New Delhi: Manas Chakravarty, Mint’s Consulting Editor and Mark to Market columnist talks about why the Budget reacted negatively to the Budget.
Listen to Manas Chakravrty’s reactions to Budget 2009
He futher added that the government had in fact missed a good opportunity to assure the markets of its road map for the next five years. “Although the government has tried it’s best to stimulate the economy, it has fallen short of expectations,” he said.
Indian shares extended losses to 5% on Monday afternoon as the budget failed to live up to expectations and on concerns over a higher fiscal deficit in the current fiscal year.