Indian markets cheer 2021-22 budget |
Markets in India reacted sharply and positively to the annual budget released on 1st February 2021 after a seriously negative growth due to COVID-19. Per tradition, Indian Finance Minister Nirmala Sitharaman presented the Union Budget in Parliament. Stocks rose positively as several measures were unveiled to bolster the economy following the impact of the COVID-19 pandemic. The ruling party of Asia`s third-largest economy has promised a game-changing budget to revive the virus-hit economy. The government of Prime Minister Narendra Modi has increased spending by more than 15% in 2021-22, emphasising spend on infrastructure and healthcare.
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