Economist Swaminathan Aiyar finds the Union Budget unremarkable. He notes a lack of bold reforms and simplification, with many small changes increasing complexity. Fiscal consolidation is marginal. The budget prioritizes stability amid strong growth. Major reforms like fertiliser subsidy abolition were avoided. Sector-specific measures are politically understandable but economically modest.
Sensex crossed 85K for first time 2 years ago, now down 10K points from milestone. What can trigger the next bull run?
Two years ago, Sensex soared to an impressive 85,000, but the market has seen a steep decline since then. This downturn is attributed to several