Daily O

Markets crash: The risks that loom over India's feel good economic index

The Budget 2018 has by and large disappointed Dalal Street with imposition of long-term capital gains and bigger than expected fiscal slippage.

Howsoever, one may ridicule the markets for its "snobby" status among the economic indicators, there is no denying the fact that financial markets are bellwether of the feel good factor in the economy. Thus, the consecutive fall in stock prices after Budget 2018 doesn't augur well for the narrative-nervy government.

Global factors do have their share in the post-Budget slump, but bigger concerns are the domestic factors that can keep the markets frail for longer than expected.

Narratives apart, a feeble or volatile stock market is poised for several macro- and micro-economic complications amid

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