20 Jul 2014

Budget 2014 and its implications on Indian economy and markets

Hi All, We had huge expectations from the 2014 budget presented by Arun Jaitley last week. It had been hailed as the most awaited and path breaking  budget ever in Indian history and what not. For obvious reasons, it failed to live up to the hype. The fiscal constraints/ high fiscal deficit and macro-economic issues (high inflation and low growth) also tied his hands to a large extent. Though , I agree with the experts that the budget was not radical , transformational  and Visionary , it was not a bad budget at all . It had many...