Everybody is going to watch Pranab’s Union budget this Monday (July 6th, 2009). In my opinion, stock markets will ignore the defict concerns and most likely look for growth oriented policy changes.
This budget might remind us the former Prime Minister Narsimha Rao’s opening up our economy 20 years ago when Manmohan Signh was finance minister.
Expectations are that this budget is going to chart a high growth path for India. Mamohan Singh enjoys full support and doesn’t have any stumbling blocks like Left parties.
–sri
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