Budget 2020: Expected to touch this level amidst hopes of stability
Budget 2020: Expected to touch this level amidst hopes of stability
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Finance Minister Nirmala Sitharaman may present the Budget for the year 2020-21 on February 1. The immediate effect of the Union Budget is seen on the stock market and due to this, trading on the stock market can take place on February 1, despite being Saturday. Some analysts expect the stock market to be optimistic about Budget 2020. Apart from this, Rahul Agarwal, director of stock broking company Wealth Discovery, believes that Sensex and Nifty are reaching new heights due to the expectation of betterment in the coming years despite softening of all financial indicators. He said that the stock market is forward-looking. The stock market feels that the budget will be good and the Indian economy can do well, due to which the stock market is registering a tremendous boom.

Stability will come in the stock market- At the moment, Agarwal said that the domestic stock markets are already seeing faster than other emerging markets. In such a situation, even if the budget is very good, the market will not be seen very fast. He said that if the Budget 2020 is in good condition, the market will stabilize and may keep moving up and down within its range. This is because the Sensex and Nifty have seen tremendous boom in recent times. Budget is important for the entire economy - Agarwal said, "This year the budget is very important for the whole economy because the country's economy is currently at a minimum level of 11 years. Apart from this, India's goal of becoming a five trillion dollar economy by 2024 will not be achieved. In such a situation, the Modi government will have to take some very comprehensive steps. There is hope that something concrete will come out in this budget.

Important measures are necessary to increase private consumption and investment - Rahul Agarwal said that this time in the budget, the priority of the government will be to bring money in the hands of the people, so that the wheel of the economy rotates. This is important to increase demand and consumption. At the same time, the government will also have to take steps to promote private investment. For this, it is necessary to come to the banks. The same government should take steps for both these things. He said, "I hope the government can take some comprehensive steps for Individual Income Tax." Its goal is to increase people's consumption. ''

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