While the Friday announcements are a disservice to the market, CNBC-TV18 Consulting Editor Udayan Mukherjee is of the view that instead of a rally, the government’s announcements would have diminishing marginal utility.
Finance Minister Nirmala Sitharaman has been making a series of announcements every Friday since August 23, to boost the economy. A slowdown that is gradually taking a toll on the non-banking finance (NBFC) sector, autos, and steel industry, is also equally impacting the job market in the country.
While the Friday announcements are a disservice to the market, CNBC-TV18 Consulting Editor Udayan Mukherjee is of the view that instead of a rally, these announcements would have a diminishing marginal utility.Watch the video to find out how the government's measures will impact the market and, in turn, your investments.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.