Union Budget Reaction by CapitalAim

Investors and market analysts were expecting strong reforms or a roadmap for reforms from the new Finance Minister in second term of Narendra Modi government. However, the budget has failed to offer anything concrete about the plans of Modi government to improve economic conditions in India and fuel job growth. Post-budget reaction from Mr. Romesh Tiwari, Head of Research, CapitalAim.....

The budget fell short of expectations of Investors and traders lacking any major steps and a clear action plan for support for the domestic economy. The market immediate reaction is negative due to many factors that remained unaddressed in the budget. Some factors that traders are reacting to are:-

Union Budget Views by Epic Research and Stock Market Impact

Indian Budget failed to cheer up investors and the markets are expected to decline post budget considering the lack of clarity in the budget. The budget offers a strong vision but the Finance Minister as skipped the specifics. Comments on Union Budget 2019 by Mr. Mustafa Nadeem, CEO, Epic Research.

The budget in the overall scenario seems very balanced at this point in time. If we try it to compare with the interim budget there are only a few takeaways like firstly the increase in holding of up to 35% in listing companies. This is going to improve depth as well as make various listed companies available to retail participants. It will also attract foreign investment.

Piramal Group Chairman Ajay Piramal's Views on Union Budget

Finance Minister has presented the Union Budget 2019 which failed to cheer up investors. Piramal Group Chairman Ajay Piramal has commented on the budget announcements by BJP-led government.

The Union Budget 2019 is marked with a long term 10-year vision while retaining focus on the immediate priorities. The government’s roadmap to position the economy for future sustainable growth will resonate with both domestic and international stakeholders. India now approaching the global markets to raise sovereign debt, indicates the country’s readiness to be sized amongst the best in the world. This is a huge vote of confidence in the economy and its trajectory.

Indian Markets Uncertain as Budget Fails to Cheer Up Investors

Investors weren’t expecting too much from the Union Budget but the Finance Minister has failed to offer anything concrete or exciting. Indian economy will remain strong in long term but investing community always looks forward to strong reforms from government. The recently presented Union Budget hasn’t provided for any concrete steps. Many market analysts have criticized it as a political speech rather than an account of spending and earnings of the government.

Prime Minister Modi came back with a strong mandate and market players were expecting a reform-led budget. However, as the reforms have been put on the backburner, it seems that markets will find their direction with other triggers in near future.

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