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The unveiling of a budget that charts a clear course for the nation is a welcome sight in an era of uncertainty. The cornerstone of this budget is its commitment to policy continuation, instilling confidence and stability in corporate sector. The FY25 fiscal deficit has been pegged at 5.1% of GDP, lower than market expectations, with a commitment to reducing below 4.5% of GDP by FY26. The budget focuses on a climate-friendly approach, strengthening the EV ecosystem, domestic tourism, and multi-modal logistics to propel India towards a developed nation by 2047. It also includes measures to boost innovation in the defense sector and improve logistics efficiency. ....
The unveiling of a budget that charts a clear course for the nation is a welcome sight in an era of uncertainty. The cornerstone of this budget is its commitment to policy continuation, instilling confidence and stability in the corporate sector. The FY25 fiscal deficit has been pegged at 5.1% of GDP, lower than market expectations, with a commitment to reducing it below 4.5% of GDP by FY26. The budget focuses on a climate-friendly approach, strengthening the EV ecosystem, domestic tourism, and multi-modal logistics to propel India towards a developed nation by 2047. It also includes measures to boost innovation in the defense sector and improve logistics efficiency. ....
After the Bhartiya Janata Party s decisive victories in Chattisgarh, Rajasthan, and Madhya Pradesh last Sunday, the market witnessed a robust rally, which briefly paused mid-week. However, as the week concluded, buying momentum resumed, propelling benchmark indices to fresh highs. This resurgence was attributed to positive global cues and the Reserve Bank of India s (RBI) optimistic revision of the FY23-24 GDP forecast to 7%, up from the earlier 6.5%, in its monetary policy announcement. ....
We mentioned yesterday that the markets may pause for breath. On Thursday, 2196 stocks advanced, 1568 declined and 121 remained unchanged, with an advance decline ratio of 1.40 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets. ....
Stocks that will see action today—Dec 7, 2023 - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.