Market Update - Dec 2017
With the 2018 budget season around the corner, many expect a populist budget tone from the government. The reason for a populist budget are two-folds: Government is on a back-foot after their relatively narrow margin of victory in Gujarat. There is a clear indication of rural unrest post demonetisation and multiple years of poor monsoons. Added to this is the 2019 election which is just 18 months away. This means …
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