Navneet Munot, MD and CEO of HDFC Asset Management Company (AMC), said that India’s economic engine is gaining momentum with a strong multi -faceted strategy, including fiscal incentives, cash flows and improvement in cash flows by RBI and improvement in infrastructure so that consumption, capital expenditure and exports can be promoted. In a special interview to ANI, Munot emphasized the government’s unwavering capital expenditure on roads, schools, healthcare and digital highways, which is the basis of GDP growth of more than 7%.

Munot explained in detail, “Coordinated steps such as individual income tax relief and streamlined rules are accelerating domestic demand.” Additionally, the repo rate reduced by the RBI from February by a reduction of 100 basis points – which has come down to 5.5% by June – as well as a liquidity of Rs 5.6 trillion and 100 basis points in CRR, promoting debt ups and reducing borrowing costs. He said, “These development-supporting factors establish India as the world’s fastest growing major economy,” and focused on balanced regional spread for inclusive prosperity.

Proof? Navratri 2025 wrote the story of a decade sales peak, in which the change in GST 2.0 on 22 September further increased the festive enthusiasm – in which four slabs were mixed with 5% (required) and 18% (most of items), as well as 40% on luxury/sin objects. From the cloth (5%on man-made fibers) to fertilizers, tax rates reduced by tax rates on 375 items, increasing the GST collection in April-May by more than ₹ 2 lakh crore.

Auto veterans made a splash: Maruti Suzuki doubled the production to 2 lakh delivery, recorded 30,000 units of the highest level of the first day of 35 years; Mahindra increased by 60% due to the demand of SUV. The electronics field was also bright – Hayer shares recorded an increase of 85%, causing a decline in TV shares on Diwali; Reliance retail gadgets and costumes increased by 20–25%. The officials expressed happiness, saying, “The reforms loosened the middle class pockets, showing the impact on the ground level.” The festive season made an early earning of 40–45%.

Munot’s optimism resonance: with demographic dividends and policy coordination, India’s fiscal wisdom-unlike the global counterparts-is a symbol of ‘Bahujan Hitay’, a symbol of welfare, which is an inspiration for Blacrock-level domestic financial veterans. As Diwali is closer, this Renaissance of consumption is indicating a V-shaped bounce, which further strengthening the intimacy with India’s third largest economy.