The Sensex continues to fall despite the Asian Indices continue to go up in value. The Dow Jones Futures were also pointing to a much higher opening today. Despite strong global cues the sensex continues to fall. There are homegrown domestic concerns that is worrying the investors.
1. The coronavirus cases: The coronavirus cases are still extremely high and continue to increase despite the country of more than a Billion people in continous lockdown for more than a 2 months now.The peak is still far from near and nor has the number of cases gone down.Also a second higher wave of cases after the lockdown eases has also added to the worry.
2.Stimulus Package: The First nor the second stimulus package gave much economic boost to the people. it only paved way for MSMEs and Migrant workers that too with not much relief. Most businesses are sure to run out of cash and declare bankruptcy and most industries do not seem to do any profit business for at least a year.
3. Goldman sachs report: Goldman Sachs report said that the annual GDP of India would be down by 45 Percent even though it expects to rise in value in 2021 by 20 Percent. Therefore in the short term it is extremely difficult to make any bullish projections of the Indian economy.
4. No Fiscal Stimulus: The Economic package surely failed to provide any relief to tax payers which has messed up the sentiment of the Investors. No other relief measure except paying for the taxes at a slightly later period across sectors is the only relief provided.
1. The coronavirus cases: The coronavirus cases are still extremely high and continue to increase despite the country of more than a Billion people in continous lockdown for more than a 2 months now.The peak is still far from near and nor has the number of cases gone down.Also a second higher wave of cases after the lockdown eases has also added to the worry.
2.Stimulus Package: The First nor the second stimulus package gave much economic boost to the people. it only paved way for MSMEs and Migrant workers that too with not much relief. Most businesses are sure to run out of cash and declare bankruptcy and most industries do not seem to do any profit business for at least a year.
3. Goldman sachs report: Goldman Sachs report said that the annual GDP of India would be down by 45 Percent even though it expects to rise in value in 2021 by 20 Percent. Therefore in the short term it is extremely difficult to make any bullish projections of the Indian economy.
4. No Fiscal Stimulus: The Economic package surely failed to provide any relief to tax payers which has messed up the sentiment of the Investors. No other relief measure except paying for the taxes at a slightly later period across sectors is the only relief provided.
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