As our finance minister said recently US recession fears definitely affect Indian market.But he didnnot mention what steps he has taken to decrease the effect of US recession on Indian market. I think he definitely knows some of his proposals in the budget has got some bad effects on the market and so he doesnot want to mention that part.
Analysts say Indian market is no longer a bull market and they predict that the downrun will continue in recent months as well.
The proposals I mentioned earlier are the additional 5% tax on short term capital gain and the proposed implimentation of commodities transaction tax(CTT).I think these are the two proposals affected the Indian market badly.These proposals should be eliminated soon.And let the bull run continue in the Indian market
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2 comments:
On what basis you thinks that the budget proposals should be eliminated??
The budget outcomes or tax proposals alone are not responsible for this huge market crash. The Indian stock market was clearly over valued and some analysts pointing out that still it is higher than the usual standards. Also crisis in Global market, fuelled by uncertainities regarding US recession also plays a vital role in the market crash.
Good post.
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