[GSIFS] Budget 2009

[GSIFS]

Budget 2009

During the whole budget Mr. Pranab Mukherjee (FM) has a naughty smile on his face. However this was not due to the fact that he was hiding something which he can do from the remaining politicians and the other millions who watched the Budget eagerly.

The FM has very little head room to move. As he is the one on the fiscal side representing the Govnt. of India (GOI) and their measure on the Indian economic condition, he was squeezed into a corner from where he has to fight his way back into the center of attention.

India's increasing Fiscal Deficit, unfavorable Balance of Payments (BoP), and not so strong global currency are to be kept in mind for global evaluation. Domestic concers are like interest rates and inflation. However they all form a loop which add additional pressure on the FM to do what he wishes to do.

Just days before the Budget 2009 was presented, the Economic Survery 2009 (ES09) was tabled. According to the ES09, many huge expectations were built up. The biggest were from investors and traders of the stock market of India led by BSE and NSE brokers.

However expectations like....

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Posted By GSIFS to GSIFS at 7/10/2009 03:40:00 PM

[GSIFS]