Dharmakirti Joshi | Don’t go by how the markets react

Dharmakirti Joshi | Don’t go by how the markets react
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First Published: Mon, Jul 06 2009. 01 54 PM IST
Updated: Mon, Jul 06 2009. 01 54 PM IST
New Delhi: Post finance minister Pranab Mukherjee’s most awaited Budget speech, Mint talks to experts from various sectors to get their first reactions to the Budget 2009.
Listen to Dharmakirti Joshi’s reactions on Budget 2009
We spoke to Dharmakirti Joshi, principal economist for rating agency Crisil, to find out what he feels about the Budget. Joshi said that the Budget was good since there was lot of emphasis on infrastructure and government spending would spur growth.
As the Budget speech progressed, stocks plunged as investors were disappointed by an absence of sweeping reforms or pro-market measures. However, Joshi feels that at this point it wouldn’t be a very good idea to go by how the markets react.
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First Published: Mon, Jul 06 2009. 01 54 PM IST