Narrative in mkts will be about economic policies, say analysts as Sitharaman takes charge as FM
As ambiguity over finance minister portfolio ended with Nirmala Sitharaman at the helm, analysts Friday said that now narrative in markets will be about economic policies that will be adopted to revive and stimulate the slowing economy.
They further said that simplification of GST and measures to revive consumption will be among key tasks to be addressed by the new government.
Sitharaman Friday created history again when she became the first full-time woman Finance Minister of India, and now will have to steer the country out of an imminent economic slowdown and address challenges like job creation, mounting bad loans and stimulating investment.
"The ambiguity of portfolio allocation is now removed, so this is good for the market in a sense. We will get to see new finance minister Nirmala's proposals and approach in the budget due in about a month," said Jagannadham Thunuguntla, Sr VP and Head of Research (Wealth), Centrum Broking Limited.
"Emergence of clarity is what was important, .