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Investors Pin Hope on Budget as Market Loses ₹27L Cr in Jan
The New Indian Express Kannur
|January 31, 2025
INVESTORS are placing high hopes on the upcoming Union Budget to revive market sentiment as the ongoing equity market downturn has eroded over ₹27 lakh crore of investor wealth in the first month of 2025.
Finance minister Nirmala Sitharaman is set to present the Union Budget on February 1.
"This year's budget is crucial as it presents an opportunity to shift the focus from capex to consumption. This shift, if successful, could significantly boost the economy, which has been hampered by a slowdown in GDP growth due to the impact on consumption. The potential benefits of this shift are substantial and could bring about a much-needed change in the market sentiment," said Anand K. Rathi, cofounder of MIRA Money.
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