An Investor's prelude to Union Budget FY21
Show some urgency in execution, only aspiring won't do A common saying in markets is that investor should stop panicking once the policymakers begin to panic. After a long spell of staying in denial, the policymakers have shown some urgency in past 6 months. However, they have so far refrained from pressing the panic button. The investors are eagerly waiting to see the finance minister pressing the red button hard today. In my view, the current state of Indian economy is akin to a person who is single wage earner for his family; has little savings; chronically suffered from hypertension and diabetes, and recently got a heart attack. This person cannot afford to spend couple of months in bed for recuperating. He has to immediately go for work so that he can pay the bills and feed the family. The economy not in crisis as yet There is enough evidence to suggest that the Indian economy is witnessing a serious slow down. It is open to debate, w...