India, it seems has successfully managed to fight the on-going economic downturn so far and is now on a course of economic revival.
Signs of this revival are coming from a strong upward rally by the stock market, renewed foreign investor confidence, increased consumer spending, more job creations, etc. These tell-tale signs have all resulted in a renewed hope that Indian Financial Markets such as its Stock Exchanges like the Bombay Stock Exchange and the National Stock Exchange will continue this steady upward swing.
The upcoming Union Budget of the UPA Government will be again a good indicator of the course that the Indian Financial Markets take from here onwards and how soon they are able to come out of the economic turmoil that the world faces. The finance ministry will have to ensure that the budget brings out key economic policies which take India into the path of economic prosperity.
We will keep you posted on the India Budget as and when it comes out and will try and capture some of the key Budget Highlights.