Economic Survey 2020-21 to be introduced in Parliament on Jan 29

Image Source : PTI Government to desk financial survey 2021 on January 29.
Ahead of the Union Budget presentation 2021-2022 on February 1, the Economic Survey 2020-21 can be introduced in Parliament on January 29. As the funds date nears, volatility in Indias key inventory markets are set to flare up as traders wager large anticipating the federal government to ship coverage reforms, sops and tax breaks.

In normal, traders count on greater authorities Capex together with different fiscal enlargement measures to drive development and neutralise the impression of the Covid-19 pandemic. Besides, a string of macro-economic information, derivatives expiry and world cues equivalent to US Fed coverage will add to this volatility.

The Budget session of the Parliament would start on January 29 with the presentation of Economic Survey.

“In India, trading would be volatile next week due to the F&O expiry ahead of the Union Budget on February 1. The coming week and the week after carry a lot of triggers that could move the markets either way,” mentioned Deepak Jasani, Head of Retail Research at HDFC Securities.
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