Advertisement
Sunday, Oct 24, 2021
Outlook.com

Revival

A sustained rally, lower interest rates, cautious optimism-better days ahead, but the government's task is not done

Revival
Revival
outlookindia.com
-0001-11-30T00:00:00+05:53

IS the stockmarket boom going to last? Is it the beginning of the economic upturn? Do we see, finally, light at the end of the tunnel? For every aye, there's a counter nay. India, after all, is a democracy-look what happens in Parliament every day. But after the 421-point rise in the Sensex in two weeks after Budget 99, the ayes seem to be growing louder-from finance-savvy housewives, medium-scale businessmen, the punting executives, the mid-level employees in the metros, and most certainly, the brokers on the trading floor, even the faceless market junky who till yesterday wouldn't look at the bhav copy. And from the 16 per cent who found the budget far above their expectations in a recent poll among top-level professionals.

Even the industrialists in whose hands the future of this country rests. Post-budget, many of them are smiling. And the confirmed cribbers actually sport a grimace. Says a senior corporate economist: "When I talk to the businessmen, I get the feeling that the loudness with which they used to bitch has come down." A more conservative explanation comes...

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Amit Shah's Roadmap For Jammu & Kashmir: Delimitation, Elections, Statehood

Amit Shah's Roadmap For Jammu & Kashmir: Delimitation, Elections, Statehood

This is Shah’s first visit to Jammu and Kashmir after the state was stripped of its special status and bifurcated in 2019 by the Narendra Modi government. Shah is on a three-day trip.

Smoke And Mirrors: NCB’s Panchnama In Aryan Khan Case Hides More Than It Reveals

Smoke And Mirrors: NCB’s Panchnama In Aryan Khan Case Hides More Than It Reveals

NCB’s methods are under the scanner as experts punch holes in ‘panchnama’, arrest memo.

OUTLOOK EXCLUSIVE: Why Is Pakistan Under Pressure To Beat India In T20 WC, Says Madan Lal

OUTLOOK EXCLUSIVE: Why Is Pakistan Under Pressure To Beat India In T20 WC, Says Madan Lal

India and Pakistan clash in a high-octane ICC Men's T20 World Cup Super-12 match in Dubai on Sunday. Pakistan have never beaten India in a World Cup clash.

Love, Respect, Awe: That's The Way Shah Rukh Khan Looks At Women In His Films

Love, Respect, Awe: That's The Way Shah Rukh Khan Looks At Women In His Films

Shah Rukh Khan is the soothing balm for millions of Indian women living an oppressive life in an insensitive, patriarchal society.

Advertisement