Budeget shock

The operation was successful but the patient died. That is what happened on the day of posting the Union Budget. Now only the investors understood the advantage of P Chidambaram being the of FM of India.

The BSE Sensex dropped about 900 points while the Finance Minister Pranab Kumar Mukerji presented the budget. Though apparently nothing less cheerful in the budget the Indian Stock market rejected Mukerji’s proposals causing a huge loss to investors. The biggest one-day drop in Sensex in six months after the annual budget is not at all cheery to the Union Ministry.
The falling of the benchmark to 5.8 percent on Monday after the budget is a crude shock to Indian Economy. Investors do not expect much from Mukherji.

K A Solaman
The New Indian Express Dated 8 July 09