Budget 2017 expected to be market-neutral: Morgan Stanley

Morgan Stanely
Latest News – The Union budget is going to be a “market-neutral” event as policymakers are not likely to change their policy stance and will continue to focus on fiscal consolidation, says a Morgan Stanley report.
“We do not expect major changes in the conduct of fiscal policy and hence, view the budget as a market-neutral event,” Morgan Stanley said in a research note.
The Union budget for 2017-18 is due to be presented on February 1.
According to Morgan Stanley India Strategist Ridham Desai, the budget’s influence on (Read More)
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