Winners of Budget 2023-24
Who wins from Budget 2023-24? The Union Budget 2023-24 presented last Wednesday is a perfect balancing act. Despite putting the nation's finances on a fiscal consolidation path, the Budget also…
Key Takeaway from Budget 2023
It is typical of markets to rally ahead of the budget proposals and see some profit taking once the measures are announced. This time, however, the Adani group stocks played…
Budget FY24 Highlights
In a nutshell, budget FY24 focuses on seven priorities, or Saptarishi. These are inclusive development, reaching the last mile, agriculture, and investment, unleashing potential, green growth, youth power, and financial…
How to play Budget 2023-24
Expectations drive financial markets. Credit markets look forward to the cues on interest rates and inflation, while equity markets look to those about corporate profits. It is the final full…
Post Budget – Market Outlook!
The start of 2022 has been a big roller coaster ride for equity markets. Not only in India but also globally. While we started the year on a strong note,…
Keynes, FM & Budget …
The world remembers British economist John Maynard Keynes regularly in cycles. In a crisis, no economic discussion is complete without acknowledging him. Keynes argued in the 1930s that governments could…
Budget 2022-23 – What to expect?
As the Union Budget is round the corner, excitement and trepidation are all palpable. Let us break it down - Budget expectations are basically of two types. The first is…
Budget highlights 2021
In the wake of a bold & modern India, the FM announced the six significant areas of growth in the Union Budget for FY 2021-22 namely – Health and wellbeing, infrastructure, inclusive growth, human capital, R&D and minimum government and maximum governance.
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Union Budget and Stock Markets
A key annual event that is keenly observed and followed across the socio-economic strata is the Union Budget. Normally, the Budget has a bit of everything which affects not only the rich but also the marginally rich, the middle-class, and the poor. It is an event that has the potential to change the way we deal with our expenses, ambitions, plans, and desires. It also contains path-breaking reforms that can change the course of the economy, sectors, and businesses. The Union Government, as part of this massive exercise, seeks feedback and holds series of discussions from various Industry bodies, trade associations, thought leaders, economists, experts from across sectors and reviews them as a part of the Budget preparatory exercise.
Going much beyond the stated purpose of articulating the “Statement of Accounts and Allocation of Funds”, the Budget attempts to incorporate various policy reforms and measures with the objective of achieving economic growth and progress, social welfare and upliftment.
Among other measures, changes in policies especially taxes have a distinct correlation with stock markets. Whilst some Investors build speculative positions based on their expectations from the Budget, others wait for the Budgetary announcements to happen and then take a more considered view on their investment decisions. Both are guided by the underlying relationship between the Budget and its impact on the economy and the stock market. Let us go back in history and try to get a deeper understanding of how this crucial aspect has indeed played out, in the past.
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