Indian Stock markets are not impressed by the Union Budget presented on February 1 and have witnessed a decline.

Clearly, this was a ‘make or break’ Budget for the government with most sectors (including real estate) seeking concessions to boost consumption and investments.

Union Budget 2020 has offered simpler direct tax option for individual tax payers and the government has reduced the tax rate.

Union Budget 2020 has led to steep decline in Indian stock market as market participants were expecting relief from LTCG tax and some other sops.

Mumbaikars will soon have the option for eating, shopping and entertainment round the clock.

Indian markets have been hovering around their all-time high for the past two months and majority of index stocks have gained in the rally which was witnessed towards the end of year 2019.