Post Union Budget 2009 Effect on Stock Market | Indian Stocks to Make You a Millionaire
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Post Union Budget 2009 Effect on Stock Market

Posted By On 12:16 AM Under ,

1. It is a known fact that Union Budget 2009 has been a damp squib. It is being felt that the budget will not have positive impact on industry as fiscal deficit is rising like a monster as it has zoomed to 6.2% in FY09 (stimulus effect) due to global economic slowdown which has caused an impact on India's growth.

2. It is a matter of concern that Finance minister has accepted that deficit will rise to 6.8% of GDP in FY10 and same has raised lot of eyebrows.

3. Moreover infrastructure though talked will not get that push as same will have to be met by further borrowings. However govt will have to go all out to ensure that our economy achieves the suggested 9% of GDP. Thus Indian govt needs to chalk a path for itself to be able to take India on a new growth trajectory.
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