X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Markets will remain closed on 19th & 20th October 2017.
We wish all our readers a very Happy Diwali!

Will Budget 2012 favour agri and infra?
Wed, 18 Jan Pre-Open

Budget 2012-13 will soon see the light of the day. Over the last few years, the budget has lost its relevance for the markets with actual achievements consistently falling short of targets. Moreover, expenses have often overshot the original limits. However, this time, the things are different. The Indian economy is dragging its feet and markets are getting adversely affected by global economic scenario.

The domestic government too has been blamed and criticized for policy paralysis in the current fiscal. It took a critical situation like the one we faced in 1991-92 to go in for economic liberalization. As the bad times are here again, chances are that the survival instinct will make the government shed its inertia and undertake reforms to promote investments and economic growth. At the current state, the segments that seem to be the key potential beneficiaries are agriculture and infrastructure.

The government has invited lots of brick bats on account of food inflation. Hence, we will not be surprised to see some major positive developments here as this is something that affects the entire population and is a key determinant of overall inflation levels in the economy. Besides, a reform in this sector and investment across the entire value chain will take care of employment generation as well.

Coming to infrastructure, a mix of environmental issues, land acquisition hurdles, high interest rates and delayed clearances have dropped the investment proposals to five year lows. As a key emerging market and aspiring to be the global superpower, the urgency of investments in infrastructure can hardly be undermined. However, this is something for which Government will need to seek support from private sector as its own fiscal balances remain out of order.

The impact of global events hasn't turned out to be very favourable for India and for the lack of any near term catalysts to propel Indian growth story ahead, it seems the right time for introducing a reformist Union Budget. The sooner the government bites the bullet, the better it will be for the Indian economy.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Equitymaster requests your view! Post a comment on "Will Budget 2012 favour agri and infra?". Click here!

  

Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Oct 19, 2017 (Close)

MARKET STATS