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26 Jan 2018

STOCK MARKET- BUDGET TO FOCUS ON RURAL ECONOMY,INFRASTRUCTURE, AND BANKS.




According to the preliminary blueprint that has emerged during Budget discussions, the government plans to focus on these crucial areas to fire up growth and tackle the growing unease in the farm economy.
"There will be more attention on irrigation and agriculture. We are working out the numbers. We will have to address the problems in the rural economy which has borne the brunt of two consecutive droughts," said a senior official who did not wish to be identified. "This is a very crucial Budget for the government," he said, highlighting the need to take effective measures to revive vital sectors and overall growth.
The official also said that the infrastructure sector will see greater attention as the government is keen to step up investment despite a challenging fiscal situation. The government has already allocated Rs 5,300 crore to support micro-irrigation, watershed development and the Pradhan Mantri Krishi Sinchai Yojana and has urged states to chip in substantially in this vital sector. Sources say this effort will be stepped up in the current Budget.

The rural economy, a key driver of demand and a support for the broader economy, has taken a knock from the two back-to-back seasons of patchy monsoon rains. The segment drives demand for everything from motorcycles to tractors, televisions and refrigerators.
 
Therefore share investors to look for the companies relate to above category for investment.

Thanking you,                                                    see you later.

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