Budget 2023-24 India : Union Finance Minister Nirmala Sitharaman is going to present the last full budget of the Modi government on 1 February 2023 in the Parliament. Special enthusiasm and enthusiasm is being seen in the people of every sector regarding this budget. At the same time, the general public and investors are sitting with special hopes for themselves from the budget. Investors of the Indian stock market are expected to present a balanced budget this time. Know what else can be special in the budget…
Emphasis on improving the economy
Investors who have contributed in all kinds of investments in the country expect the government to increase employment, increase spending on infrastructure, overcome the deficit and improve the Indian economy in the general budget. According to some media reports, investors investing in the stock market have a lot of hope, the arrival of a balanced budget can have a significant impact on the movement of the market.
Slowdown in the stock markets before the budget
It may be known that, before this general budget, there is an atmosphere of lethargy in the stock markets. BSE Sensex has been almost flat in the month of January. At the same time, the quarterly results of many companies have not proved to be special in encouraging the markets. Positive movement has been seen in some indices like IT and Bank.
16,500 crore withdrawn from the markets
This month, foreign portfolio investors (FPIs) have pulled out a large number of their money from the market. Has withdrawn more than Rs 16,500 crore from the domestic stock markets. Apart from this, investors are also cautious about the fear of inflation and global recession.
What was the situation in the last 10 years
Before the general budget, there is usually an atmosphere of lethargy in the stock markets. Finance Minister Nirmala Sitharaman will present the budget for the financial year 2023-24 on 1 February. Overall, in the last 10 years, there has been an increase in 6 times before the budget, and there has been a decline in 6 times in the last 10 years after the budget.
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