Capital Markets: A Big Opportunity Lost

There is an economic term called Opportunity Cost. It means it is the cost of not doing the right thing at the right time with the available resources at your disposal. Finance minister Nirmala Sitharaman seems to have lost the opportunity to cater to the expectations of the country when she presented her second budget on February 1. There were lot of expectations with respect to reviving the slowing economy, kickstart the consumption demand and puting the economy back on the growth trajectory. However, looking at the reactions to her budget proposals, first from the market and then from experts, it seems that it is a “Big Opportunity Lost”. By the time this issue will be out, it will be amply clear about “opportunity lost and opportunity cost”. The budget, in a nutshell, was neutral to negative. It is neutral because it did not initiate anything exciting for the...