Fiscal deficit target and GDP growth target look realistic whilst fund flows to important sectors such as infrastructure remain supportive. Execution will be the key now as the numbers are large and slippages can have adverse impact on the interest rates and bond yields.
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However, the market performance is also dependent on various macro-economic scenarios other than the Budget, which may include international events, domestic political scenario, commodity prices and consumption factor. Hence, investors must look at market opportunities with a broader horizon.
Read moreIndia emerged as the one of the fastest growing economy in the world in 2017-18,
with the Government
of India estimating GDP growth of 6.75% for the
full fiscal year.
The GDP growth rate forecasted for the
fiscal year 2018-19 is
between 7.0% and 7.5%.
The Goods and Services Tax Council was constituted by Article 279A and came into effect from September 12, 2016, for oversight and administration of GST implementation in India. Since then, the Council has met 25 times.
NSE NIFTY 50 Index and BSE Sensex have witnessed an upward trend in the past one year with NIFTY up by 29% and Sensex up by 28%. This increase has largely been driven by better economic policies, stimulating government reforms, improvement in corporate earnings and an overall positive global environment.
The RBI kept the repo rate unchanged at 6.0% due to concerns over rising inflation and increasing global crude oil prices.
The Government of India plans to infuse more than INR 88,000 crore into public sector banks (PSBs) in FY2018 itself out of its INR 2.11 lakh crore recapitalisation program for PSBs.
November 08, 2017, marked the one-year anniversary of not only demonetisation but also the election of Donald Trump as the President of the United States. It has been a year since he assumed office with the campaign slogan ‘Make America Great Again’, and a number of global changes have taken place since then.
