Posted 2/4/2024, 9:20:47 AM
Indian Markets Bullish on Pro-Growth Budget Focused on Development
- Indian stock market set for election rally on government's strong economic stance and commitment to growth-oriented policies
- Interim budget reduces fiscal deficit target to 4.5% by 2025-26, positively impacting market valuation and interest rates
- Government emphasizes development priorities like supporting poor, women, youth and farmers in budget
- FIIs selling heavily in India and Asia on growth concerns, contributing to market volatility
- Budget promises efficiency improvements and 28% increase in productive capital expenditure to achieve fiscal goals