Budget’21 cheers investors as markets zoom

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Last week was a historic one for the Indian stock markets as investors heavily cheered the steps taken by the government in this years’ Union Budget. Benchmark indices rose over 9% in a single week as new policies aimed to strengthen various sectors like auto, healthcare, infra, and financial services. Unexpectedly, there were little-to-no changes made to various tax structures – and that gave all investors a breather. Global rating agency – Standard and Poor’s (S&P) – said that India’s Budget represents a comprehensive effort by the government to spark up the country’s economic recovery.