New Delhi: Finance minister Pranab Mukherjee remained the top newsmaker for the third straight month from among Mint’s 20-member group of influencers in July after he presented his first national budget in 25 years.
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The markets reacted negatively to the big-spending Budget he unveiled on 6 July and the Sensex, India’s most tracked equity index, fell by 5.83%, or 869 points, the sharpest-ever decline on any budget day. The finance minister later talked up the market when he said in Parliament on 14 July that the government’s stimulus measures were showing positive results. The Sensex rose to a two-week high the next day. Anil Ambani emerged as the second most mentioned person in the Indian media from among the 20, with 308 citations, as a dispute between his Reliance Natural Resources Ltd and Reliance Industries Ltd, owned by his estranged brother Mukesh Ambani, over the price of natural gas reached the country’s apex court. Anil Ambani was ranked third in global media, with 99 citations. Mukesh Ambani was ranked fifth in both international and domestic media, with 70 and 137 citations, respectively.
The Mint Influencers Index is a monthly, objective measure based on media analysis by Dow Jones Insight, which traces these leaders, looking at the volume of media citations for each of them as a proxy for their rising or waning influence. The assumption is that visibility and share of voice is good for them and their companies and, in the case of global media, the index is collectively a good surrogate for the growing or waning interest in India.
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Graphics by Ahmed Raza Khan / Mint
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For previous indices, go to www.livemint.com/influence