DSIJ Mindshare

Markets eagerly awaiting budget proposals

Karan Dsij 0 549 Article rating: 5.0

Key benchmarks may begin the first trading session for the month of February on positive note and once the budget announcement begins we will see the markets reacting to the budget proposals. Traders will be getting encouragement with GST collections in January crossing the Rs 1 lakh crore mark and the statistics office's revision of the growth rate for India’s gross domestic product data for financial years 2016-18 and 2017-18. The GDP growth for FY17 was revised from 7.1 per cent earlier to 8.2 per cent and for FY18 from 6.7 per cent earlier to 7.2 per cent.

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