet on technologies in a big way.
Lastly India is one of the most unhealthy nation in the world. As we are mostly lazy and do not excersise We have the largest diabetic population, largest cardio cases. So bet on healthcare and pharma companies.
These are all long term guesses.