The writer is managing director, Kotak AMC Ltd.
Ahead of the Budget, one of India’s top capital markets experts writes an open letter to Finance Minister Nirmala Sitharaman, listing a dozen ways to raise funds to finance India’s recovery from the pandemic.
The return of economic activity and declining active Covid-19 cases in India have raised hopes of recovery. Yet a second wave in Europe and US raise concerns. What is the way forward for businesses and investors?
The coronavirus is spreading, there are very few green shoots, lockdowns are getting increasingly local, and yet the markets are rising. What this means for the nation’s economy — and your money. Nilesh Shah explains
Today, the market is pricing in a reform-oriented, stable government pivoting around one national party, and so, there will be material move on the day of the poll result if the actual result ends up being different.
Both fiscal prudence and growth have remained priorities.
The finance minister also lowered tax rate, leaving more money into the hands of taxpayers to give consumption a boost.
The economy should be able to overcome the US Fed rate hike and some rebound in commodities.
What we should do to retrieve the India story
The budget has managed to walk the tightrope between divergent objectives growth,inflation and fiscal prudence quite well. Now let actions match words....