Raghav Ramesh Pillay

PGP student

Indian Institute of Management Calcutta

“Drop in economic activity due to demonetisation is transient …..Demonetisation has a strong potential to generate long-term benefits……””

Finance Minister Arun Jaitley

Housing Finance

Consumer Durables

Micro Finance

2 Wheeler Industry

FMCG

Real Estate

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Sreetika Ray Mohapatra

PGP student

Indian Institute of Management Calcutta

The markets gave a positive reaction to the 2017-18 Union Budget with the benchmark NIFTY 50 jumping by 1.683%.

Conferring of “infrastructure” status to construction of affordable housing with increased allocation to Pradhan Mantri Awaas Yojana both promoted an immediate upward movement for infra  index.

However, the underwhelming allocation for recapitalization of PSBs did reflect on the index dropping slightly.

A strong stress on digitization from the start of the speech contributed to the positive momentum to IT Index. But overall the IT index fell during the day – Trumped?

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