Impact of the Budget on the Capital Markets | Zendy

Jayanth R. Varma | Zendy; V Raghunathan | Zendy

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Impact of the Budget on the Capital Markets

Author(s) -

Jayanth R. Varma,

V Raghunathan

Publication year - 1997

Publication title -

vikalpa the journal for decision makers

Language(s) - English

Resource type - Journals

eISSN - 2395-3799

pISSN - 0256-0909

DOI - 10.1177/0256090919970204

Subject(s) - economics , capital market , monetary economics , stock (firearms) , business cycle , fiscal policy , tariff , virtuous circle and vicious circle , national budget , capital (architecture) , macroeconomics , international economics , finance , mechanical engineering , history , archaeology , engineering , politics , political science , law

This was a budget that carried reforms forward in all the main areas – fiscal correction, tax reforms, and tariff reforms. Most importantly, the budget broke the vicious cycle of worsening expectations that had put the stock markets into a bear grip and pushed business confidence to an all time low. According to J R Varma and V Raghunathan, the budget ought to go a long way in reviving the stock market and restoring business confidence.

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