The cost of living soared all over the world in 2022. Pandemic price pressures, dismissed as transitory, turned out to be enduring with Russia’s war in Ukraine causing a fresh spike in food and energy costs.
Tushar Pradhan, chief investment officer, HSBC Global Asset Management, says the Union Budget to be announced by Finance Minister Arun Jaitley will be very closely watched by FIIs who are hoping to see some significant change in Indian business environment.
Energy expert Narendra Taneja says that results from Reliance's quarterly performances were in line with the expectations. But, the E&P business will improve, going forward and petchem sector needs to pick up.