FM ADVOCATES FOR RATING UPGRADE FOR ECONOMY—STOCK
MARKET
There is strong case for rating upgrade of Indian economy by global
rating agency on the back of increasing investments, declining import of gold
and government’s commitment to fiscal prudence.
The expert in stock market and those who trade in nifty
consider it a strong move which will boost up confidence of retail investors in
the stock market. The issue of
rating upgrade was raised by FM officials at a meeting with the rating
agencies. The ministry expressed
confidence that current account deficit (CAD) will surely come down as oil
prices are stable and the rupee has been range bound. Moreover, the cabinet committee on investment
has also approved projects worth Rs 70000 crore in three months time.
In general the infrastructure and in particular the cement industry and
steel industry will have positive impact.
The government has set up CCI under PM Manmohan singh, in December last
year to accord fast track clearances to mega projects. The experts in stock market and intraday
traders in nifty consider it long term healing effect for the nifty trading system.
The rating agencies were impressed upon by the resolution of the
government to follow the path of the financial prudence and bring down the
fiscal deficit to 3 per cent of GDP by 2016- 17. The Budget has proposed to bring down the
fiscal deficit to 4. 8 per cent from 5. 2 per cent in current year. Besides several reforms initiative like,
liberalizing FDI norms for various sectors, including multi- brand retail. These all factors will let the stock market
bounce back in the long run with both intraday traders and investors
make a good use of time. The best
intraday trading software also sees it minutely and will forecast buy
and sell signal for its subscribers.
Let us hope all well if it ends well.
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